Pelican Place Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 13357293 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

PELICAN PLACE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C E H Briggs

Mrs C S Briggs

REGISTERED OFFICE:

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

REGISTERED NUMBER:

13357293 (England and Wales)

ACCOUNTANTS:

Graham Martin & Co

Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

FIXED ASSETS

Tangible assets

4

3,000

-

Investment property

5

984,000

528,950

987,000

528,950

CURRENT ASSETS

Debtors

6

400

1,490

Cash at bank

6,590

14,281

6,990

15,771

CREDITORS

Amounts falling due within one year

7

12,804

8,087

NET CURRENT (LIABILITIES)/ASSETS

(5,814

)

7,684

TOTAL ASSETS LESS CURRENT
LIABILITIES

981,186

536,634

CREDITORS

Amounts falling due after more than one
year

8

(890,025

)

(457,400

)

PROVISIONS FOR LIABILITIES

(2,673

)

(5,220

)

NET ASSETS

88,488

74,014

CAPITAL AND RESERVES

Called up share capital

500

Revaluation reserve

10

8,020

15,659

Retained earnings

10

79,968

57,855

SHAREHOLDERS' FUNDS

88,488

74,014

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 12th December 2025 and were signed on its behalf by:

Mr C E H Briggs - Director

1.	STATUTORY INFORMATION

Pelican Place 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 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.

Plant and machinery etc

-

25% on cost

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.

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

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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

4,000

At 31st March 2025

4,000

DEPRECIATION

Charge for year

1,000

At 31st March 2025

1,000

NET BOOK VALUE

At 31st March 2025

3,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

528,950

Additions

465,236

Revaluations

(10,186

)

At 31st March 2025

984,000

NET BOOK VALUE

At 31st March 2025

984,000

At 31st March 2024

528,950

Fair value at 31st March 2025 is represented by:

£

Valuation in 2022

14,995

Valuation in 2023

4,933

Valuation in 2024

950

Valuation in 2025

(10,186

)

Cost

973,308

984,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

400

1,490

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Taxation and social security

4,805

4,881

Other creditors

7,999

3,206

12,804

8,087

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans (see note 9)

336,625

-

Other creditors

553,400

457,400

890,025

457,400

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

336,625

-

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

336,625

-

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1st April 2024

57,855

15,659

73,514

Profit for the year

14,474

Property revaluation

10,186

(10,186

)

-

Deferred tax on revaluation

(2,547

)

2,547

-

At 31st March 2025

79,968

8,020

87,988

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

Mr C E H Briggs

Balance outstanding at start of year

68,494

67,377

Amounts advanced

137,254

1,117

Amounts repaid

(42,694

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

163,054

68,494

Mrs C S Briggs

Balance outstanding at start of year

30,900

45,900

Amounts repaid

-

(15,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

30,900

Mr C E H Briggs provided the company with a long term long of £162,800 (2024: £66,800). No interest is being charged on this loan.

Mrs C S Briggs provided the company with a long term loan of £30,900 (2024: £30,900). No interest is being charged on this loan.

12.	RELATED PARTY DISCLOSURES

Mr A J H Briggs provided the company with a long term shareholder loan of £119,900. No interest is being charge on this loan.

Mr T E H Briggs provided the company with a long term shareholder loan of £119,900. No interest is being charge on this loan.

Mr W J H Briggs provided the company with a long term shareholder loan of £119,900. No interest is being charge on this loan.

13.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.