REGISTERED NUMBER: 13980420 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

P FAMILY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Dr C P Chau

REGISTERED OFFICE:

47 Vale Road

Sutton

SM1 1QH

REGISTERED NUMBER:

13980420 (England and Wales)

ACCOUNTANTS:

Prentis & Co LLP

Accountants and Business Advisers

115c Milton Road

Cambridge

CB4 1XE

FIXED ASSETS

Investment property

4

322,000

245,128

CURRENT ASSETS

Cash at bank

2

26

CREDITORS

Amounts falling due within one year

5

221,888

231,362

NET CURRENT LIABILITIES

(221,886

)

(231,336

)

TOTAL ASSETS LESS CURRENT LIABILITIES

100,114

13,792

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

100,112

13,790

100,114

13,792

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 September 2026 and were signed by:

Dr C P Chau - Director

1.	STATUTORY INFORMATION

P Family Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 financial statements have been prepared on a going concern basis. This may not be appropriate because at 31 March 2026 the company's current liabilities exceeded its current assets by £221,886 and total liabilities of the company were £221,888. The company is reliant upon the continued support of its director, bank and creditors, but there is no evidence to suggest that this will not continue and that further funds will not be provided, as necessary, to enable the company to continue as a going concern.

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 tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

245,128

Revaluations

76,872

At 31 March 2026

322,000

NET BOOK VALUE

At 31 March 2026

322,000

At 31 March 2025

245,128

Investment property is held at fair value. The director has reviewed this at the year end and considers the initial purchase price, stamp duty, legal fees and development costs incurred to date represent the fair value of the property as at 31st March 2026.

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

76,872

Cost

245,128

322,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Tax

2,217

1,986

Director's current account

218,853

228,596

Accruals

818

780

221,888

231,362

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are C P Chau and K Wu by virtue of their joint ownership of the issued ordinary share capital.