Financial Statements/Continued
Consolidated balance sheet as at 31 March 2023
2023 £000
2022 £000
Notes
Non-current assets Investment properties
746,342 3,415
13 14
830,027
Property, plant and equipment
4,383
Total non-current assets
749,757
834,410
Current assets Accounts receivable
22,749 20,050
15 16
22,850 38,547
Cash and cash equivalents
Total current assets
42,799
61,397
Total assets
792,556
895,807
Current liabilities Accounts payable and accruals Loans and borrowings Obligations under leases
(19,471) (1,129)
17 18 22
(19,138) (1,068)
(114)
(114)
Total current liabilities
(20,714)
(20,320)
Non-current liabilities Loans and borrowings Obligations under leases
(221,635) (215,764)
18 22
(2,583)
(2,593)
Total non-current liabilities
(224,218) (218,357)
Total liabilities
(244,932) (238,677)
Net assets
547,624
657,130
Equity Share capital
164,400 384,406
20
164,400 493,027
Retained earnings Other reserves Revaluation reserve
(1,182)
(731) 434
–
Total equity
547,624
657,130
Net asset value per share
100p
23
120p
These consolidated financial statements were approved by the Board of Directors on 24 May 2023 and signed on its behalf by: Andrew Dewhirst Director 24 May 2023 Notes 1 to 27 form part of these consolidated financial statements.
134
Picton Property Income Limited Annual Report 2023
Powered by FlippingBook