REGISTERED NUMBER: 09750494 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Honor Pullen Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mr C Honor

Mr S Pullen

Mrs K Honor

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

REGISTERED NUMBER:

09750494 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

138,898

164,491

Investment property

5

5,717,424

5,717,424

5,856,322

5,881,915

CURRENT ASSETS

Debtors

6

702,821

703,454

Cash at bank

370,955

238,456

1,073,776

941,910

CREDITORS

Amounts falling due within one year

7

1,363,033

1,343,305

NET CURRENT LIABILITIES

(289,257

)

(401,395

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,567,065

5,480,520

CREDITORS

Amounts falling due after more than one year

8

(3,499,479

)

(3,554,385

)

PROVISIONS FOR LIABILITIES

(416,902

)

(410,374

)

NET ASSETS

1,650,684

1,515,761

CAPITAL AND RESERVES

Called up share capital

10

200

200

Fair value reserve

11

1,146,533

1,146,533

Retained earnings

11

503,951

369,028

SHAREHOLDERS' FUNDS

1,650,684

1,515,761

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income Statement has not been delivered.

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

Mrs K Honor - Director

1.	STATUTORY INFORMATION

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

Turnover consists of rents receivable. Revenue is recognised evenly over the rental period.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st April 2024

and 31st March 2025

251,775

21,124

570

273,469

DEPRECIATION

At 1st April 2024

96,469

12,213

296

108,978

Charge for year

23,296

2,228

69

25,593

At 31st March 2025

119,765

14,441

365

134,571

NET BOOK VALUE

At 31st March 2025

132,010

6,683

205

138,898

At 31st March 2024

155,306

8,911

274

164,491

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

5,717,424

NET BOOK VALUE

At 31st March 2025

5,717,424

At 31st March 2024

5,717,424

Fair value at 31st March 2025 is represented by:

£

Valuation in 2022

1,528,710

Cost

4,188,714

5,717,424

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

31.3.25

31.3.24

£

£

Cost

4,188,714

4,188,714

The investment property was valued on an open market basis on 31st March 2025 by directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

700,000

700,000

Prepayments

2,821

3,454

702,821

703,454

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

50,612

50,612

Tax

54,647

44,290

VAT

4,058

4,028

Other creditors

990,792

987,777

Directors' current accounts

222,729

222,763

Accrued expenses and deferred

income

40,195

33,835

1,363,033

1,343,305

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

48,737

50,612

Bank loans - 2-5 years

16,655

69,686

Bank loans more 5 yrs non-inst

3,434,087

3,434,087

3,499,479

3,554,385

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

3,434,087

3,434,087

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

3,550,091

3,604,997

The bank loan is secured on the property owned by the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

200

Ordinary

£1

200

200

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1st April 2024

369,028

1,146,533

1,515,561

Profit for the year

134,923

134,923

At 31st March 2025

503,951

1,146,533

1,650,484

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Honor Pullen Properties Ltd for the year ended 31st March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Honor Pullen Properties Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Honor Pullen Properties Ltd and state those matters that we have agreed to state to the Board of Directors of Honor Pullen Properties Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Honor Pullen Properties Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Honor Pullen Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Honor Pullen Properties Ltd. You consider that Honor Pullen Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Honor Pullen Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

21st October 2025