IRIS Accounts Production v25.1.4.42 07890369 Board of Directors 1.1.24 31.12.24 31.12.24 0 0 false true false false true false Fair value model Ordinary 1.00000 Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07890369 2023-12-31 07890369 2024-12-31 07890369 2024-01-01 2024-12-31 07890369 2022-12-31 07890369 2023-01-01 2023-12-31 07890369 2023-12-31 07890369 ns15:EnglandWales 2024-01-01 2024-12-31 07890369 ns14:PoundSterling 2024-01-01 2024-12-31 07890369 ns10:Director1 2024-01-01 2024-12-31 07890369 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07890369 ns10:SmallEntities 2024-01-01 2024-12-31 07890369 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07890369 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 07890369 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07890369 ns10:FullAccounts 2024-01-01 2024-12-31 07890369 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 07890369 ns10:Director2 2024-01-01 2024-12-31 07890369 ns10:RegisteredOffice 2024-01-01 2024-12-31 07890369 ns5:CurrentFinancialInstruments 2024-12-31 07890369 ns5:CurrentFinancialInstruments 2023-12-31 07890369 ns5:Non-currentFinancialInstruments 2024-12-31 07890369 ns5:Non-currentFinancialInstruments 2023-12-31 07890369 ns5:ShareCapital 2024-12-31 07890369 ns5:ShareCapital 2023-12-31 07890369 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-12-31 07890369 ns5:FurtherSpecificReserve3ComponentTotalEquity 2023-12-31 07890369 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 07890369 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 07890369 ns5:FurnitureFittings 2024-01-01 2024-12-31 07890369 ns5:FurnitureFittings 2023-12-31 07890369 ns5:FurnitureFittings 2024-12-31 07890369 ns5:FurnitureFittings 2023-12-31 07890369 ns5:AdditionsToInvestments 2024-12-31 07890369 ns5:CostValuation 2024-12-31 07890369 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 07890369 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 07890369 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-12-31 07890369 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2023-12-31 07890369 ns5:Non-currentFinancialInstruments ns5:MoreThanFiveYears 2024-12-31 07890369 ns5:Non-currentFinancialInstruments ns5:MoreThanFiveYears 2023-12-31 07890369 ns5:Secured 2024-12-31 07890369 ns5:Secured 2023-12-31 07890369 ns10:OrdinaryShareClass1 2024-12-31 07890369 ns5:FurtherSpecificReserve3ComponentTotalEquity 2023-12-31

REGISTERED NUMBER: 07890369 (England and Wales)

| PDL ESTATES LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2024 |

PDL ESTATES LIMITED (REGISTERED NUMBER: 07890369)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

| Page |

Company Information | 1 |

Balance Sheet | 2 |  | to |  | 3

Notes to the Financial Statements | 4 |  | to |  | 6

PDL ESTATES LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | Mr D Purewal

| Mrs P Purewal

| REGISTERED OFFICE: | 81 Burton Road

| Derby

| Derbyshire

| DE1 1TJ

| REGISTERED NUMBER: | 07890369 (England and Wales)

| ACCOUNTANTS: | Johnson Tidsall Limited

| Chartered Accountants

| 81 Burton Road

| Derby

| Derbyshire

| DE1 1TJ

PDL ESTATES LIMITED (REGISTERED NUMBER: 07890369)

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,124 |  | 3,591 |  |

Investments | 5 | 100 |  | - |  |

Investment property | 6 | 757,409 |  | 757,409 |  |

759,633 |  | 761,000 |  |

CURRENT ASSETS

Debtors | 7 | 10,012 |  | 9,787 |  |

Cash at bank and in hand | 2,807 |  | 8,441 |  |

12,819 |  | 18,228 |  |

CREDITORS

Amounts falling due within one year | 8 | 81,041 |  | 172,373 |  |

NET CURRENT LIABILITIES | (68,222 | ) | (154,145 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 691,411 |  | 606,855 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (563,500 | ) | (490,900 | ) |

PROVISIONS FOR LIABILITIES | (763 | ) | (898 | ) |

NET ASSETS | 127,148 |  | 115,057 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 100 |  | 100 |  |

Fair value reserve | 12 | 57,409 |  | 57,409 |  |

Retained earnings | 69,639 |  | 57,548 |  |

SHAREHOLDERS' FUNDS | 127,148 |  | 115,057 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

PDL ESTATES LIMITED (REGISTERED NUMBER: 07890369)

BALANCE SHEET - continued

31 DECEMBER 2024

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:

Mr D Purewal - Director

PDL ESTATES LIMITED (REGISTERED NUMBER: 07890369)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| PDL 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.

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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents rents receivable.

| Tangible fixed assets

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

| Fixtures and fittings | - | 15% on reducing balance

| Tangible fixed assets are stated at cost or deemed cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at 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.

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| COST

| At 1 January 2024 | 7,589 |  |

| Disposals | (4,649 | ) |

| At 31 December 2024 | 2,940 |  |

| DEPRECIATION

| At 1 January 2024 | 3,998 |  |

| Charge for year | 538 |  |

| Eliminated on disposal | (3,720 | ) |

| At 31 December 2024 | 816 |  |

| NET BOOK VALUE

| At 31 December 2024 | 2,124 |  |

| At 31 December 2023 | 3,591 |  |

PDL ESTATES LIMITED (REGISTERED NUMBER: 07890369)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| Additions | 100 |  |

| At 31 December 2024 | 100 |  |

| NET BOOK VALUE

| At 31 December 2024 | 100 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2024

| and 31 December 2024 | 757,409 |  |

| NET BOOK VALUE

| At 31 December 2024 | 757,409 |  |

| At 31 December 2023 | 757,409 |  |

| Fair value at 31 December 2024 is represented by:

£ |

| Valuation in 2024 | 757,409 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

2024 | 2023 |

£ | £ |

| Cost | 700,000 |  | 700,000 |  |

| The investment property was valued by Paragon Bank at 31 March 2024 and the directors consider this to be the fair value as at the year end.

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

2024 | 2023 |

£ | £ |

| Trade debtors | 1,105 |  | 1,040 |  |

| Amounts owed by group undertakings | 8,039 |  | 8,039 |  |

| Prepayments and accrued income | 868 |  | 708 |  |

10,012 |  | 9,787 |  |

PDL ESTATES LIMITED (REGISTERED NUMBER: 07890369)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

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

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 2,400 |  | 2,400 |  |

| Corporation tax | 3,819 |  | 4,204 |  |

| Other creditors | 564 |  | 5,564 |  |

| Directors' current accounts | 69,148 |  | 152,338 |  |

| Accruals and deferred income | 5,110 |  | 7,867 |  |

81,041 |  | 172,373 |  |

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

2024 | 2023 |

£ | £ |

| Bank loans - 2-5 years | 1,000 |  | 3,400 |  |

| Bank loans >5 yr (instalments) | 562,500 |  | 487,500 |  |

563,500 |  | 490,900 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans >5 yr (instalments) | 562,500 |  | 487,500 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Bank loans | 565,900 |  | 493,300 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

12. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 January 2024

| and 31 December 2024 | 57,409 |  |

13. | RELATED PARTY DISCLOSURES

| Included in current liabilities is a loan to a director which has no fixed repayment terms and is interest free.