Paul De La Pena Property Holdings Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05143456 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PAUL DE LA PENA PROPERTY HOLDINGS

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P S De La Pena

Mrs V M De La Pena

Lady C J Gillford

Ms G V Ivey

SECRETARY:

Mrs V M De La Pena

REGISTERED OFFICE:

Celsius House

Aintree Road

Keytec 7 Business Park

Pershore

Worcestershire

WR10 2JN

REGISTERED NUMBER:

05143456 (England and Wales)

ACCOUNTANTS:

Kingscott Dix (Cheltenham) Limited

7 Rockfield Business Park

Old Station Drive

Leckhampton

Cheltenham

GL53 0AN

FIXED ASSETS

Tangible assets

4

29,094

33,943

Investment property

5

1,700,000

1,729,094

1,733,943

CURRENT ASSETS

Debtors

6

32,196

34,516

Cash at bank

266,686

292,862

298,882

327,378

CREDITORS

Amounts falling due within one year

7

(36,235

)

(81,993

)

NET CURRENT ASSETS

262,647

245,385

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,991,741

1,979,328

PROVISIONS FOR LIABILITIES

8

(68,378

)

(68,682

)

NET ASSETS

1,923,363

1,910,646

CAPITAL AND RESERVES

Called up share capital

9

1,000

Share premium

10

729,000

Non-distributable reserves

10

659,805

Retained earnings

10

533,558

520,841

SHAREHOLDERS' FUNDS

1,923,363

1,910,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

Mrs V M De La Pena - Director

1.	STATUTORY INFORMATION

Paul De La Pena Property Holdings 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.

Significant judgements and estimates

The following significant judgements and estimations have been used in preparing the financial statements:

Investment property - The fair value of investment properties is reviewed annually, with adjustments made to the carrying value through the profit and loss account.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

10% on cost

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 Profit and Loss Account, 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.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

48,490

DEPRECIATION

At 1 April 2024

14,547

Charge for year

4,849

At 31 March 2025

19,396

NET BOOK VALUE

At 31 March 2025

29,094

At 31 March 2024

33,943

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,700,000

NET BOOK VALUE

At 31 March 2025

1,700,000

At 31 March 2024

1,700,000

The original cost of investment property was £980,000.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

32,196

34,516

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Taxation and social security

24,502

28,928

Other creditors

11,733

53,065

36,235

81,993

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

68,378

68,682

Deferred

tax

£

Balance at 1 April 2024

68,682

Provided during year

(304

)

Balance at 31 March 2025

68,378

The deferred tax provision will partially unwind in future years, as the difference between the net book value of fixed assets for accounting purposes aligns with the written down value of fixed assets for tax purposes.

The element of the provision that relates to the revaluation of investment property will only unwind if the fair value of investment property reduces to original cost, or the property is disposed of.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1,000

Ordinary

£1

1,000

10.

RESERVES

Retained

Share

Non-distributable

earnings

premium

reserves

Totals

£

At 1 April 2024

520,841

729,000

659,805

1,909,646

Profit for the year

65,097

-

65,097

Dividends

(52,380

)

-

(52,380

)

At 31 March 2025

533,558

729,000

659,805

1,922,363

The company has recognised the following reserves:

Retained earnings are comprised of accumulated total comprehensive income less dividends.

Share premium is comprised of the excess cash received on the issue of shares above their nominal value.

Non-distributable reserves are comprised of cumulative fair value gains and losses on investment property.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs V M De La Pena.