REGISTERED NUMBER: 07890369 (England and Wales)

PDL ESTATES LIMITED

UNAUDITED 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

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

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.

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

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

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

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.