| PC & AC INVESTMENTS LIMITED |
| Registered number: |
12273854 |
| Balance Sheet |
| as at 31 October 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investment Properties |
3 |
|
|
1,304,372 |
|
|
908,731 |
|
| Current assets |
| Debtors |
4 |
|
4,423 |
|
|
3,273 |
| Cash at bank and in hand |
|
|
1,744 |
|
|
158,430 |
|
|
|
6,167 |
|
|
161,703 |
|
| Creditors: amounts falling due within one year |
5 |
|
(177,158) |
|
|
(205,265) |
|
| Net current liabilities |
|
|
|
(170,991) |
|
|
(43,562) |
|
| Total assets less current liabilities |
|
|
|
1,133,381 |
|
|
865,169 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(1,043,961) |
|
|
(777,808) |
|
| Provisions for liabilities |
|
|
|
(15,691) |
|
|
(15,691) |
|
|
| Net assets |
|
|
|
73,729 |
|
|
71,670 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Revaluation reserve |
8 |
|
|
66,896 |
|
|
66,896 |
| Profit and loss account |
|
|
|
6,831 |
|
|
4,772 |
|
| Shareholders' funds |
|
|
|
73,729 |
|
|
71,670 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| Sandip Surendra Chauhan |
| Director |
| Approved by the board on 15 October 2026 |
|
| PC & AC INVESTMENTS LIMITED |
| Notes to the Accounts |
| for the year ended 31 October 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover comprises of rental income from tenants of the company's investment properties. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease. |
|
|
Investment properties |
|
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account. |
|
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investment Property |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Fair value |
|
At 1 November 2024 |
908,731 |
|
Additions |
395,641 |
|
At 31 October 2025 |
1,304,372 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2025 |
1,304,372 |
|
At 31 October 2024 |
908,731 |
|
|
|
|
|
|
|
|
|
|
If investment property had been accounted for under historical cost accounting rules, the amounts would be: |
|
|
|
|
|
|
|
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
826,144 |
|
826,144 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
826,144 |
|
826,144 |
|
Investment properties comprises freehold land and buildings. No depreciation is provided in respect of these properties. |
|
The fair value of the properties has been arrived at on the basis of a valuation provided by directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. |
|
The directors have confirmed all the properties are reflected at fair value based on market evidence of transaction prices to similar properties and their rental yields. |
|
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
4,423 |
|
3,273 |
|
|
|
|
|
|
4,423 |
|
3,273 |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Accruals |
- |
|
18,147 |
|
Trade creditors |
2,799 |
|
- |
|
Taxation and social security costs |
1,571 |
|
1,088 |
|
Other creditors |
172,788 |
|
186,030 |
|
|
|
|
|
|
177,158 |
|
205,265 |
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
1,043,961 |
|
776,208 |
|
Trade creditors |
- |
|
1,600 |
|
|
|
|
|
|
1,043,961 |
|
777,808 |
|
|
|
|
|
|
|
|
|
|
Bank loans represents outstanding mortgages which are secured against relevant investment properties. |
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
643,800 |
|
643,800 |
|
|
|
|
|
|
|
|
|
|
The loan is secured by a legal mortgage over the company’s investment properties to which it relates. |
|
The loan agreement includes a negative pledge, which restricts the company from creating additional security interests over its assets without prior consent from the lender. |
|
| 8 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 November 2024 |
66,896 |
|
66,896 |
|
|
At 31 October 2025 |
66,896 |
|
66,896 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Other information |
|
|
PC & AC INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
20 Franklin Way |
|
Whetstone |
|
Leicester |
|
Leicestershire |
|
LE8 6QY |