| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| FOR |
| THE PROPERTY AND COMMODITY |
| COMPANY LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| FOR |
| THE PROPERTY AND COMMODITY |
| COMPANY LIMITED |
| THE PROPERTY AND COMMODITY |
| COMPANY LIMITED (REGISTERED NUMBER: 03507481) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 28 February 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| THE PROPERTY AND COMMODITY |
| COMPANY LIMITED |
| COMPANY INFORMATION |
| For The Year Ended 28 February 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 1 Carnegie Road |
| Newbury |
| Berkshire |
| RG14 5DJ |
| THE PROPERTY AND COMMODITY |
| COMPANY LIMITED (REGISTERED NUMBER: 03507481) |
| BALANCE SHEET |
| 28 February 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Investments | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 10 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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 PROPERTY AND COMMODITY |
| COMPANY LIMITED (REGISTERED NUMBER: 03507481) |
| BALANCE SHEET - continued |
| 28 February 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| THE PROPERTY AND COMMODITY |
| COMPANY LIMITED (REGISTERED NUMBER: 03507481) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 28 February 2025 |
| 1. | STATUTORY INFORMATION |
| The Property And Commodity Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| THE PROPERTY AND COMMODITY |
| COMPANY LIMITED (REGISTERED NUMBER: 03507481) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 28 February 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 March 2024 |
| and 28 February 2025 |
| DEPRECIATION |
| At 1 March 2024 |
| and 28 February 2025 |
| NET BOOK VALUE |
| At 28 February 2025 |
| At 29 February 2024 |
| The freehold and leasehold land and buildings were valued on an open market basis by the directors. the historical cost of the freehold and leasehold land and buildings is £655,399 (2024: £655,399). |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST OR VALUATION |
| At 1 March 2024 |
| Additions |
| At 28 February 2025 |
| NET BOOK VALUE |
| At 28 February 2025 |
| At 29 February 2024 |
| Cost or valuation at 28 February 2025 is represented by: |
| Other |
| investments |
| £ |
| Valuation in 2025 | 57,205 |
| 6. | CURRENT ASSET INVESTMENTS |
| 2025 | 2024 |
| £ | £ |
| Other |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other creditors |
| THE PROPERTY AND COMMODITY |
| COMPANY LIMITED (REGISTERED NUMBER: 03507481) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 28 February 2025 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans (see note 9) |
| 9. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2025 | 2024 |
| £ | £ |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| The loans are secured by mortgages on the company's freehold and long leasehold properties. |
| 10. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 March 2024 |
| and 28 February 2025 |