REGISTERED NUMBER: 05486948 (England and Wales)

PAUL WALKER PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr. P.R. Walker

Mrs R.C. Walker

SECRETARY:

Mrs R.C. Walker

REGISTERED OFFICE:

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

REGISTERED NUMBER:

05486948 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Paul Walker Property Limited for the year ended 31 March 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Paul Walker Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paul Walker Property Limited and state those matters that we have agreed to state to the Board of Directors of Paul Walker Property Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paul Walker Property Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Paul Walker Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Paul Walker Property Limited. You consider that Paul Walker Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Paul Walker Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

22 December 2025

FIXED ASSETS

Tangible assets

4

109,777

145,021

Investments

5

31,900

31,900

Investment property

6

13,197,473

12,120,651

13,339,150

12,297,572

CURRENT ASSETS

Debtors

7

26,614

27,651

Cash at bank

23,006

98,279

49,620

125,930

CREDITORS

Amounts falling due within one year

8

261,270

173,841

NET CURRENT LIABILITIES

(211,650

)

(47,911

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,127,500

12,249,661

CREDITORS

Amounts falling due after more than one year

9

(8,759,043

)

(8,283,826

)

PROVISIONS FOR LIABILITIES

(182,800

)

(133,017

)

NET ASSETS

4,185,657

3,832,818

CAPITAL AND RESERVES

Called up share capital

104

104

Share premium

1,741,736

1,741,736

Fair value reserve

10

2,869,542

2,468,648

Retained earnings

(425,725

)

(377,670

)

SHAREHOLDERS' FUNDS

4,185,657

3,832,818

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

Mr. P.R. Walker - Director

1.	STATUTORY INFORMATION

Paul Walker Property 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.

Tangible fixed assets

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

Long leasehold

-

not depreciated

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Long

Motor

Computer

leasehold

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

6

145,015

-

145,021

Additions

-

-

1,346

1,346

At 31 March 2025

6

145,015

1,346

146,367

DEPRECIATION

Charge for year

-

36,254

336

36,590

At 31 March 2025

-

36,254

336

36,590

NET BOOK VALUE

At 31 March 2025

6

108,761

1,010

109,777

At 31 March 2024

6

145,015

-

145,021

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

31,900

NET BOOK VALUE

At 31 March 2025

31,900

At 31 March 2024

31,900

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

12,120,651

Additions

675,928

Disposals

(32,000

)

Revaluations

432,894

At 31 March 2025

13,197,473

NET BOOK VALUE

At 31 March 2025

13,197,473

At 31 March 2024

12,120,651

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

175,997

Valuation in 2018

276,242

Valuation in 2020

169,463

Valuation in 2021

523,402

Valuation in 2022

279,724

Valuation in 2023

866,252

Valuation in 2024

454,367

Valuation in 2025

432,894

Cost

10,019,132

13,197,473

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,614

2,651

Other debtors

25,000

25,000

26,614

27,651

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

40,000

40,000

Hire purchase contracts

104,598

124,817

Other creditors

116,672

9,024

261,270

173,841

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

6,757,555

6,208,457

Other creditors

2,001,488

2,075,369

8,759,043

8,283,826

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more five years

6,757,555

6,208,457

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

2,468,648

Restatement to fair value

400,894

At 31 March 2025

2,869,542