PRADOE DEVELOPMENTS LTD
Company registration number 04142006 (England and Wales)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
PRADOE DEVELOPMENTS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
PRADOE DEVELOPMENTS LTD
BALANCE SHEET
AS AT
30 JANUARY 2025
30 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
495,000
495,000
Current assets
Stocks
250,000
362,976
Debtors
4
903,214
857,441
Cash at bank and in hand
28,329
53,407
1,181,543
1,273,824
Creditors: amounts falling due within one year
5
(66,745)
(64,134)
Net current assets
1,114,798
1,209,690
Total assets less current liabilities
1,609,798
1,704,690
Creditors: amounts falling due after more than one year
6
(163,919)
(190,157)
Net assets
1,445,879
1,514,533
Capital and reserves
Called up share capital
7
2
2
Non-distributable profits reserve
8
246,224
246,224
Distributable profit and loss reserves
1,199,653
1,268,307
Total equity
1,445,879
1,514,533
PRADOE DEVELOPMENTS LTD
BALANCE SHEET (CONTINUED)
AS AT
30 JANUARY 2025
30 January 2025
- 2 -

For the financial year ended 30 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 October 2025 and are signed on its behalf by:
Mr C A Shaw
Director
Company registration number 04142006 (England and Wales)
PRADOE DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2025
- 3 -
1
Accounting policies
Company information

Pradoe Developments Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Dyke Yaxley Chartered Accountants, 1 Brassey Road, Old Potts Way, Shrewsbury, Shropshire, SY3 7FA.

1.1
Reporting period

The financial statements for the current year and previous period covered a 12 month period to the end of 31 January and therefore both the current year and previous period are comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Included in work in progress are costs associated with a site for possible future development.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

PRADOE DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.10
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Investment property
2025
£
Fair value
At 31 January 2024 and 30 January 2025
495,000
PRADOE DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JANUARY 2025
3
Investment property
(Continued)
- 5 -

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the d irectors by reference to an appropriate property rental yield for similar properties. The d irectors are satisfied that the valuation remains appropriate as at the year end.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
903,214
857,441
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
24,915
24,915
Trade creditors
3,556
-
0
Taxation and social security
10,541
10,533
Other creditors
27,733
28,686
66,745
64,134
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
163,919
190,157

Included in Creditors is a bank loan subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy, The BBLS guarantee is provided to the lender.

There is an additional loan secured over the property owned by the company.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
2
2
2
2
PRADOE DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JANUARY 2025
- 6 -
8
Non-distributable profits reserve
2025
2024
£
£
At the beginning and end of the year
246,224
246,224

The non-distributable profits reserve relates to the revaluation of an investment property transferred from work in progress.

9
Related party transactions

Included in Other Debtors are intercompany loans owed by companies of which the directors of Pradoe Developments Ltd are also shareholders. At the year end, an amount of £4 6 4,626 (202 4: £434,626) was owed by Milford Investments Limited and an amount of £4 38,438 (202 4: £4 22,565) was owed by Shrewsbury Developments Ltd.

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