Financial Statements
Strategic Report
Additional Information
Governance
Consolidated balance sheet as at 31 March 2022
2022 £000
2021 £000
Notes
Non-current assets Investment properties
13 830,027 665,418
4,383
Property, plant and equipment
14
4,111
Total non-current assets
834,410 669,529
Current assets Accounts receivable
22,850 38,547
15 16
19,584 23,358
Cash and cash equivalents
Total current assets
61,397
42,942
Total assets
895,807 712,471
Current liabilities Accounts payable and accruals Loans and borrowings Obligations under leases
(19,138) (18,805)
17 18 22
(1,068) (114)
(944) (107)
Total current liabilities
(20,320) (19,856)
Non-current liabilities Loans and borrowings Obligations under leases
18 (215,764) (162,711)
(2,593)
22
(1,707)
Total non-current liabilities
(218,357) (164,418)
Total liabilities
(238,677) (184,274)
Net assets
657,130 528,197
Equity Share capital
20 164,400 164,400 493,027 364,466
Retained earnings Other reserves Revaluation reserve
(731) 434
(669)
–
Total equity
657,130 528,197
Net asset value per share 97p These consolidated financial statements were approved by the Board of Directors on 25 May 2022 and signed on its behalf by: Andrew Dewhirst Director 25 May 2022 Notes 1 to 27 form part of these consolidated financial statements. 23 120p
Picton Property Income Limited Annual Report 2022
119
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