REGISTERED NUMBER: 11603219 (England and Wales)

PITKIN PROPERTIES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

Miss C J O'Neill

M Brough

Registered office:

17 Prestwich Park Road South

Prestwich

Manchester

M25 9PF

Registered number:

11603219 (England and Wales)

Accountants:

Roberts & Co

Chartered Accountants

2 Tower House

Hoddesdon

Hertfordshire

EN11 8UR

Fixed assets

Investment property

4

2,084,378

1,496,733

Current assets

Cash at bank

7,390

11,925

Creditors

Amounts falling due within one year

5

859,354

568,274

Net current liabilities

(851,964

)

(556,349

)

Total assets less current liabilities

1,232,414

940,384

Creditors

Amounts falling due after more than one year

6

(1,241,139

)

(997,782

)

Provisions for liabilities

(82,348

)

(51,531

)

Net liabilities

(91,073

)

(108,929

)

Capital and reserves

Called up share capital

7

100

100

Retained earnings

(91,173

)

(109,029

)

Shareholders' funds

(91,073

)

(108,929

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 23 September 2026 and were signed on its behalf by:

Miss C J O'Neill - Director

M Brough - Director

1.	Statutory information

Pitkin Properties 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.

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

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.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

4.	Investment property

Total

£

Fair value

At 1 November 2024

1,496,733

Additions

464,378

Revaluations

123,267

At 31 October 2025

2,084,378

Net book value

At 31 October 2025

2,084,378

At 31 October 2024

1,496,733

Fair value at 31 October 2025 is represented by:

£

Valuation in 2024

206,125

Valuation in 2025

123,268

Cost

1,754,985

2,084,378

5.

Creditors: amounts falling due within one year

2025

2024

£

£

Other creditors

859,354

568,274

6.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

1,241,139

997,782

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,241,139

997,782

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

8.	Related party disclosures

During the year, the Company received an interest free loan from Northwood Executive Search Ltd, a Company incorporated in the UK under the common control of Mr M Brough, a Director of Pitkin Properties Ltd. At the balance sheet date, the amount outstanding owed to Northwood Executive Search Ltd was £339,332 (2024 £276,482). The loan is unsecured, interest free and repayable on demand.

Miss C J O'Neill, a Director of the Company, has provided the Company with a loan. At the balance sheet date, the amount outstanding owed to Miss C J O'Neill was £516,074 (2024 £290,110). The loan is unsecured, interest free and repayable on demand.