Preston Property Portfolio Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00958711 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Preston Property Portfolio Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Bennett

L J Dickinson

C M Bennett

SECRETARY:

T Bennett

REGISTERED OFFICE:

Woodlands

Garstang By pass Road

Cabus

Garstang

Lancashire

PR3 1PH

REGISTERED NUMBER:

00958711 (England and Wales)

ACCOUNTANTS:

Bennett Kirkhope Smith

Chartered Certified Accountants

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

FIXED ASSETS

Investment property

4

200,000

CURRENT ASSETS

Debtors

5

253

Investments

6

472,582

410,532

Cash at bank

586,976

650,888

1,059,811

1,061,673

CREDITORS

Amounts falling due within one year

7

23,772

22,067

NET CURRENT ASSETS

1,036,039

1,039,606

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,236,039

1,239,606

PROVISIONS FOR LIABILITIES

8

31,889

22,798

NET ASSETS

1,204,150

1,216,808

CAPITAL AND RESERVES

Called up share capital

9

11,550

Undistributable reserve

10

210,004

168,219

Retained earnings

982,596

1,037,039

SHAREHOLDERS' FUNDS

1,204,150

1,216,808

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2026 and were signed on its behalf by:

T Bennett - Director

L J Dickinson - Director

1.	STATUTORY INFORMATION

Preston Property Portfolio 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.

Turnover

Turnover represents rents receivable.

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 Income Statement, 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 3 (2024 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

200,000

NET BOOK VALUE

At 31 December 2025

200,000

At 31 December 2024

200,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2005

165,145

Valuation in 2014

(35,000

)

Valuation in 2020

35,000

Cost

34,855

200,000

If Freehold property had not been revalued it would have been included at the following historical cost:

31.12.25

31.12.24

£

Cost

34,855

The freehold property was valued on an open market basis basis on 5 June 2023 by Garside Waddingham .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Prepayments

253

6.	CURRENT ASSET INVESTMENTS

31.12.25

31.12.24

£

Listed investments

156,302

113,603

Unlisted investments

316,280

296,929

472,582

410,532

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Corporation tax

11,544

9,975

Directors' current accounts

11,071

8,571

Accrued expenses

1,157

3,521

23,772

22,067

8.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

Deferred tax

31,889

22,798

Deferred

tax

£

Balance at 1 January 2025

22,798

Charge to Income Statement during year

9,091

Balance at 31 December 2025

31,889

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

11,500

Ordinary

£1

11,500

50

A Ordinary

£1

50

11,550

10.

RESERVES

Undistributable

reserve

£

At 1 January 2025

168,219

Fair value transfer

46,294

Revaluation realised

(4,509

)

At 31 December 2025

210,004

11.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.