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Company No: 01377455 (England and Wales)

POOLE PROPERTIES LIMITED

Annual Report and Unaudited Financial Statements
For the financial year ended 30 June 2024

POOLE PROPERTIES LIMITED

Annual Report and Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

POOLE PROPERTIES LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2024
POOLE PROPERTIES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2024
DIRECTORS D G Burt
L V Hayward
S J O Isaac-Bore
SECRETARY D G Burt
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 01377455 (England and Wales)
POOLE PROPERTIES LIMITED

DIRECTORS' REPORT

For the financial year ended 30 June 2024
POOLE PROPERTIES LIMITED

DIRECTORS' REPORT (continued)

For the financial year ended 30 June 2024

The directors present their annual report and the unaudited financial statements of the company for the financial year ended 30 June 2024.

DIRECTORS

The directors, who served during the financial year and to the date of this report except as noted, were as follows:

D G Burt
L V Hayward
S J O Isaac-Bore

This Directors' Report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption provided by section 415A of the Companies Act 2006.



Approved by the Board of Directors and signed on its behalf by:

D G Burt
Director
22 Chancery Lane
London
WC2A 1LS
United Kingdom

28 October 2024

POOLE PROPERTIES LIMITED

PROFIT AND LOSS ACCOUNT

For the financial year ended 30 June 2024
POOLE PROPERTIES LIMITED

PROFIT AND LOSS ACCOUNT (continued)

For the financial year ended 30 June 2024
2024 2023
£ £
Administrative expenses ( 134,632) ( 136,016)
Operating loss ( 134,632) ( 136,016)
Income from shares in a Group undertaking 0 146,602
Income from other fixed asset investments 600,027 615,882
Other non-operating income/(loss) 3 742,751 ( 407,273)
Profit before interest and taxation 1,208,146 219,195
Interest receivable and similar income 7,171 1,178
Profit before taxation 1,215,317 220,373
Tax on profit 4 ( 205,617) 8,945
Profit for the financial year 1,009,700 229,318
POOLE PROPERTIES LIMITED

STATEMENT OF COMPREHENSIVE INCOME

For the financial year ended 30 June 2024
POOLE PROPERTIES LIMITED

STATEMENT OF COMPREHENSIVE INCOME (continued)

For the financial year ended 30 June 2024
2024 2023
£ £
Profit for the financial year 1,009,700 229,318
Other comprehensive income 0 0
Total comprehensive income for the financial year 1,009,700 229,318
POOLE PROPERTIES LIMITED

BALANCE SHEET

As at 30 June 2024
POOLE PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Investments 5 12,994,197 12,185,380
12,994,197 12,185,380
Current assets
Debtors 6 11,352 31,919
Cash at bank and in hand 245,103 273,147
256,455 305,066
Creditors: amounts falling due within one year 7 ( 45,380) ( 22,656)
Net current assets 211,075 282,410
Total assets less current liabilities 13,205,272 12,467,790
Provision for liabilities ( 204,537) ( 37,791)
Net assets 13,000,735 12,429,999
Capital and reserves
Called-up share capital 3,926 3,926
Share premium account 3,967,690 3,967,690
Capital redemption reserve 1,074 1,074
Profit and loss account 9,028,045 8,457,309
Total shareholders' funds 13,000,735 12,429,999

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Poole Properties Limited (registered number: 01377455) were approved and authorised for issue by the Board of Directors on 28 October 2024. They were signed on its behalf by:

D G Burt
Director
POOLE PROPERTIES LIMITED

STATEMENT OF CHANGES IN EQUITY

For the financial year ended 30 June 2024
POOLE PROPERTIES LIMITED

STATEMENT OF CHANGES IN EQUITY (continued)

For the financial year ended 30 June 2024
Called-up share capital Share premium account Capital redemption reserve Profit and loss account Total
£ £ £ £ £
At 01 July 2022 3,926 3,967,690 1,074 8,666,955 12,639,645
Profit for the financial year 0 0 0 229,318 229,318
Total comprehensive income 0 0 0 229,318 229,318
Dividends paid on equity shares 0 0 0 ( 438,964) ( 438,964)
At 30 June 2023 3,926 3,967,690 1,074 8,457,309 12,429,999
At 01 July 2023 3,926 3,967,690 1,074 8,457,309 12,429,999
Profit for the financial year 0 0 0 1,009,700 1,009,700
Total comprehensive income 0 0 0 1,009,700 1,009,700
Dividends paid on equity shares 0 0 0 ( 438,964) ( 438,964)
At 30 June 2024 3,926 3,967,690 1,074 9,028,045 13,000,735
POOLE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
POOLE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Poole Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Interest income

Interest on deposits and fixed interest securities are accounted for on an accruals basis.

Dividend income

Dividends are accounted for on an ex-dividend accruals basis.

Taxation

Current tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generate taxable income.

Deferred tax
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that they net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Financial instruments

Financial instruments are classified and accounted for, accoridng to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.

Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Ordinary share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Interim dividends to the company's shareholders are recognised once they are paid. Final dividends to the company's shareholders are recognised in the reporting period in which the dividends are approved by the shareholders.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 3 3

3. Other non-operating income

2024 2023
£ £
Gain/(loss) on disposals of listed investments 26,571 (152,618)
Gain/(loss) on revaluation of listed investments at fair value through profit or loss 716,180 (254,655)
742,751 (407,273)

4. Taxation

As shown on page 3 of the financial statements, there is a taxation expense for the year of £205,617. This includes a charge to corporation tax of £38,871, which is the tax due on taxable investment income and gains. There is also a charge of £166,746, which represents the increase in the deferred tax liability being an estimate of the corporation tax payable on a notional disposal of the investment portfolio at its year-end value.

5. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 July 2023 100
At 30 June 2024 100
Carrying value at 30 June 2024 100
Carrying value at 30 June 2023 100

Listed investments Total
£ £
Cost or valuation before impairment
At 01 July 2023 12,185,280 12,185,280
Additions 1,150,374 1,150,374
Disposals ( 1,057,737) ( 1,057,737)
Movement in fair value 716,180 716,180
At 30 June 2024 12,994,097 12,994,097
Carrying value at 30 June 2024 12,994,097 12,994,097
Carrying value at 30 June 2023 12,185,280 12,185,280

6. Debtors

2024 2023
£ £
Prepayments 11,352 10,968
Other taxation and social security 0 20,951
11,352 31,919

7. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to group undertakings 100 100
Corporation tax 20,563 0
Other creditors 24,717 22,556
45,380 22,656