Governance
Financial Statements
Additional Information
Strategic Report
Consolidated balance sheet as at 31 March 2024
2024 £000
2023 £000
Notes
Non-current assets Investment properties
688,310 3,499
13 14
746,342
Property, plant and equipment
3,415
Total non-current assets
691,809
749,757
Current assets Investment properties held for sale
35,733 26,601 19,773
13 15 16
–
Accounts receivable Cash and cash equivalents
22,749 20,050
Total current assets
82,107
42,799
Total assets
773,916
792,556
Current liabilities Accounts payable and accruals Loans and borrowings Obligations under leases
(20,622) (1,194)
17 18 22
(19,471) (1,129)
(114)
(114)
Total current liabilities
(21,930)
(20,714)
Non-current liabilities Loans and borrowings Obligations under leases
18 (224,940) (221,635)
(2,571)
22
(2,583)
Total non-current liabilities
(227,511) (224,218)
Total liabilities
(249,441) (244,932)
Net assets
524,475
547,624
Equity Share capital
164,400 360,528
20
164,400 384,406
Retained earnings Other reserves Revaluation reserve
(453)
(1,182)
–
–
Total equity
524,475
547,624
Net asset value per share 100p These consolidated financial statements were approved by the Board of Directors on 22 May 2024 and signed on its behalf by: Saira Johnston Chief Financial Officer 22 May 2024 Notes 1 to 27 form part of these consolidated financial statements. 23 96p
Picton Property Income Limited / Annual Report 2024
137
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