Registration number: 11303156

P Taylor Property Investments Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

P Taylor Property Investments Limited

Company Information

Director

P. N. Taylor

Registered office

82-84 Landsdowne House Lansdowne Road Leicester LE2 8AR

Accountants

Robert Whowell & Partners LLP Chartered AccountantsWestwood House 78 Loughborough Road Quorn Loughborough Leicestershire LE12 8DX

P Taylor Property Investments Limited

(Registration number: 11303156)
Balance Sheet as at 31 October 2024

	Note	2024 £	2023 £
Fixed assets
Investment property	4	1,176,895	1,176,895
Current assets
Debtors	5	252,639	254,093
Cash at bank and in hand		669	1,900
		253,308	255,993
Creditors: Amounts falling due within one year	6	(13,423)	(12,948)
Net current assets		239,885	243,045
Total assets less current liabilities		1,416,780	1,419,940
Creditors: Amounts falling due after more than one year	6	(856,122)	(831,168)
Provisions for liabilities		(143,750)	(143,750)
Net assets		416,908	445,022
Capital and reserves
Called up share capital	7	100	100
Revaluation reserve		431,250	431,250
Retained earnings		(14,442)	13,672
Shareholders' funds		416,908	445,022

P Taylor Property Investments Limited

(Registration number: 11303156)
Balance Sheet as at 31 October 2024

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 October 2025
 

......................................... P. N. Taylor Director

P Taylor Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
82-84 Landsdowne House
Lansdowne Road
Leicester
LE2 8AR

These financial statements were authorised for issue by the director on 27 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of properties in the ordinary course of the company’s activities. Turnover is shown net of rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

P Taylor Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Creditors

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

P Taylor Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4	Investment properties

	2024 £
At 1 November 2023	1,176,895
At 31 October 2024	1,176,895

The director revalued the investment property on 30 April 2022 at current market value with existing use.

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current	2024 £	2023 £
Amounts owed by related parties	252,639	234,763
Other debtors	-	19,330
	252,639	254,093

P Taylor Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	6,000	6,000
Taxation and social security		3,948	3,948
Accruals and deferred income		3,475	3,000
		13,423	12,948

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	856,122	831,168

Creditors include bank loans which are secured of £852,622 (2023 - £821,668).

Creditors include bank loans not repayable by instalments of £852,6122 (2023 - £821,668) due after more than five years.

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

P Taylor Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	856,122	831,168

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	6,000	6,000

9	Related party transactions

Transactions with the director

2024	At 1 November 2023 £	Advances to director £	Repayments by director £	At 31 October 2024 £
Director's loan account	19,329	1,422	(20,751)	-

2023	At 1 May 2022 £	Advances to director £	Repayments by director £	At 31 October 2023 £
Director's loan account	150,498	30,022	(161,191)	19,329