Postland Properties Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04129098 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Postland Properties Ltd

Page

Company information

1

Chartered accountants' report

2

Statement of financial position

3

to

4

Notes to the financial statements

5

to

8

Director:

M J Congreve

Registered office:

Bank House

Broad Street

Spalding

Lincolnshire

PE11 3TB

Business address:

106 Carrington Road

Moulton Marsh

Spalding

Lincolnshire

PE12 6LS

Registered number:

04129098 (England and Wales)

Accountants:

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

The following reproduces the text of the report prepared for the director 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 Income statement and certain other primary statements and the Report of the director 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 Postland Properties Ltd for the year ended 31 March 2025 which comprise the Statement of income and retained earnings, Statement of financial position 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 director of Postland Properties Ltd in accordance with the terms of our engagement letter dated 19 December 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Postland Properties Ltd and state those matters that we have agreed to state to the director of Postland Properties Ltd 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 Postland Properties Ltd and its director for our work or for this report.

It is your duty to ensure that Postland Properties Ltd 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 Postland Properties Ltd. You consider that Postland Properties Ltd 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 Postland Properties Ltd. 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.

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

29 December 2025

Fixed assets

Tangible assets

5

943,048

886,055

Investments

6

100

943,148

886,155

Current assets

Stocks

88,049

Debtors

7

17,607

16,844

Cash at bank

23,590

58,405

129,246

163,298

Creditors

Amounts falling due within one year

8

340,761

398,061

Net current liabilities

(211,515

)

(234,763

)

Total assets less current liabilities

731,633

651,392

Creditors

Amounts falling due after more than one
year

9

1,800

7,200

Net assets

729,833

644,192

Capital and reserves

Called up share capital

10

150,000

Retained earnings

579,833

494,192

Shareholders' funds

729,833

644,192

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 his 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 income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 December 2025 and were signed by:

M J Congreve - Director

1.	Statutory information

Postland 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment property measured at fair value through profit or loss.

Preparation of consolidated financial statements

The financial statements contain information about Postland Properties Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investment properties

The fair value of investment properties cannot be measured reliably without undue cost or effort on an ongoing basis. As disclosed in the notes to the accounts, investment properties have been reclassified as freehold land and buildings within property at their cost as at 1 April 2016.

Depreciation on investment properties

Depreciation is not provided on investment properties, reclassified as freehold property where, in the opinion of the directors, the residual value of that property is such that any depreciation charge would be immaterial.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any accumulated impairment losses.

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal levels of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

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 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.

4.	Employees and directors

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

5.	Tangible fixed assets

Freehold

property

£

Cost

At 1 April 2024

886,055

Additions

56,993

At 31 March 2025

943,048

Net book value

At 31 March 2025

943,048

At 31 March 2024

886,055

As described in note 3, investment properties were reclassified as freehold land and buildings on 1 April 2016. Any new properties acquired since that date have also been treated on the same basis.

6.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 April 2024

and 31 March 2025

100

Net book value

At 31 March 2025

100

At 31 March 2024

100

The cost of investment in Bull Properties LS Limited which is incorporated in England and Wales represents 100% of the issued share capital.

7.

Debtors: amounts falling due within one year

2025

2024

£

Amounts owed by subsidiary

undertaking

16,979

16,844

Prepayments and accrued income

628

-

17,607

16,844

8.

Creditors: amounts falling due within one year

2025

2024

£

Bank loans and overdrafts

129,694

139,557

Trade creditors

2,366

5,443

Corporation tax

28,327

12,081

Other creditors

14,800

Directors' current accounts

156,867

219,673

Accruals and deferred income

8,707

6,507

340,761

398,061

In regards to the company's bank loans and overdrafts, the company's bankers hold a first legal charge over the company's freehold properties.

Included in bank loans is £7,200 (2024 £12,600) relating to a government backed Coronavirus Business Interruption loan payable over six years. Interest became chargeable twelve months after the loan was drawn.

9.

Creditors: amounts falling due after more than one year

2025

2024

£

Bank loans and overdrafts

1,800

7,200

In regards to the company's bank loans and overdrafts, the company's bankers hold a first legal charge over the company's freehold properties.

Included in bank loans is £7,200 (2024 £12,600) relating to a government backed Coronavirus Business Interruption loan payable over six years. Interest became chargeable twelve months after the loan was drawn.

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

150,000

Ordinary share

£1

150,000