REGISTERED NUMBER: 11263585 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Pleasant Retreat Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L K Jones

Mrs A Jones

REGISTERED OFFICE:

21 Gold Tops

Newport

South Wales

NP20 4PG

REGISTERED NUMBER:

11263585 (England and Wales)

ACCOUNTANTS:

Guilfoyle Sage LLP

21 Gold Tops

Newport

South Wales

NP20 4PG

FIXED ASSETS

Tangible assets

5

521

-

Investment property

6

1,906,750

1,906,750

1,907,271

1,906,750

CURRENT ASSETS

Debtors

7

199,581

435,581

Cash at bank and in hand

6,269

5,177

205,850

440,758

CREDITORS

Amounts falling due within one year

8

322,131

555,838

NET CURRENT LIABILITIES

(116,281

)

(115,080

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,790,990

1,791,670

CREDITORS

Amounts falling due after more than one year

9

1,245,850

1,248,023

NET ASSETS

545,140

543,647

CAPITAL AND RESERVES

Called up share capital

11

100

100

Fair value reserve

12

491,461

491,461

Retained earnings

53,579

52,086

SHAREHOLDERS' FUNDS

545,140

543,647

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

L K Jones - Director

Mrs A Jones - Director

1.	STATUTORY INFORMATION

Pleasant Retreat Properties Limited is a private company, limited by shares and is incorporated in England and Wales. The company's registered number is 11263585 and the address of its registered office is 21 Gold Tops, Newport, South Wales, NP20 4PG.

The nature of the company's operations and principal activity is that of property investment.

These financial statements are the company's separate financial statements, covering the period to 31 March 2025 and are presented in Sterling (£), the company's functional currency, rounded to the nearest pound.

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

2.	STATEMENT OF COMPLIANCE

The individual financial statements of Pleasant Retreat Properties Limited have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Tangible fixed assets

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

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.

Investment property is carried at fair value determined by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

579

At 31 March 2025

579

DEPRECIATION

Charge for year

58

At 31 March 2025

58

NET BOOK VALUE

At 31 March 2025

521

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,906,750

NET BOOK VALUE

At 31 March 2025

1,906,750

At 31 March 2024

1,906,750

The director valued the investment property on a fair value basis as at 31 March 2025.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2000

658,641

Valuation in 2021

135,000

Valuation in 2022

(953

)

Valuation in 2023

(301,227

)

Cost

1,415,289

1,906,750

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

199,581

435,581

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

20,000

20,000

Taxation and social security

228

2,289

Other creditors

301,903

533,549

322,131

555,838

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,245,850

1,248,023

31.3.25

31.3.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,245,850

1,248,023

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

1,245,850

1,248,023

The interest only bank loans are secured by fixed and floating charges over the undertaking and all property and assets present and future including goodwill, book debts, uncalled capital, buildings, fixtures and fixed plant and machinery.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

491,461

13.	RELATED PARTY DISCLOSURES

At the year end, £299,729 (2024:£294,936) was owed to related parties.

At the year end, the company was owed £198,697 (2024:£434,697) by entities holding a participating interest.

There is no fixed repayment date on these outstanding amounts and no interest has been charged.