REGISTERED NUMBER: 15841122 (England and Wales)

Unaudited Financial Statements

for the Period 16 July 2024 to 31 March 2025

for

PREECE AND PREECE INVESTMENTS LTD

PREVIOUSLY KNOWN AS

PHOLDCO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

L Preece

J Preece

Registered office:

Unit 2, The Wood Shed

Gowers Farm

Tumblers Green

Braintree

Essex

CM77 8AZ

Registered number:

15841122 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Cubo Birmingham

Office 401, 4th Floor

Two Chamberlain Square

Birmingham

B3 3AX

Fixed assets

Investments

4

320,000

Investment property

5

192,248

512,248

Current assets

Debtors

6

229

Cash at bank

28,355

28,584

Creditors

Amounts falling due within one year

7

222,335

Net current liabilities

(193,751

)

Total assets less current liabilities

318,497

Capital and reserves

Called up share capital

8

320,000

Retained earnings

(1,503

)

Shareholders' funds

318,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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 10 August 2026 and were signed on its behalf by:

L Preece - Director

1.	Statutory information

Preece And Preece Investments Ltd is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page. The financial statements are prepared in Sterling (£), which is the functional currency of the company.

The company was incorporated on 16 July 2024, and the financial statements are the period from 16 July 2024 to 31 March 2025.

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.

Going concern

At the balance sheet date, the company had a net current liability position. At the time of signing these financial statements, the directors have considered the going concern position, including reviewing the annual budget and future cash flows, and consider that with the ongoing support of the shareholders, that the company will continue to trade for a period of at least 12 months from the date of signing these financial statements.

Preparation of consolidated financial statements

The company is the parent of a small group as defined by section 383 of the Companies Act 2006. The company has therefore taken advantage of the exemption from preparing consolidated financial statements available to small groups.

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate of its recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Taxation

Taxation for the period 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 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/period 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.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

3.	Employees and directors

The average number of employees during the period was 2 .

4.	Fixed asset investments

Unlisted

investments

£

Cost

Additions

320,000

At 31 March 2025

320,000

Net book value

At 31 March 2025

320,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Preece Morgan Group Limited

Registered office: Unit 2, The Wood, Shed Gowers Farm, Tumblers Green, Braintree, Essex, England, CM77 8AZ

Nature of business: Holding company

%

Class of shares:

holding

Ordinary

100.00

On 9 December 2024, the company acquired Preece Morgan Group for a consideration of £320,000 satisfied by the issue of share capital in Preece and Preece Investments.

5.	Investment property

Total

£

Fair value

Additions

192,248

At 31 March 2025

192,248

Net book value

At 31 March 2025

192,248

6.

Debtors: amounts falling due within one year

£

Prepayments and accrued income

229

7.

Creditors: amounts falling due within one year

£

Amounts owed to group undertakings

220,756

Directors' current accounts

79

Accrued expenses

1,500

222,335

8.	Called up share capital

Upon incorporation on 16 July 2024, the company issued 1 Ordinary A2 share of £1 each and 1 Ordinary D2 share of £1 each.

On 9 December 2024, the Ordinary A2 share was redesignated into 1 Ordinary B2 share of £1 each and the Ordinary D2 share was redesignated into 1 Ordinary C2 share of £1 each.

Subsequently, on the same date, an additional 255,999 Ordinary B2 shares and 63,999 Ordinary C2 shares were issued at par.

All share classes rank pari passu in relation to voting, capital distribution and dividend rights.

9.	Related party disclosures

The company has taken advantage of exemption, under the terms of Section 33 of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.