Property Legacy Investors Club Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11672330 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

PROPERTY LEGACY INVESTORS CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P J Licourinos

REGISTERED OFFICE:

22 Lily Court

Havelock Road

Wokingham

Berkshire

RG41 2YF

REGISTERED NUMBER:

11672330 (England and Wales)

ACCOUNTANTS:

Bronsens Accountants Limited

Chartered Certified Accountants

Eden House

Two Rivers Business Park

Witney

Oxfordshire

OX28 4BL

FIXED ASSETS

Tangible assets

4

1

390

CURRENT ASSETS

Debtors

5

5,569

2,572

Cash at bank

4,169

15,192

9,738

17,764

CREDITORS

Amounts falling due within one year

6

9,314

16,156

NET CURRENT ASSETS

424

1,608

TOTAL ASSETS LESS CURRENT
LIABILITIES

425

1,998

CREDITORS

Amounts falling due after more than one
year

7

-

(1,889

)

PROVISIONS FOR LIABILITIES

-

(74

)

NET ASSETS

425

35

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

424

34

SHAREHOLDERS' FUNDS

425

35

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 13 August 2026 and were signed by:

Mr P J Licourinos - Director

1.	STATUTORY INFORMATION

The nature of the company's operations and principal activity is that of management contract services for real estate. The company's principal place of business is Wokingham, Berkshire. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

25% on cost

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 December 2024

and 30 November 2025

1,560

DEPRECIATION

At 1 December 2024

1,170

Charge for year

389

At 30 November 2025

1,559

NET BOOK VALUE

At 30 November 2025

1

At 30 November 2024

390

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Other debtors

2,572

Directors' current accounts

2,997

-

5,569

2,572

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Bank loans and overdrafts

1,787

2,900

Tax

1,826

3,967

Other creditors

-

2,572

Directors' current accounts

-

16

Accrued expenses

5,701

6,701

9,314

16,156

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.11.25

30.11.24

£

Bank loans - 2-5 years

-

1,889

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

30.11.25

30.11.24

£

Mr P J Licourinos

Balance outstanding at start of year

(16

)

9,731

Amounts advanced

9,965

4,215

Amounts repaid

(6,952

)

(13,962

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

2,997

(16

)