REGISTERED NUMBER: 02928806 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 FEBRUARY 2025

FOR

PARK LANE INVESTMENT PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R B Beswick

REGISTERED OFFICE:

141-145 Bohemia Road,

St Leonards On Sea

East Sussex

TN37 6RL

REGISTERED NUMBER:

02928806 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02 High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Property, plant and equipment

4

-

-

Investments

5

100

-

Investment property

6

29,336,924

27,061,330

29,337,024

27,061,330

CURRENT ASSETS

Debtors

7

4,223,720

1,874,047

Cash at bank

446,861

767,526

4,670,581

2,641,573

CREDITORS

Amounts falling due within one year

8

1,923,978

452,957

NET CURRENT ASSETS

2,746,603

2,188,616

TOTAL ASSETS LESS CURRENT LIABILITIES

32,083,627

29,249,946

CREDITORS

Amounts falling due after more than one year

9

(17,845,207

)

(17,858,979

)

PROVISIONS FOR LIABILITIES

11

(1,062,237

)

(379,264

)

NET ASSETS

13,176,183

11,011,703

CAPITAL AND RESERVES

Called up share capital

12

100

100

Special reserve

5,307,075

3,288,628

Retained earnings

7,869,008

7,722,975

SHAREHOLDERS' FUNDS

13,176,183

11,011,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5 December 2025 and were signed by:

Mr R B Beswick - Director

1.	STATUTORY INFORMATION

Park Lane Investment Properties 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 as modified by the revaluation of certain assets.

TURNOVER

Turnover represents net invoiced sales of goods, excluding value added tax.

TANGIBLE FIXED ASSETS

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

Fixtures and fittings

-

25% on reducing balance

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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 5 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

Cost

At 28 February 2024

and 27 February 2025

51,374

Depreciation

At 28 February 2024

and 27 February 2025

51,374

Net book value

At 27 February 2025

-

At 27 February 2024

-

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

Cost

Additions

100

At 27 February 2025

100

Net book value

At 27 February 2025

100

6.	INVESTMENT PROPERTY

Total

£

Fair value

At 28 February 2024

27,061,330

Additions

7,169,413

Disposals

(4,893,819

)

At 27 February 2025

29,336,924

Net book value

At 27 February 2025

29,336,924

At 27 February 2024

27,061,330

Fair value at 27 February 2025 is represented by:

£

Valuation in 2020

1,973,420

Valuation in 2018

686,000

Valuation in 2016

1,115,893

Cost

25,561,611

29,336,924

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,810

6,391

Amounts owed by participating interests

2,098,541

1,867,291

Other debtors

2,121,369

365

4,223,720

1,874,047

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

134,098

80,199

Taxation and social security

65,744

160,648

Other creditors

1,724,136

212,110

1,923,978

452,957

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

17,845,207

17,858,979

10.	SECURED DEBTS

There is a fixed and floating charge over the undertaken and all property and assets of the company.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,062,237

379,264

Deferred

tax

£

Balance at 28 February 2024

379,264

Provided during year

682,973

Balance at 27 February 2025

1,062,237

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

13.	CONTINGENT LIABILITIES

The company has a contingent liability in respect of any remedial work that may occur as a result of any NHBC certificate claims. No amount can be quantified and the company is not aware of any such claims.