REGISTERED NUMBER: 00174961 (England and Wales)

JOHN PILLEY PROPERTIES LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Report of the Directors

2

Statement of Income and Retained Earnings

3

Balance Sheet

4

to

5

Notes to the Financial Statements

6

to

9

DIRECTORS:

B I Pilley

D W Webber

R S Richmond

C R Pilley

SECRETARY:

C R Pilley

REGISTERED OFFICE:

Flat 7

The Garth

2 St. Olaves Road

YORK

North Yorkshire

YO30 7AL

REGISTERED NUMBER:

00174961 (England and Wales)

ACCOUNTANTS:

Thomas Coombs Limited

Chartered Accountants

3365 The Pentagon

Century Way

Thorpe Park

Leeds

West Yorkshire

LS15 8ZB

The directors present their report with the financial statements of the company for the year ended 31st March 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st April 2024 to the date of this report.

B I Pilley

D W Webber

R S Richmond

C R Pilley

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

B I Pilley - Director

14th November 2025

TURNOVER

-

-

Administrative expenses

37,521

37,835

(37,521

)

(37,835

)

Other operating income

6,673

(6,076

)

OPERATING LOSS

(30,848

)

(43,911

)

Income from fixed asset investments

45,277

49,381

Interest receivable and similar income

1,154

2,950

46,431

52,331

15,583

8,420

Gain/loss on revaluation of investments

(16,749

)

25,432

(LOSS)/PROFIT BEFORE TAXATION

(1,166

)

33,852

Tax on (loss)/profit

(1,841

)

(369

)

PROFIT FOR THE FINANCIAL YEAR

675

34,221

Distributable reserves at beginning of year

1,479,814

1,740,653

Dividends

(295,060

)

(295,060

)

DISTRIBUTABLE RESERVES AT END OF YEAR

1,185,429

1,479,814

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

1,140,839

1,414,747

1,140,839

1,414,747

CURRENT ASSETS

Debtors

6

7,355

5,898

Cash at bank

80,575

129,257

87,930

135,155

CREDITORS

Amounts falling due within one year

7

23,151

48,058

NET CURRENT ASSETS

64,779

87,097

TOTAL ASSETS LESS CURRENT LIABILITIES

1,205,618

1,501,844

PROVISIONS FOR LIABILITIES

2,185

4,026

NET ASSETS

1,203,433

1,497,818

CAPITAL AND RESERVES

Called up share capital

8

14,753

14,753

Capital redemption reserve

3,251

3,251

Distributable reserves

1,185,429

1,479,814

SHAREHOLDERS' FUNDS

1,203,433

1,497,818

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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 14th November 2025 and were signed on its behalf by:

B I Pilley - Director

1.	STATUTORY INFORMATION

John Pilley 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1

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

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings - 25% on cost

Financial instruments

The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses.Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Investment income

Investment income comprises dividends and interest and is accounted for an a receivable basis.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

941

DEPRECIATION

At 1st April 2024

and 31st March 2025

941

NET BOOK VALUE

At 31st March 2025

-

5.	FIXED ASSET INVESTMENTS

Cash and

Listed

settlements

investments

pending

Totals

£

£

£

COST OR VALUATION

At 1st April 2024

1,407,928

6,820

1,414,748

Additions

296,433

-

296,433

Disposals

(632,154

)

-

(632,154

)

Revaluations

(16,749

)

-

(16,749

)

Net Cash Movement

-

78,561

78,564

At 31st March 2025

1,055,458

85,381

1,140,839

NET BOOK VALUE

At 31st March 2025

1,055,458

85,381

1,140,839

At 31st March 2024

1,407,928

6,820

1,414,748

Total

£

Cost or valuation at 31st March 2025 is represented by:

Valuation in 2025

£1,140,839

The historical cost of the investments as at 31st March 2025 was £1,102,723 ( 2024 £1,367,820 )

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

7,355

5,898

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

-

990

Other creditors

23,151

47,068

23,151

48,058

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

14,753

Ordinary

£1

14,753

14,753