Pendragon Property Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04141776 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

PENDRAGON PROPERTY DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S P Merchant

A J Merchant

REGISTERED OFFICE:

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

REGISTERED NUMBER:

04141776 (England and Wales)

ACCOUNTANTS:

RJP LLP

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

FIXED ASSETS

Tangible assets

4

5,419

6,150

CURRENT ASSETS

Stocks

5

3,244,261

2,246,757

Debtors

6

1,050,416

976,455

Cash at bank

9,706

376,241

4,304,383

3,599,453

CREDITORS

Amounts falling due within one year

7

2,264,562

1,126,561

NET CURRENT ASSETS

2,039,821

2,472,892

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,045,240

2,479,042

CREDITORS

Amounts falling due after more than one
year

8

757,140

959,090

NET ASSETS

1,288,100

1,519,952

CAPITAL AND RESERVES

Called up share capital

10

2

Retained earnings

1,288,098

1,519,950

SHAREHOLDERS' FUNDS

1,288,100

1,519,952

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 25 November 2025 and were signed on its behalf by:

S P Merchant - Director

1.	STATUTORY INFORMATION

Pendragon Property Developments Limited 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.

Turnover

Turnover represents the sale of land and property.

Sales are recognised as turnover when contracts between the company and the buyer have been exchanged.

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 etc

-

25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost or net realisable value of land and buildings.

Cost includes all direct expenditure including transaction costs. Net realisable value is defined as the estimated selling price less costs to complete and sell.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

44,542

Additions

2,331

At 31 January 2025

46,873

DEPRECIATION

At 1 February 2024

38,392

Charge for year

3,062

At 31 January 2025

41,454

NET BOOK VALUE

At 31 January 2025

5,419

At 31 January 2024

6,150

5.

STOCKS

31.1.25

31.1.24

£

Stocks

3,244,261

2,246,757

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Other debtors

1,050,416

976,455

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Bank loans and overdrafts

33,200

Trade creditors

84,524

47,700

Taxation and social security

917

1,286

Other creditors

2,145,921

1,044,375

2,264,562

1,126,561

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

Bank loans

757,140

959,090

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

Bank loans

790,340

992,290

The company's bankers hold fixed and floating charges over certain properties that the company hold as stock.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

2

Ordinary

£1

2

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

Director

Balance outstanding at start of year

(378,089

)

(661,066

)

Amounts advanced

3,299

364,610

Amounts repaid

(417,279

)

(81,633

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(792,069

)

(378,089

)

Director

Balance outstanding at start of year

1,009

1,061

Amounts advanced

32,830

1,008

Amounts repaid

(32,709

)

(1,060

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

1,130

1,009

Interest accrues on the balance owed to a director at a rate of 5% above base rate per annum.

The balance due from a director is interest free.

12.	RELATED PARTY DISCLOSURES

At the year end £792,069 was owed to a shareholder (2024 - £378,089). Interest accrues on the balance at a rate of 5% above base rate per annum.