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REGISTERED NUMBER: 04141776 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PENDRAGON PROPERTY DEVELOPMENTS LIMITED

PENDRAGON PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04141776)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENDRAGON PROPERTY DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: S P Merchant
A Merchant





SECRETARY: A J Merchant





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 04141776 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

PENDRAGON PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04141776)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,150 7,596

CURRENT ASSETS
Stocks 5 2,246,757 2,905,056
Debtors 6 976,455 1,101,644
Cash at bank 376,241 376,791
3,599,453 4,383,491
CREDITORS
Amounts falling due within one year 7 1,126,561 1,654,179
NET CURRENT ASSETS 2,472,892 2,729,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,479,042

2,736,908

CREDITORS
Amounts falling due after more than one year 8 (959,090 ) (992,290 )

PROVISIONS FOR LIABILITIES 10 - (1,419 )
NET ASSETS 1,519,952 1,743,199

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 1,519,950 1,743,197
SHAREHOLDERS' FUNDS 1,519,952 1,743,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PENDRAGON PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04141776)

BALANCE SHEET - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





A Merchant - Director


PENDRAGON PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04141776)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Pendragon Property Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the sale of land and property.

Sales are recognised as turnover when contracts between the company and the buyer have been exchanged.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure including transaction costs. Net realisable value is defined as the estimated selling price less costs to complete and sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

PENDRAGON PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04141776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 42,497
Additions 2,045
At 31 January 2024 44,542
DEPRECIATION
At 1 February 2023 34,901
Charge for year 3,491
At 31 January 2024 38,392
NET BOOK VALUE
At 31 January 2024 6,150
At 31 January 2023 7,596

5. STOCKS
31.1.24 31.1.23
£    £   
Stocks 2,246,757 2,905,056

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 976,455 1,101,644

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 33,200 33,200
Trade creditors 47,700 6,445
Taxation and social security 1,286 28,236
Other creditors 1,044,375 1,586,298
1,126,561 1,654,179

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 959,090 992,290

PENDRAGON PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04141776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 992,290 1,025,490

The company's bankers hold fixed and floating charges over certain properties that the company hold as stock.

10. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax - 1,419

Deferred
tax
£   
Balance at 1 February 2023 1,419
Provided during year (1,419 )
Balance at 31 January 2024 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary £1 2 2

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Director
Balance outstanding at start of year (661,066 ) (429,016 )
Amounts advanced 364,610 41,921
Amounts repaid (81,633 ) (273,971 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (378,089 ) (661,066 )

Director
Balance outstanding at start of year 1,061 -
Amounts advanced 1,008 1,061
Amounts repaid (1,060 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,009 1,061

PENDRAGON PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04141776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Interest accrues on the balance owed to a director at a rate of 5% above base rate per annum.

The balance due from a director is interest free.

13. RELATED PARTY DISCLOSURES

At the year end £378,089 was owed to a shareholder (2023 - £661,066). Interest accrues on the balance at a rate of 5% above base rate per annum.