Pondside Properties Limited


Directors	Charmaine Klein
	Jessica Andrea Carter Klein


Company Secretary	Brian Klein


Registered Address	Grove House
	2 Woodberry Grove
	London
	N12 0DR


Registered Number	03698047 (England and Wales)

Balance Sheet as at
31 January 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		560		747
Investments	4		4,432,293		4,431,229
			4,432,853		4,431,976
Current assets
Debtors	5	7,822		6,546
Cash at bank and on hand		49,285		36,774
		57,107		43,320
Creditors amounts falling due within one year	6	(1,370,988)		(1,351,932)
Net current assets (liabilities)			(1,313,881)		(1,308,612)
Total assets less current liabilities			3,118,972		3,123,364
Creditors amounts falling due after one year	7		(309,567)		(329,567)
Provisions for liabilities	9		(236,569)		(236,600)
Net assets			2,572,836		2,557,197
Capital and reserves
Called up share capital			100		100
Revaluation reserve			2,138,295		2,138,295
Profit and loss account			434,441		418,802
Shareholders' funds			2,572,836		2,557,197

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 21 October 2025, and are signed on its behalf by:

Charmaine Klein
Director
Registered Company No. 03698047

Pondside Properties Limited

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover represents rents receivable from the investment properties owned by company. Rents are recognised up to the year end date.

	Current taxation
	Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Current taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	25

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		3

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 February 24	21,633
	At 31 January 25	21,633
	Depreciation and impairment
	At 01 February 24	20,886
	Charge for year	187
	At 31 January 25	21,073
	Net book value
	At 31 January 25	560
	At 31 January 24	747

4.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 01 February 24	4,431,229
	Additions	1,064
	At 31 January 25	4,432,293
	Net book value
	At 31 January 25	4,432,293
	At 31 January 24	4,431,229

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	342	-
Prepayments and accrued income	7,480	6,546
Total	7,822	6,546

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Amounts owed to related parties	1,328,301	1,277,959
Taxation and social security	4,737	19,331
Other creditors	22,999	51,852
Accrued liabilities and deferred income	14,951	2,790
Total	1,370,988	1,351,932

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	309,567	329,567
Total	309,567	329,567

8.	Secured creditors
	The bank loans are secured on Investment property which have a carrying value of £4,432,293 (2024 - £4,431,229). The directors consider that their carrying amounts of the bank loans approximate to their fair value.

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	236,569	236,600
Total	236,569	236,600