Pixal Property Ltd - Period Ending 2023-03-31

Pixal Property Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 5

Pixal Property Ltd

Company Information

Director

Mr Steven John Perry

Registered office

18 Beacon Crescent Hindhead Surrey GU26 6UG

Pixal Property Ltd

(Registration number: 11087345)
Balance Sheet as at 31 March 2023

	Note	2023 £	2022 £
Fixed assets
Tangible assets	2	1,612	-
Investment property	3	1,041,106	250,000
		1,042,718	250,000
Current assets
Debtors	4	263,982	100
Cash at bank and in hand		273,700	174,981
		537,682	175,081
Creditors: Amounts falling due within one year	5	(6,090)	(14,609)
Net current assets		531,592	160,472
Total assets less current liabilities		1,574,310	410,472
Creditors: Amounts falling due after more than one year	5	(1,545,926)	(319,824)
Provisions for liabilities		-	(10,628)
Net assets		28,384	80,020
Capital and reserves
Called up share capital		100	100
Revaluation reserve		-	45,307
Retained earnings		28,284	34,613
Shareholders' funds		28,384	80,020

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 8 December 2023
 

Pixal Property Ltd

(Registration number: 11087345)
Balance Sheet as at 31 March 2023 (continued)

......................................... Mr Steven John Perry Director

Pixal Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

2	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
Additions	2,150	2,150
At 31 March 2023	2,150	2,150
Depreciation
Charge for the year	538	538
At 31 March 2023	538	538
Carrying amount
At 31 March 2023	1,612	1,612

3	Investment properties

	2023 £
At 1 April	250,000
Additions	851,106
Fair value adjustments	(60,000)
At 31 March	1,041,106

There has been no valuation of investment property by an independent valuer.

4

Debtors

Current	2023 £	2022 £
Other debtors	263,982	100

Pixal Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

5

Creditors

Creditors: amounts falling due within one year

	Note	2023 £	2022 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest		-	6,940
Taxation and social security		284	1,802
Accruals and deferred income		806	866
Other creditors		5,000	5,001
		6,090	14,609

Creditors: amounts falling due after more than one year

	Note	2023 £	2022 £
Due after one year
Loans and borrowings		1,545,926	319,824