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Company No: 10524856 (England and Wales)

POPLE PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

POPLE PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

POPLE PROPERTIES LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2025
POPLE PROPERTIES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
DIRECTORS Monica Howard
Fiorello Traferri
Michael Traferri
Susan Traferri
REGISTERED OFFICE 72 Pople Street
Wymondham
NR18 0LP
United Kingdom
COMPANY NUMBER 10524856 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
POPLE PROPERTIES LIMITED

BALANCE SHEET

As at 31 March 2025
POPLE PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 1,929,130 1,934,033
1,929,130 1,934,033
Current assets
Debtors 4 1,405 1,423
Cash at bank and in hand 274,503 221,589
275,908 223,012
Creditors: amounts falling due within one year 5 ( 22,782) ( 17,563)
Net current assets 253,126 205,449
Total assets less current liabilities 2,182,256 2,139,482
Provision for liabilities ( 17,520) ( 24,231)
Net assets 2,164,736 2,115,251
Capital and reserves
Called-up share capital 6 1,729,020 1,729,020
Revaluation reserve 121,000 121,000
Profit and loss account 314,716 265,231
Total shareholders' funds 2,164,736 2,115,251

For the financial year ending 31 March 2025 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 Pople Properties Limited (registered number: 10524856) were approved and authorised for issue by the Board of Directors on 25 July 2025. They were signed on its behalf by:

Susan Traferri
Director
POPLE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
POPLE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
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

Pople 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 72 Pople Street, Wymondham, NR18 0LP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation


Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

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 the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property not depreciated
Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Investment property Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 April 2024 1,932,922 2,570 2,230 1,785 1,939,507
Additions 0 0 0 416 416
Revaluations ( 5,000) 0 0 0 ( 5,000)
At 31 March 2025 1,927,922 2,570 2,230 2,201 1,934,923
Accumulated depreciation
At 01 April 2024 0 1,757 1,932 1,785 5,474
Charge for the financial year 0 163 75 81 319
At 31 March 2025 0 1,920 2,007 1,866 5,793
Net book value
At 31 March 2025 1,927,922 650 223 335 1,929,130
At 31 March 2024 1,932,922 813 298 0 1,934,033

4. Debtors

2025 2024
£ £
Other debtors 1,405 1,423

5. Creditors: amounts falling due within one year

2025 2024
£ £
Taxation and social security 18,576 13,567
Other creditors 4,206 3,996
22,782 17,563

6. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
614,510 A ordinary shares of £ 1.00 each (2024: nil shares) 614,510 0
664,510 B ordinary shares of £ 1.00 each (2024: nil shares) 664,510 0
250,000 C ordinary shares of £ 1.00 each (2024: nil shares) 250,000 0
200,000 D ordinary shares of £ 1.00 each (2024: nil shares) 200,000 0
1,729,020 0