REGISTERED NUMBER: 11673673 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

PETER GRICE PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P R Grice

REGISTERED OFFICE:

Kingsland Farm

229 March Road Coates

Whittlesey

Peterborough

Cambridgeshire

PE7 2DE

REGISTERED NUMBER:

11673673 (England and Wales)

ACCOUNTANTS:

TC Group

1st Floor

5-7 Portugal Place

Cambridge

Cambridgeshire

CB5 8AF

FIXED ASSETS

Investment property

5

380,000

130,000

CURRENT ASSETS

Debtors

6

571

7,521

Cash and cash equivalents

4,500

2,414

5,071

9,935

CREDITORS

Amounts falling due within one year

7

(185,934

)

(90,634

)

NET CURRENT LIABILITIES

(180,863

)

(80,699

)

TOTAL ASSETS LESS CURRENT LIABILITIES

199,137

49,301

CREDITORS

Amounts falling due after more than one year

8

(270,180

)

(61,815

)

NET LIABILITIES

(71,043

)

(12,514

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Revaluation reserve

11

(65,618

)

(18,107

)

Retained earnings

(5,525

)

5,493

SHAREHOLDERS' FUNDS

(71,043

)

(12,514

)

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2026 and were signed by:

P R Grice - Director

1.	STATUTORY INFORMATION

Peter Grice 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.

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

At the balance sheet date liabilities exceeded assets by £71,043 (2024: £12,514). The financial statements have been prepared on a going concern basis as the company continues to receive the support of the director where required to ensure it meets all liabilities as they fall due.

Turnover

Turnover is derived from rental income due for the year under review. Rental income is there recognised on an accruals basis.

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.

Financial instruments

Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

4.	EMPLOYEES AND DIRECTORS

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

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

130,000

Additions

297,511

Revaluations

(47,511

)

At 30 November 2025

380,000

NET BOOK VALUE

At 30 November 2025

380,000

At 30 November 2024

130,000

Fair value at 30 November 2025 is represented by:

£

Valuation in 2024

(18,107

)

Valuation in 2025

(47,511

)

Cost

445,618

380,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

445,617

148,107

Investment properties were valued at their fair value by Mr P Grice, the director of the company. Although Mr Grice is not a professionally qualified valuer he does have considerable experience in the location and class of investment property being revalued.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

571

199

Other debtors

-

7,322

571

7,521

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,215

6,850

Trade creditors

-

2,472

Taxation and social security

1,045

2,416

Other creditors

177,674

78,896

185,934

90,634

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

270,180

61,815

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

237,673

30,767

9.	SECURED DEBTS

Bank loans are secured by way of a fixed and floating charge over the assets of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Revaluation

reserve

£

At 1 December 2024

(18,107

)

Revaluation

(47,511

)

At 30 November 2025

(65,618

)

12.	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:

2025

2024

£

£

P R Grice

Balance outstanding at start of year

-

-

Amounts advanced

-

1,000

Amounts repaid

(84,000

)

(1,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(84,000

)

-

13.	RELATED PARTY DISCLOSURES

At the balance sheet date an amount of £91,996 (2024: £78,896) was due to an associated company related to the director and is disclosed within other creditors.

At the balance sheet date an amount of £1,678 (2024: (£7,322)) was due to an associated entity related to the director and is disclosed within other creditors.