Registration number: 13075497

Pilkington Properties (Morecambe) Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Pilkington Properties (Morecambe) Ltd

Company Information

Director

T Pilkington

Company secretary

T Pilkington

Registered office

Lowther House Lowther Street Kendal LA9 4DX

Pilkington Properties (Morecambe) Ltd

(Registration number: 13075497)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	132,663	132,663
Current assets
Cash at bank and in hand		17,245	10,715
Creditors: Amounts falling due within one year	7	(35,293)	(34,090)
Net current liabilities		(18,048)	(23,375)
Total assets less current liabilities		114,615	109,288
Creditors: Amounts falling due after more than one year	7	(107,535)	(107,535)
Net assets		7,080	1,753
Capital and reserves
Retained earnings		7,080	1,753
Shareholders' funds		7,080	1,753

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 September 2026
 

......................................... T Pilkington Company secretary and director

Pilkington Properties (Morecambe) Ltd

Notes to the Unaudited Financial Statements for the year ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Lowther House
Lowther Street
Kendal
LA9 4DX

These financial statements were authorised for issue by the director on 11 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

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Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of turnover can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Pilkington Properties (Morecambe) Ltd

Notes to the Unaudited Financial Statements for the year ended 31 December 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Land and buildings	Not depreciated

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

4

Taxation

Tax charged/(credited) in the profit and loss account

Pilkington Properties (Morecambe) Ltd

Notes to the Unaudited Financial Statements for the year ended 31 December 2025

	2025 £	2024 £
Current taxation
UK corporation tax	1,249	411

5	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 January 2025	132,663	132,663
At 31 December 2025	132,663	132,663
Depreciation
Carrying amount
At 31 December 2025	132,663	132,663
At 31 December 2024	132,663	132,663

Included within the net book value of land and buildings above is £132,663 (2024 - £132,663) in respect of freehold land and buildings.
 

6

Debtors

Current	2025 £	2024 £
	-	-

Pilkington Properties (Morecambe) Ltd

Notes to the Unaudited Financial Statements for the year ended 31 December 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	3,440	3,440
Taxation and social security		1,249	411
Accruals and deferred income		970	916
Other creditors		29,634	29,323
		35,293	34,090

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	107,535	107,535

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Shares of £1 each	1	1	1	1

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	107,535	107,535

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	3,440	3,440

Bank borrowings

Pilkington Properties (Morecambe) Ltd

Notes to the Unaudited Financial Statements for the year ended 31 December 2025

Bank borrowings is denominated in GBP with a nominal interest rate of Fixed at 3.1%, and the final instalment is due on 2 June 2026. The carrying amount at year end is £Nil (2024 - £110,975). The borrowings are secured on the property.