Peters Properties Kent Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08245508 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PETERS PROPERTIES KENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Waddell

REGISTERED OFFICE:

Lakeside Services

Sturry Road

Canterbury

Kent

CT1 1DS

REGISTERED NUMBER:

08245508 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,030,292

2,535,923

Investments

5

7,353,975

6,150,000

Investment property

6

31,214,869

40,599,136

39,900,792

CURRENT ASSETS

Debtors

7

5,538,233

1,807,426

Cash at bank

137,906

3,770,245

5,676,139

5,577,671

CREDITORS

Amounts falling due within one year

8

32,739,526

32,771,952

NET CURRENT LIABILITIES

(27,063,387

)

(27,194,281

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,535,749

12,706,511

CREDITORS

Amounts falling due after more than one
year

9

(5,946,462

)

(5,946,462

)

PROVISIONS FOR LIABILITIES

(233,776

)

(233,776

)

NET ASSETS

7,355,511

6,526,273

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

7,355,411

6,526,173

SHAREHOLDERS' FUNDS

7,355,511

6,526,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

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

P Waddell - Director

1.	STATUTORY INFORMATION

Peters Properties Kent 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

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

Plant and machinery etc

-

20% on 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.

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.

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 NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 January 2024

2,947,034

113,000

3,060,034

Additions

-

89,999

Disposals

(103,385

)

-

(103,385

)

At 31 December 2024

2,843,649

202,999

3,046,648

DEPRECIATION

At 1 January 2024

501,511

22,600

524,111

Charge for year

456,145

36,100

492,245

At 31 December 2024

957,656

58,700

1,016,356

NET BOOK VALUE

At 31 December 2024

1,885,993

144,299

2,030,292

At 31 December 2023

2,445,523

90,400

2,535,923

5.	FIXED ASSET INVESTMENTS

Loans to

other

participating

interests

£

At 1 January 2024

6,150,000

New in year

1,238,975

Repayment in year

(35,000

)

At 31 December 2024

7,353,975

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

31,214,869

NET BOOK VALUE

At 31 December 2024

31,214,869

At 31 December 2023

31,214,869

Fair value at 31 December 2024 is represented by:

£

Valuation in 2020

8,879,088

Cost

22,335,781

31,214,869

The investment property was revalued for the first time upon transition to FRS 102. A valuation was carried out by an independent third party in August 2016, with the fair value determined by the appraisal of recent property transactions in the area.

The director reviewed the valuations and believe they are consistent with the market at 31 December 2024.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

162,042

85,153

Amounts owed by group undertakings

2,494,330

9,200

Other debtors

2,881,861

1,713,073

5,538,233

1,807,426

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

144,894

117,035

Amounts owed to group undertakings

32,317,192

32,304,072

Other creditors

277,440

350,845

32,739,526

32,771,952

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans

5,946,462

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

1

100

11.	RELATED PARTY DISCLOSURES

Bapchild Motoring World (Kent) Limited

Bapchild Motoring World (Kent) Limited, a fellow subsidiary, occupied premises owned by Peters Properties Kent Limited.

Rents received during the period totalled £1,325,000 (2023: £1,025,000) and were fully paid at the balance sheet date.

Mr P Waddell, a company director, is the ultimate controlling party by virtue of his shareholding in the parent company.

The company is a subsidiary undertaking of Peter Waddell Holdco Limited.

The largest group in which the results of the company are consolidated is that headed by Peter Waddell Holdeo Limited, The Showroom, Lakeside Service Station, Sturry Road, Canterbury, Kent, United Kingdom, CT1 1DS. No other group financial statements include the results of the Company. The consolidated financial statements of the group is available to the public and may be obtained from the registered office.