REGISTERED NUMBER: 12501692 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

L PETRIELLO PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Petriello

REGISTERED OFFICE:

4 Office Village

Forder Way

Cygnet Park, Hampton

Peterborough

Cambridgeshire

PE7 8GX

REGISTERED NUMBER:

12501692 (England and Wales)

ACCOUNTANTS:

TC CH Limited

4 Office Village

Forder Way

Cygnet Park, Hampton

Peterborough

Cambridgeshire

PE7 8GX

FIXED ASSETS

Investments

4

11

11

Investment property

5

296,972

296,972

296,983

296,983

CURRENT ASSETS

Debtors

6

840

294

Cash at bank

1,290

2,007

2,130

2,301

CREDITORS

Amounts falling due within one year

7

41,899

44,264

NET CURRENT LIABILITIES

(39,769

)

(41,963

)

TOTAL ASSETS LESS CURRENT LIABILITIES

257,214

255,020

CREDITORS

Amounts falling due after more than one year

8

(202,775

)

(202,775

)

PROVISIONS FOR LIABILITIES

10

(4,106

)

(4,106

)

NET ASSETS

50,333

48,139

CAPITAL AND RESERVES

Called up share capital

11

10

10

Revaluation reserve

12

17,610

17,610

Retained earnings

12

32,713

30,519

SHAREHOLDERS' FUNDS

50,333

48,139

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 director acknowledges her 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 22 December 2025 and were signed by:

S Petriello - Director

1.	STATUTORY INFORMATION

L Petriello Properties Ltd 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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

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 2 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

11

NET BOOK VALUE

At 31 March 2025

11

At 31 March 2024

11

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

296,972

NET BOOK VALUE

At 31 March 2025

296,972

At 31 March 2024

296,972

The investment property at 13 Lake Way, Somersham, PE28 3JN was valued on an open market basis on 31 March 2023 by the directors.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

22,610

Valuation in 2023

3,000

Valuation in 2024

(8,000

)

Cost

279,362

296,972

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

275,390

275,390

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

660

-

Prepayments

180

294

840

294

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

39,738

42,013

Directors' current accounts

-

350

Accruals and deferred income

1,200

1,000

Accrued expenses

961

901

41,899

44,264

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

202,775

202,775

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

202,775

202,775

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

202,775

202,775

The mortgage provided by Paragon Bank Plc, holds a charge over the property 13 Lakeway, Somersham PE28 3JN.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

4,106

4,106

Deferred

tax

£

Balance at 1 April 2024

4,106

Balance at 31 March 2025

4,106

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10

Ordinary

1

10

10

12.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2024

30,519

17,610

48,129

Profit for the year

2,994

2,994

Dividends

(800

)

(800

)

At 31 March 2025

32,713

17,610

50,323

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end included in other creditors is a loan from the directors to the company of £Nil [2024 -:£350]. This loan is interest free and payable on demand.

14.	RELATED PARTY DISCLOSURES

During the year, total dividends of £800 were paid to the directors .

Included in other creditors in amount owed to group undertaking is £39,737 owed to L Petriello Groundwork Contractors Limited [2024:£42,012] and £1 to L Petriello Developments Limited [2024:1]

Included in other debtors is an amount owed from group undertaking is £660 owed from Storiello Properties Construction Limited [2024:£Nil].

15.	ULTIMATE CONTROLLING PARTY

L Petriello, by virtue of his 60% share holding has an ultimate control of the company.