Company Registration No. 00814850 (England and Wales)
PEDLEY PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
5 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
Vivian House
Newham Road
Truro
Cornwall
United Kingdom
TR1 2DP
PEDLEY PROPERTIES LIMITED
CONTENTS
Page
Company information
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
PEDLEY PROPERTIES LIMITED
BALANCE SHEET
AS AT
5 APRIL 2025
05 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
300,000
300,000
Investments
4
84,338
82,640
384,338
382,640
Current assets
Debtors
5
2,481
3,675
Cash at bank and in hand
30,932
37,215
33,413
40,890
Creditors: amounts falling due within one year
6
(6,023)
(6,513)
Net current assets
27,390
34,377
Total assets less current liabilities
411,728
417,017
Provisions for liabilities
(28,365)
(28,042)
Net assets
383,363
388,975
Capital and reserves
Called up share capital
100
100
Revaluation reserve
7
311,478
310,810
Profit and loss reserves
71,785
78,065
Total equity
383,363
388,975

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

PEDLEY PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
5 APRIL 2025
05 April 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 2 September 2025 and are signed on its behalf by:
Mrs L Nel
Mrs M Patterson
Director
Director
Company registration number 00814850 (England and Wales)
PEDLEY PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
- 3 -
1
Accounting policies
Company information

Pedley Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 60 Lulworth Drive, Pinner, Middlesex, England, HA5 1NE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents rental income earned from investment property and is recognised on a straight-line basis over the period of the lease in accordance with the terms of the tenancy agreements. Rental income is recognised when it becomes receivable and is measured at the fair value of the consideration received or receivable

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

PEDLEY PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Investment property
2025
£
Fair value
At 6 April 2024 and 5 April 2025
300,000
PEDLEY PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
- 5 -
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
84,338
82,640
Fixed asset investments revalued
Movements in fixed asset investments
Investments
£
Cost or valuation
At 6 April 2024
82,640
Additions
1,698
At 5 April 2025
84,338
Carrying amount
At 5 April 2025
84,338
At 5 April 2024
82,640
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
2,481
3,675
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
3,923
4,509
Other creditors
2,100
2,004
6,023
6,513
PEDLEY PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
- 6 -
7
Revaluation reserve
2025
2024
£
£
At the beginning of the year
310,810
304,224
Other movements
668
6,586
At the end of the year
311,478
310,810
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