1 January 2025 false No description of principal activity Taxfiler 2024.6 10856330 business:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 10856330 2024-12-31 10856330 2025-01-01 2025-12-31 10856330 business:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 10856330 business:FilletedAccounts 2025-01-01 2025-12-31 10856330 2025-12-31 10856330 business:Director1 2025-01-01 2025-12-31 10856330 business:Director2 2025-01-01 2025-12-31 10856330 business:RegisteredOffice 2025-01-01 2025-12-31 10856330 2024-12-31 10856330 core:WithinOneYear 2025-12-31 10856330 core:WithinOneYear 2024-12-31 10856330 core:AfterOneYear 2025-12-31 10856330 core:AfterOneYear 2024-12-31 10856330 core:ShareCapital core:PreviouslyStatedAmount 2025-12-31 10856330 core:ShareCapital core:PreviouslyStatedAmount 2024-12-31 10856330 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-12-31 10856330 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-12-31 10856330 core:PreviouslyStatedAmount 2025-12-31 10856330 core:PreviouslyStatedAmount 2024-12-31 10856330 business:SmallEntities 2025-01-01 2025-12-31 10856330 countries:EnglandWales 2025-01-01 2025-12-31 10856330 core:ComputerEquipment 2025-01-01 2025-12-31 10856330 core:ComputerEquipment 2024-12-31 10856330 core:ComputerEquipment 2025-12-31 10856330 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company Registration No. 10856330 (England and Wales)
Petra Property Ltd Unaudited accounts for the year ended 31 December 2025
Petra Property Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Petra Property Ltd Company Information for the year ended 31 December 2025
Directors
M O Willis N Willis
Company Number
10856330 (England and Wales)
Registered Office
3 Albion Road St Albans Hertfordshire AL1 5EB
- 3 -
Petra Property Ltd Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
5
1,419,000
1,419,000
Current assets
Debtors
6
198,979
96,997
Cash at bank and in hand
4,839
1,727
203,818
98,724
Creditors: amounts falling due within one year
7
(27)
(27)
Net current assets
203,791
98,697
Total assets less current liabilities
1,622,791
1,517,697
Creditors: amounts falling due after more than one year
8
(1,611,560)
(1,484,186)
Provisions for liabilities
Deferred tax
(7,290)
(7,290)
Net assets
3,941
26,221
Capital and reserves
Called up share capital
2
2
Profit and loss account
3,939
26,219
Shareholders' funds
3,941
26,221
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 January 2026 and were signed on its behalf by
N Willis Director Company Registration No. 10856330
- 4 -
Petra Property Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Petra Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 10856330. The registered office is 3 Albion Road, St Albans, Hertfordshire, AL1 5EB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Petra Property Ltd Notes to the Accounts for the year ended 31 December 2025
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 January 2025
1,149
At 31 December 2025
1,149
Depreciation
At 1 January 2025
1,149
At 31 December 2025
1,149
Net book value
At 31 December 2025
-
5
Investment property
2025
£
Fair value at 1 January 2025
1,419,000
At 31 December 2025
1,419,000
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
198,979
96,997
7
Creditors: amounts falling due within one year
2025
2024
£
£
Loans from directors
27
27
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
443,819
732,431
Loans from directors
1,167,741
751,755
1,611,560
1,484,186
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -