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Registered number: 13310897
PCP III NO.4 LIMITED
Financial statements
Information for filing with the registrar
For the year ended 31 December 2025
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PCP III NO.4 LIMITED
Registered number: 13310897
Balance sheet
As at 31 December 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 September 2026.
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D M McCann
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Page 1
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PCP III NO.4 LIMITED
Registered number: 13310897
Balance sheet (continued)
As at 31 December 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 2
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PCP III NO.4 LIMITED
Registered number: 13310897
Statement of changes in equity
For the period ended 31 December 2025
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The notes on pages 4 to 7 form part of these financial statements.
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Page 3
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PCP III NO.4 LIMITED
Notes to the financial statements
For the year ended 31 December 2025
PCP III No.4 Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 13310897 and the registered office address is 9th Floor, Ship Canal House, 98 King Street, Manchester, M2 4WU.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. On 3 June 2026, the company's loan facility agreement, which previously matured in May 2026, was extended and now matures on 13 November 2028.
Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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Significant judgements and estimates
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In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.
The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.
Determining the fair value of investment property is a key judgement.
Rental income is recognised on a straight line basis over the term of the lease. Lease incentives are recognised over the term of the lease.
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.
Page 4
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PCP III NO.4 LIMITED
Notes to the financial statements
For the year ended 31 December 2025
2.Accounting policies (continued)
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.
Financial assets that are measured at cost and amortised cost are assesed at the end of each reporting period for objective evidence of impairment.If objective evidence of impairment is found, an impairment loss is recognised in the income statement.
Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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The average monthly number of employees, including directors, during the year was 0 (2024 - 0).
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Page 5
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PCP III NO.4 LIMITED
Notes to the financial statements
For the year ended 31 December 2025
The fair value as at 31 December 2025 has been determined by the directors. The investment properties were previously valued by Colliers at £25,075,000 in November 2025.
The historic cost of the investment properties was £22,521,063 (2024: £22,429,344).
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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At the balance sheet date, the commercial property loan had an expiry of 22 May 2026 and has therefore been presented as due within one year. The loan was extended post-year end with a new maturity date of 13 November 2028. The loan is secured over the assets of the company by way of a fixed and floating charge.
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Page 6
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PCP III NO.4 LIMITED
Notes to the financial statements
For the year ended 31 December 2025
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Creditors: Amounts falling due after more than one year
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At the balance sheet date, the commercial property loan had an expiry of 22 May 2026 and has therefore been presented as due within one year. The loan was extended post-year end with a new maturity date of 13 November 2028. The loan is secured over the assets of the company by way of a fixed and floating charge.
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Page 7
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