PTP Accounts Production v24.3.2.46 08055140 Board of Directors 1.9.23 31.8.24 31.8.24 0 0 false true false false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080551402023-08-31080551402024-08-31080551402023-09-012024-08-31080551402022-08-31080551402022-09-012023-08-31080551402023-08-3108055140ns15:EnglandWales2023-09-012024-08-3108055140ns14:PoundSterling2023-09-012024-08-3108055140ns10:Director12023-09-012024-08-3108055140ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3108055140ns10:SmallEntities2023-09-012024-08-3108055140ns10:AuditExemptWithAccountantsReport2023-09-012024-08-3108055140ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3108055140ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3108055140ns10:FullAccounts2023-09-012024-08-3108055140ns10:Director22023-09-012024-08-3108055140ns10:RegisteredOffice2023-09-012024-08-3108055140ns5:CurrentFinancialInstruments2024-08-3108055140ns5:CurrentFinancialInstruments2023-08-3108055140ns5:ShareCapital2024-08-3108055140ns5:ShareCapital2023-08-3108055140ns5:RevaluationReserve2024-08-3108055140ns5:RevaluationReserve2023-08-3108055140ns5:RetainedEarningsAccumulatedLosses2024-08-3108055140ns5:RetainedEarningsAccumulatedLosses2023-08-3108055140ns5:LandBuildings2023-08-3108055140ns5:LandBuildings2024-08-3108055140ns5:LandBuildings2023-08-3108055140ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3108055140ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3108055140ns5:RevaluationReserve2023-08-31
REGISTERED NUMBER: 08055140 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 August 2024

for

Pedro's Properties Limited

Pedro's Properties Limited (Registered number: 08055140)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Pedro's Properties Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: P Fernback
A S Patterson





REGISTERED OFFICE: The Beechwood Centre
40 Lower Gravel Rd
Bromley
Kent
BR2 8GP





REGISTERED NUMBER: 08055140 (England and Wales)






Pedro's Properties Limited (Registered number: 08055140)

Report of the Directors
for the Year Ended 31 August 2024

The directors present their report with the financial statements of the company for the year ended 31 August 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of buying and renting of own property.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 September 2023 to the date of this report.

P Fernback
A S Patterson

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P Fernback - Director


30 January 2025

Pedro's Properties Limited (Registered number: 08055140)

Income Statement
for the Year Ended 31 August 2024

31.8.24 31.8.23
£    £   

TURNOVER 45,735 42,576

Cost of sales 37,561 27,811
GROSS PROFIT 8,174 14,765

Administrative expenses 353 128
OPERATING PROFIT and
PROFIT BEFORE TAXATION 7,821 14,637

Tax on profit 2,011 2,781
PROFIT FOR THE FINANCIAL YEAR 5,810 11,856

Pedro's Properties Limited (Registered number: 08055140)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 409,141 409,141

CURRENT ASSETS
Debtors 5 5,751 6,751
Cash at bank 33,557 26,423
39,308 33,174
CREDITORS
Amounts falling due within one year 6 134,832 134,508
NET CURRENT LIABILITIES (95,524 ) (101,334 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,617

307,807

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 7 61,000 61,000
Retained earnings 252,615 246,805
SHAREHOLDERS' FUNDS 313,617 307,807

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:




P Fernback - Director


Pedro's Properties Limited (Registered number: 08055140)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Pedro's Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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
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 NIL (2023 - NIL).

Pedro's Properties Limited (Registered number: 08055140)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 September 2023
and 31 August 2024 409,141
NET BOOK VALUE
At 31 August 2024 409,141
At 31 August 2023 409,141

Cost or valuation at 31 August 2024 is represented by:

Land and
buildings
£   
Valuation in 2024 61,000
Cost 348,141
409,141

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 329 804
Other debtors 5,422 5,947
5,751 6,751

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 6,792 5,245
Taxation and social security 1,961 2,781
Other creditors 126,079 126,482
134,832 134,508

7. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 61,000

Pedro's Properties Limited (Registered number: 08055140)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. RELATED PARTY DISCLOSURES

At the year end Pedro's Properties Ltd was owed the following amounts from related parties;

Company 2024 2023
Blue Marlin Ltd 2,676 2,008


At the year end Pedro's Properties Ltd owed the following amounts from related parties;

Company 2024 2023
Brighton & Hove Pub Co Ltd 108,000 108,000