PRECISION PROPERTY ESTATES LTD


Directors	Daniel Robert Garland
	David Lavin


Company Secretary	Daniel Robert Garland


Registered Address	Unit 27 Hill Lane Close
	Markfield
	LE67 9PY


Registered Number	12275563 (England and Wales)

Balance Sheet as at
31 January 2026

	Notes	31 Jan 2026		31 Oct 2024
		£	£	£	£
Fixed assets
Tangible assets	3		-		294,317
			-		294,317
Current assets
Debtors		541		152
Cash at bank and on hand		115,345		7,915
		115,886		8,067
Creditors amounts falling due within one year	4	(115,884)		(91,742)
Net current assets (liabilities)			2		(83,675)
Total assets less current liabilities			2		210,642
Creditors amounts falling due after one year	5		-		(148,752)
Net assets			2		61,890
Capital and reserves
Called up share capital			2		2
Profit and loss account			-		61,888
Shareholders' funds			2		61,890

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 10 June 2026, and are signed on its behalf by:

Daniel Robert Garland
Director

David Lavin
Director

Registered Company No. 12275563

PRECISION PROPERTY ESTATES LTD

Notes to the Financial Statements
for the period ended 31 January 2026

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

2.	Average number of employees


		2026		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Land & buildings	Total
	£	£
Cost or valuation
At 01 November 24	294,317	294,317
Disposals	(294,317)	(294,317)
Net book value
At 31 January 26	-	-
At 31 October 24	294,317	294,317

4.	Creditors: amounts due within one year

	2026	2024
	£	£
Other creditors	115,414	77,496
Accrued liabilities and deferred income	470	14,246
Total	115,884	91,742

5.	Creditors: amounts due after one year

	2026	2024
	£	£
Bank borrowings and overdrafts	-	148,752
Total	-	148,752

6.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
GARLAND, Daniel Robert	0	24,996	0	24,996
	0	24,996	0	24,996


	The above loan is unsecured and is repayable on demand.