Pygar Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10044982 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

PYGAR PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

J Handscombe

C J Mcleod

REGISTERED OFFICE:

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

REGISTERED NUMBER:

10044982 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

ASSETS

FIXED ASSETS

Tangible assets

4

(1

)

314

Investment property

5

-

835,000

(1

)

835,314

CURRENT ASSETS

Debtors

6

23,605

-

Cash at bank

-

1,210

23,605

1,210

23,604

836,524

CAPITAL, RESERVES AND LIABILITIES

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

8

23,504

65,495

SHAREHOLDERS' FUNDS

23,604

65,595

PROVISIONS FOR LIABILITIES

9

-

42,690

CREDITORS

10

-

728,239

23,604

836,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 May 2026 and were signed on its behalf by:

J Handscombe - Director

C J Mcleod - Director

1.	STATUTORY INFORMATION

Pygar Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The Company ceased to trade once the properties that it owned were sold.

The Company is to be closed down shortly after the balance sheet date.

The going concern basis of preparation has therefore not been adopted.

Turnover

Turnover represents the rental income received during the period, excluding value added tax.

Turnover is recognised when the right to consideration become due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2025

4,268

Disposals

(4,268

)

At 31 March 2026

-

DEPRECIATION

At 1 April 2025

3,954

Eliminated on disposal

(3,953

)

At 31 March 2026

1

NET BOOK VALUE

At 31 March 2026

(1

)

At 31 March 2025

314

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

835,000

Disposals

(835,000

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

835,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Other debtors

23,605

-

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

98

Ordinary

1

98

1

Ordinary A

1

Ordinary B

1

100

8.

RESERVES

Retained

earnings

£

At 1 April 2025

65,495

Deficit for the year

(16,991

)

Dividends

(25,000

)

At 31 March 2026

23,504

The split between non-distributable and distributable reserves are as follows:-

31.03.2025

31.03.2024

£

Distributable reserves

-80,427

-40,063

Non-distributable reserves

145,922

221,922

Total

65,495

181,859

9.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

Deferred tax

Accelerated capital allowances

-

42,690

Deferred

tax

£

Balance at 1 April 2025

42,690

Provided during year

(42,690

)

Balance at 31 March 2026

-

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade creditors

-

752

Directors' current accounts

-

726,529

Accrued expenses

-

958

-

728,239

11.	RELATED PARTY DISCLOSURES

As at the balance sheet date the company was owed £23,605 by its directors (2025 - owed £726,529 to its directors).

This balance was cleared by way of capital distribution on the closure of the company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pygar Properties Limited for the year ended 31 March 2026 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Pygar Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pygar Properties Limited and state those matters that we have agreed to state to the Board of Directors of Pygar Properties Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pygar Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pygar Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Pygar Properties Limited. You consider that Pygar Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pygar Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

11 May 2026