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TREANOR PUJOL ESTATES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

TREANOR PUJOL ESTATES LIMITED (REGISTERED NUMBER: 14174883)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

TREANOR PUJOL ESTATES LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTOR: | I J Treanor

| REGISTERED OFFICE: | 57 Ashbourne Road

| Derby

| United Kingdom

| DE22 3FS

| REGISTERED NUMBER: | 14174883 (England and Wales)

| AUDITORS: | Sibbalds Limited

| Chartered Accountants and Statutory Auditor

| Oakhurst House

| 57 Ashbourne Road

| Derby

| Derbyshire

| DE22 3FS

TREANOR PUJOL ESTATES LIMITED (REGISTERED NUMBER: 14174883)

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 14,021,000 |  | 14,000,000 |  |

CURRENT ASSETS

Debtors | 5 | 349,261 |  | 100,114 |  |

Cash at bank | 41,186 |  | 125,981 |  |

390,447 |  | 226,095 |  |

CREDITORS

Amounts falling due within one year | 6 | 5,388,141 |  | 5,584,539 |  |

NET CURRENT LIABILITIES | (4,997,694 | ) | (5,358,444 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 9,023,306 |  | 8,641,556 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 7,208,573 |  | 7,151,364 |  |

NET ASSETS | 1,814,733 |  | 1,490,192 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 1 |  | 1 |  |

Capital contribution reserve | 1,197,267 |  | 1,197,267 |  |

Retained earnings | 617,465 |  | 292,924 |  |

SHAREHOLDERS' FUNDS | 1,814,733 |  | 1,490,192 |  |

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2025 and were signed by:

I J Treanor - Director

TREANOR PUJOL ESTATES LIMITED (REGISTERED NUMBER: 14174883)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Treanor Pujol Estates 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Critical accounting judgements and key sources of estimation uncertainty

| In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions regarding the carrying amounts of the company's assets and liabilities. These are based on historical experience and other factors that are considered relevant. They are reviewed on a regular basis and changes recognised in the period in which the estimate is revised. Actual results may differ from these estimates.

| Investment property:

| The director has used their knowledge and experience, together with suitable market data and valuation reports provided by independent surveyors, to value the Company's investment property at market value. See the investment properties note for further details.

| Turnover

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

| Rental income from investment property leased out under operating leases is recognised in the statement of income and retained earnings on a straight-line basis over the term of the lease.

| 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.

| Financial instruments

| The company initially recognises financial assets and liabilities at transaction price unless the arrangement constitutes a financing transaction. Where the arrangement is a financing transaction, the financial instrument is measured at the present value of future cash flows discounted at a market rate of interest.

| Subsequent to initial recognition, financial instruments are measured at amortised cost using the effective interest method.

TREANOR PUJOL ESTATES LIMITED (REGISTERED NUMBER: 14174883)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| Prior year adjustment

| The comparatives have been restated to adjust for the discounting of intercompany loans which were made at below-market interest rates.

| On the balance sheet, this has resulted in a £1,124,597 reduction to creditors falling due after more than one year and a £1,197,268 increase to the capital contribution reserve within equity.

| In the statement of income and retained earnings, this has resulted in a £72,671 increase to interest paid.

| The net effect on profit was a reduction of £72,671.

| Going concern

| Group companies have confirmed that they will continue to support the company for a period of at least twelve months from the date of approval of these financial statements and, on the basis of this continued support and after reviewing latest projections, the director considers it appropriate to prepare these accounts on the going concern basis.

3. | EMPLOYEES AND DIRECTORS

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

TREANOR PUJOL ESTATES LIMITED (REGISTERED NUMBER: 14174883)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2024 | 14,000,000 |  |

| Additions | 21,000 |  |

| At 31 December 2024 | 14,021,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | 14,021,000 |  |

| At 31 December 2023 | 14,000,000 |  |

| The investment property was purchased on 26 May 2023 at its fair value of £14,000,000 as valued by Avison Young (UK) Ltd on 19 August 2022. The directors have assessed that there has been no material change in the value of the property between the date of valuation and the year end.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| as restated |

£ | £ |

| Trade debtors | 347,760 |  | 100,113 |  |

| Amounts owed by group undertakings | 1,501 |  | 1 |  |

349,261 |  | 100,114 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| as restated |

£ | £ |

| Trade creditors | 2,862 |  | - |  |

| Amounts owed to group undertakings | 5,016,310 |  | 5,338,457 |  |

| Taxation and social security | 212,032 |  | 99,064 |  |

| Other creditors | 156,937 |  | 147,018 |  |

5,388,141 |  | 5,584,539 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

| as restated |

£ | £ |

| Amounts owed to group undertakings | 7,208,573 |  | 7,151,364 |  |

TREANOR PUJOL ESTATES LIMITED (REGISTERED NUMBER: 14174883)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: |  | as restated |

£ | £ |

| 1 | Ordinary | £1.00 | 1 |  | 1 |  |

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Hari Vasdev MEng FCA (Senior Statutory Auditor)

| for and on behalf of Sibbalds Limited

10. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| The company has loans due to the ultimate parent company of £6,025,422 (2023: £5,955,198). These loans have been discounted to present value using an estimated market rate of 5.23%. Interest recognised during the year amounted to £308,566 (2023: £136,409).

| The company has loans due to a fellow group company of £1,183,151 (2023: £1,196,166). These loans have been discounted to present value using an estimated market rate of 5.23%. Interest recognised during the year amounted to £62,650 (2023: £27,230).

11. | PARENT AND ULTIMATE PARENT UNDERTAKING

| The company is a wholly owned subsidiary of Treanor Pujol Group Ltd, a company incorporated in the United Kingdom.

| The ultimate parent is Prefabricats Pujol, S.A.U., a company incorporated in Spain. The group financial statements are available on request from the registered office - Carretera de Miralcamp, Km.1, 25230 Mollerussa (Lleida), Spain.