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Registration number: 13013676

Pico Property Limited
Annual Report and Unaudited Filleted Abridged Financial Statements
for the Year Ended 30 November 2025

Pico Property Limited

Contents

Abridged Balance Sheet | 1 to 2
Notes to the Unaudited Abridged Financial Statements | 3 to 5

Pico Property Limited

(Registration number: 13013676)
Abridged Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property |  | 396,217 | 396,217
Current assets |  |  |
Debtors |  | - | 3,939
Creditors: Amounts falling due within one year |  | (377,366) | (404,201)
Net current liabilities |  | (377,366) | (400,262)
Net assets/(liabilities) |  | 18,851 | (4,045)
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | 18,751 | (4,145)
Total equity |  | 18,851 | (4,045)

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

| The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
| The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Pico Property Limited

(Registration number: 13013676)
Abridged Balance Sheet as at 30 November 2025

Approved and authorised by the Board on 27 May 2026 and signed on its behalf by:

Mr R Davis

Director

Mr R Hamilton

Director

Pico Property Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the Board on 27 May 2026.

2 | Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's current liabilities an
amount is owed to the directors, who have agreed to continue to support the company, and not to demand
repayment of this amount to the extent that any such repayment would jeopardise the future of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Pico Property Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

Investment property

Investment property is carried at fair value, Gains are recognised in the profit and loss account. Deferred
taxation is provided on these gains at the rate expected to apply when the property is sold.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Pico Property Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

4 | Tangible assets

Investment properties

| 2025 £
At 1 December 2024 | 396,217
At 30 November 2025 | 396,217

There has been no valuation of investment property by an independent valuer.

5 | Related party transactions

Summary of transactions with other related parties

Within other creditors is a loan to Southwater Veterinary Limited for £287,587 (2024 - £19,700) which is a related company under common control.