Company registration number 03113466 (England and Wales)
PEDRALBES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
PEDRALBES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PEDRALBES LIMITED
BALANCE SHEET
AS AT
30 DECEMBER 2024
30 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
3
3
Current assets
Debtors
4
509,621
693,000
Cash at bank and in hand
5,555
160
515,176
693,160
Creditors: amounts falling due within one year
5
(1,279,747)
(1,457,126)
Net current liabilities
(764,571)
(763,966)
Total assets less current liabilities
(764,568)
(763,963)
Provisions for liabilities
(25,000)
(25,000)
Net liabilities
(789,568)
(788,963)
Capital and reserves
Called up share capital
50,000
50,000
Share premium account
6,300,000
6,300,000
Profit and loss reserves
(7,139,568)
(7,138,963)
Total equity
(789,568)
(788,963)

For the financial year ended 30 December 2024 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 28 November 2025 and are signed on its behalf by:
..............................................
Mr Matthew Keech
Director
Company registration number 03113466 (England and Wales)
PEDRALBES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Pedralbes Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o 27 Shirwell Crescent, Furzton Lake, MILTON KEYNES, Bucks, UK, MK4 1GA.

1.1
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.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

2
Employees

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

2024
2023
Number
Number
Total
-
0
-
0
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
3
3
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
509,621
693,000
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
1,279,747
1,457,126
PEDRALBES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 DECEMBER 2024
- 3 -
6
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Latimer Land (Luton) Limited

A company in which Mr M Keech and Mr B Bidnell were directors at the period end.

A balance of £1,279,747 (2023: -£693,000) was owed to Latimer Land (Luton) Limited at the period end and is included in other creditors.

Latimer Associates (U.K) Limited

A company in which Mr M Keech and Mr B Bidnell were directors at the period end.

A balance of £202,513 (2023: £nil) was owed by Latimer Associates (U.K) Limited at the period end and is included in other debtors.

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