Pightles Developments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09771766

Pightles Developments Limited

Filleted Unaudited Financial Statements

For the Year Ended

30 September 2025

Pightles Developments Limited

Statement of Financial Position

30 September 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible assets	4		1,548,698	1,495,225

Current Assets

Debtors	5	2,023	2,238
Cash at bank and in hand		1,569	5,518
		-------	-------
		3,592	7,756

Creditors: amounts falling due within one year	6	529,721		522,567
		----------		----------
Net Current Liabilities			526,129	514,811
			-------------	-------------
Total Assets Less Current Liabilities			1,022,569	980,414

Creditors: amounts falling due after more than one year	7		500,000	500,000

Provisions

Taxation including deferred tax	60,149	60,149
	-------------	----------
Net Assets	462,420	420,265
	-------------	----------

Pightles Developments Limited

Statement of Financial Position (continued)

30 September 2025

	2025		2024
Note	£	£	£

Capital and Reserves

Called up share capital	100	100
Fair Value reserve	192,311	192,311
Profit and loss account	270,009	227,854
	----------	----------
Shareholders Funds	462,420	420,265
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 11 June 2026 , and are signed on behalf of the board by:

M R Wincer

Director

Company registration number: 09771766

Pightles Developments Limited

Notes to the Financial Statements

Year Ended 30th September 2025

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Middleborough House, 16 Middleborough, Colchester, CO1 1QT, Essex.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue Recognition

The turnover shown in the profit and loss account represents rents received during the year.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office equipment	-	33% reducing balance

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Tangible Assets

	Investment property	Equipment	Total
	£	£	£
Cost
At 1st October 2024	1,494,897	2,355	1,497,252
Additions	53,583	–	53,583
	-------------	-------	-------------
At 30th September 2025	1,548,480	2,355	1,550,835
	-------------	-------	-------------
Depreciation
At 1st October 2024	–	2,027	2,027
Charge for the year	–	110	110
	-------------	-------	-------------
At 30th September 2025	–	2,137	2,137
	-------------	-------	-------------
Carrying amount
At 30th September 2025	1,548,480	218	1,548,698
	-------------	-------	-------------
At 30th September 2024	1,494,897	328	1,495,225
	-------------	-------	-------------

5. Debtors

	2025	2024
	£	£
Other debtors	2,023	2,238
	-------	-------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	10,136	8,794
Other creditors	519,585	513,773
	----------	----------
	529,721	522,567
	----------	----------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors - Children's discretionary trust	500,000	500,000
	----------	----------