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Registered number: 01905586
Pedoulas Estates Limited
Financial Statements
For The Year Ended 30 September 2024
C.Charles & Co Limited
Chartered Certified Accountants
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 01905586
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,182,582 2,181,484
Investments 5 614,452 614,452
2,797,034 2,795,936
CURRENT ASSETS
Debtors 6 54,429 34,394
Cash at bank and in hand 121,988 131,809
176,417 166,203
Creditors: Amounts Falling Due Within One Year 7 (765,499 ) (662,901 )
NET CURRENT ASSETS (LIABILITIES) (589,082 ) (496,698 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,207,952 2,299,238
Creditors: Amounts Falling Due After More Than One Year 8 (458,853 ) (536,807 )
NET ASSETS 1,749,099 1,762,431
CAPITAL AND RESERVES
Called up share capital 9 2,042,861 2,042,861
Revaluation reserve 10 (297,477 ) (297,477 )
Income Statement 3,715 17,047
SHAREHOLDERS' FUNDS 1,749,099 1,762,431
Page 1
Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mrs Marianna Katsoulis
Director
Mrs Lara Stavrinou
Director
Mrs Joanna Campos de Pinho
Director
Mr Neophytos Tsangarides
Director
10 June 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pedoulas Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01905586 . The registered office is 105 Seven Sisters Road, London, N7 7QR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold At variable rates on reducing balance
Leasehold At variable rates on reducing balance
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Leasehold Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 2,174,213 981,929 129,603 3,285,745
Additions - - 2,668 2,668
As at 30 September 2024 2,174,213 981,929 132,271 3,288,413
Depreciation
As at 1 October 2023 - 981,929 122,332 1,104,261
Provided during the period - - 1,570 1,570
As at 30 September 2024 - 981,929 123,902 1,105,831
Net Book Value
As at 30 September 2024 2,174,213 - 8,369 2,182,582
As at 1 October 2023 2,174,213 - 7,271 2,181,484
5. Investments
Associates
£
Cost
As at 1 October 2023 614,452
As at 30 September 2024 614,452
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 614,452
As at 1 October 2023 614,452
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 26,539 31,571
Prepayments and accrued income 27,890 2,823
54,429 34,394
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 31,028 64,752
Corporation tax 21,905 30,588
Other creditors 12,968 22,383
Accruals 5,280 6,204
Amounts owed to group undertakings 694,318 538,974
765,499 662,901
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 458,853 536,807
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,042,861 2,042,861
10. Reserves
Revaluation Reserve
£
As at 1 October 2023 (297,477 )
As at 30 September 2024 (297,477 )
Page 5