TREANOR PUJOL ESTATES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

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

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.

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 ) .

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

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.