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Company No: 10961323 (England and Wales)

# POOLE TOWNSEND PROPERTIES LTD

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH THE REGISTRAR

POOLE TOWNSEND PROPERTIES LTD

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2025

Contents

POOLE TOWNSEND PROPERTIES LTD

## COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 JULY 2025
POOLE TOWNSEND PROPERTIES LTD

## COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 JULY 2025

DIRECTORS | Mr M J Oates
| Mr D W Pearce

REGISTERED OFFICE | 69-75 Duke Street
| Barrow-in-Furness
| LA14 1RP
| United Kingdom

COMPANY NUMBER | 10961323 (England and Wales)

ACCOUNTANT | Shaw Gibbs Limited
| 264 Banbury Road
| Oxford
| OX2 7DY
| United Kingdom

POOLE TOWNSEND PROPERTIES LTD

## BALANCE SHEET

AS AT 31 JULY 2025
POOLE TOWNSEND PROPERTIES LTD

## BALANCE SHEET (continued)

AS AT 31 JULY 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 888,970 |  | 888,970
|  | 888,970 |  | 888,970
Current assets |  |  |  |
Cash at bank and in hand |  | 8,806 |  | 28,956
|  | 8,806 |  | 28,956
Creditors: amounts falling due within one year | 4 | ( 539,656) |  | ( 525,645)
Net current liabilities |  | (530,850) |  | (496,689)
Total assets less current liabilities |  | 358,120 |  | 392,281
Creditors: amounts falling due after more than one year | 5 | ( 101,848) |  | ( 151,573)
Net assets |  | 256,272 |  | 240,708
Capital and reserves |  |  |  |
Called-up share capital | 6 | 200 |  | 200
Profit and loss account |  | 256,072 |  | 240,508
Total shareholders' funds |  | 256,272 |  | 240,708

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Poole Townsend Properties Ltd (registered number: 10961323) were approved and authorised for issue by the Board of Directors on 12 March 2026. They were signed on its behalf by:

Mr M J Oates Director |

POOLE TOWNSEND PROPERTIES LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2025
POOLE TOWNSEND PROPERTIES LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Poole Townsend Properties Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 69-75 Duke Street, Barrow-in-Furness, LA14 1RP, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover represents rent receivable for the year.

##### Taxation

Current tax
Taxation for the year comprises current 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 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.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 August 2024 | 888,970
As at 31 July 2025 | 888,970

#### 4. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 31,475 |  | 32,870
Taxation and social security | 3,650 |  | 12,721
Other creditors | 504,531 |  | 480,054
| 539,656 |  | 525,645

#### 5. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 101,848 |  | 151,573

#### 6. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
10,000 Ordinary A shares of £ 0.01 each | 100 |  | 100
10,000 Ordinary B shares of £ 0.01 each | 100 |  | 100
| 200 |  | 200

#### 7. Related party transactions

Included in other creditors is £476,368 (2024: £463,272) owed to the directors. These amounts are unsecured and interest free, and are repayable on demand.
At the balance sheet date Poole Townsend Properties Limited (PTP) owed Poole Townsend Estates Limited (PTE) owed £Nil (2024: £10,000), and this was included in other creditors. The loan is informal, interest free and repayable on demand.
During the period one property was rented to PTFS. The rent charged was £49,500 (2024: £49,500) and all was paid during the period. In addition two properties were rented to PTE. The rent charged was £30,500 (2024: £30,500) and all was paid during the period.
The directors have a material interest in both PTFS and PTE.