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REGISTERED NUMBER: 08705450 (England and Wales)



















PDL ESTATES (BLOOMSBURY) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






PDL ESTATES (BLOOMSBURY) LIMITED (REGISTERED NUMBER: 08705450)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


PDL ESTATES (BLOOMSBURY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr D Purewal
Mrs P Purewal





REGISTERED OFFICE: 81 Burton Road
Derby
Derbyshire
DE1 1TJ





REGISTERED NUMBER: 08705450 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

PDL ESTATES (BLOOMSBURY) LIMITED (REGISTERED NUMBER: 08705450)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,449 1,704
Investment property 5 360,000 400,000
361,449 401,704

CURRENT ASSETS
Debtors 6 1,814 23,420
Cash at bank and in hand 4,436 1,140
6,250 24,560
CREDITORS
Amounts falling due within one year 7 28,239 39,266
NET CURRENT LIABILITIES (21,989 ) (14,706 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

339,460

386,998

CREDITORS
Amounts falling due after more than one
year

8

(202,533

)

(211,650

)

PROVISIONS FOR LIABILITIES (19,089 ) (23,320 )
NET ASSETS 117,838 152,028

CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 56,182 92,015
Retained earnings 61,654 60,011
SHAREHOLDERS' FUNDS 117,838 152,028

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

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

PDL ESTATES (BLOOMSBURY) LIMITED (REGISTERED NUMBER: 08705450)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 July 2025 and were signed on its behalf by:





Mr D Purewal - Director


PDL ESTATES (BLOOMSBURY) LIMITED (REGISTERED NUMBER: 08705450)

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


1. STATUTORY INFORMATION

PDL Estates (Bloomsbury) 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 represents the total amount of rents receivable by the company for the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

PDL ESTATES (BLOOMSBURY) LIMITED (REGISTERED NUMBER: 08705450)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024
and 31 December 2024 5,782
DEPRECIATION
At 1 January 2024 4,078
Charge for year 255
At 31 December 2024 4,333
NET BOOK VALUE
At 31 December 2024 1,449
At 31 December 2023 1,704

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 400,000
Impairments (40,000 )
At 31 December 2024 360,000
NET BOOK VALUE
At 31 December 2024 360,000
At 31 December 2023 400,000

The investment property is on a 125 year lease which commenced on 1 January 2002.

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 360,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 285,091 285,091

Investment property was valued on an open market basis on 31 December 2024 by the directors .

PDL ESTATES (BLOOMSBURY) LIMITED (REGISTERED NUMBER: 08705450)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 108 1,238
Other debtors - 20,000
Prepayments and accrued income 1,706 2,182
1,814 23,420

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,715 6,715
Corporation tax 430 273
Social security and other taxes 187 375
Other creditors 2,601 3,100
Directors' current accounts 1,289 15,539
Accruals and deferred income 17,017 13,264
28,239 39,266

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 20,726 22,429
Bank loans >5 yr (instalments) 181,807 189,221
202,533 211,650

Amounts falling due in more than five years:

Repayable by instalments
Bank loans >5 yr (instalments) 181,807 189,221

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 209,248 218,365

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

PDL ESTATES (BLOOMSBURY) LIMITED (REGISTERED NUMBER: 08705450)

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


11. RESERVES
Fair
value
reserve
£   
At 1 January 2024 92,015
Transfer (35,833 )

At 31 December 2024 56,182

12. RELATED PARTY DISCLOSURES

Included in current assets/liabilities is a loan from/to the directors which has no fixed repayment terms and is interest free.