REGISTERED NUMBER: 01987341 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Poven Developments Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

E Mahoney

D M Mahoney

P J Mahoney

Mrs D Shields

M Mahoney

SECRETARY:

Mrs D Shields

REGISTERED OFFICE:

1 Derby Buildings

Wavertree Road

Liverpool

Merseyside

L7 3ES

REGISTERED NUMBER:

01987341 (England and Wales)

ACCOUNTANTS:

Kinsella Clarke Limited

61 Stanley Road

Bootle

Merseyside

L20 7BZ

FIXED ASSETS

Tangible assets

4

5,724,445

5,724,445

Investments

5

157,000

157,000

5,881,445

5,881,445

CURRENT ASSETS

Debtors

6

686,669

658,775

Cash at bank

36,750

19,981

723,419

678,756

CREDITORS

Amounts falling due within one year

7

818,396

803,457

NET CURRENT LIABILITIES

(94,977

)

(124,701

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,786,468

5,756,744

CREDITORS

Amounts falling due after more than one year

8

(549,649

)

(645,437

)

PROVISIONS FOR LIABILITIES

(487,455

)

(487,455

)

NET ASSETS

4,749,364

4,623,852

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

2,619,836

2,619,836

Retained earnings

2,129,526

2,004,014

SHAREHOLDERS' FUNDS

4,749,364

4,623,852

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

D M Mahoney - Director

1.	STATUTORY INFORMATION

Poven Developments 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

In line with accounting standards for investment companies, no depreciation has been charged on land and buildings.

Depreciation has been provided on other tangible assets at the following rates in order to write off each asset over it's estimated useful life:-

Plant and machinery etc - 15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

5,724,445

NET BOOK VALUE

At 31 March 2025

5,724,445

At 31 March 2024

5,724,445

Cost or valuation at 31 March 2025 is represented by:

Land and

buildings

£

Valuation in 2007

1,135,655

Valuation in 2019

427,735

Cost

4,161,055

5,724,445

Land and Buildings were valued on realisation price basis on 31 March 2017 by the Directors. .

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

157,000

NET BOOK VALUE

At 31 March 2025

157,000

At 31 March 2024

157,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

65,734

30,685

Other debtors

620,935

628,090

686,669

658,775

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

112,611

54,841

Trade creditors

(3,638

)

28,044

Taxation and social security

60,013

45,281

Other creditors

649,410

675,291

818,396

803,457

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

549,649

645,437

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

662,260

700,278

An unscheduled Mortgage Debenture dated 21st March 1989 incorporating a specific equitable charge over certain properties is held by the bank as security.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

£

D M Mahoney

Balance outstanding at start of year

-

-

Amounts advanced

1,599

1,426

Amounts repaid

(1,599

)

(1,426

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

11.	RELATED PARTY DISCLOSURES

During the year the company entered into transactions with various related parties with common control. The amounts are included in Debtors and Creditors. These transactions are undertaken at an arms length basis.