P Edwards Properties Limited

P Edwards Properties Limited
Director's Report
For the year ended 31 March 2025

Director's report and financial statements

The director presents his annual report and the financial statements for the year ended 31 March 2025

Principal activities

The principal activity of the company in the year under review was that of property lettings.

Director

The director who has held office during the whole of the year was as follows:

Mr P M Edwards

Statement of director's responsibilities

The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.

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Mr P M Edwards
Director

Date approved: 17 December 2025

P Edwards Properties Limited
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	727,896	659,484
		727,896	659,484
Current assets
Stocks	4	2,622	2,200
Debtors	5	884	981
Cash at bank and in hand		1,875	4,951
		5,381	8,132
Creditors: amount falling due within one year	6	(273,189)	(260,030)
Net current assets		(267,808)	(251,898)

Total assets less current liabilities		460,088	407,586
Creditors: amount falling due after more than one year	7	(305,725)	(303,172)
Provisions for liabilities	8	(25,205)	(17,997)
Net assets		129,158	86,417

Capital and reserves
Called up share capital		1	1
Profit and loss account		129,157	86,416
Shareholders' funds		129,158	86,417

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 17 December 2025 and were signed by:

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Mr P M Edwards
Director

P Edwards Properties Limited
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

P Edwards Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12508290, registration address Tower House, Old Priory , Plymouth, Devon, PL7 1QS.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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 taxation

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 properties

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.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

2.	Average number of employees Average number of employees during the year was 0 (2024 : 0).

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 01 April 2024	659,484	659,484
Additions	30,475	30,475
Disposals	-	-
Revaluations	37,937	37,937
At 31 March 2025	727,896	727,896
Depreciation
At 01 April 2024	-	-
Charge for year	-	-
On disposals	-	-
At 31 March 2025	-	-
Net book values
Closing balance as at 31 March 2025	727,896	727,896
Opening balance as at 01 April 2024	659,484	659,484

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus' or deficits arising from changes in the market value are recognised in the profit or loss.

Investment properties have been valued as at 31st March 2025 on the basis of their open market value with vacant possession by the Director Mr P M Edwards.

Fair value as at 31 March 2025 is represented by:

		2025 £
Valuation in 2025		37,937
Valuation in 2022		94,721
Cost		595,238
Total		727,896

Stocks

	2025 £		2024 £
Work in Progress	2,622		2,200
	2,622		2,200

Debtors: amounts falling due within one year

	2025 £		2024 £
Other Debtors	884		981
	884		981

Creditors: amount falling due within one year

	2025 £	2024 £
Taxation and Social Security	2,818	1,691
Other Creditors	270,371	258,339
	273,189	260,030

Creditors: amount falling due after more than one year

	2025 £		2024 £
Bank Loans & Overdrafts	305,725		303,172
	305,725		303,172

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	25,205		17,997
	25,205		17,997

9.	Reserves The retained earnings include a non-distributable amount of £132,658 from revaluation adjustments under FRS 102.

10.

Secured debts

The following secured debts are included within creditors:

	2025 £	2024 £
The Mortgage Works	113,850	113,852
Precise Mortgage	96,925	96,924
Fleet Mortgages Limited	94,950	92,396
	305,725	303,172

£113,850 is secured by a fixed charge dated 31 July 2020 by The Mortgage Works (UK) plc over 165 Westfield, Plymouth. PL7 2EH held by the company.

£96,925 is secured by a fixed charge dated 15 January 2021 by Charter Court Financial Services Limited over 20 St Barnabas Terrace, Plymouth. PL1 5NN held by the company.

£94,950 is secured by a fixed charge dated 28 March 2024 by Fleet Mortgages Ltd over First Floor Flat, 16 Underwood Road, Plymouth, PL7 1SY held by the company.

11.	Ultimate controlling party The company is ultimately controlled by Mr P M Edwards.

Registered Number: 12508290
England and Wales
Unaudited Financial Statements

for the year ended 31 March 2025
for
P EDWARDS PROPERTIES LIMITED