Company registration number 12843044 (England and Wales)
PALS PROPERTY HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
PALS PROPERTY HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
PALS PROPERTY HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
5
980,524
980,524
Current assets
Debtors
6
7,780
7,697
Cash at bank and in hand
13,582
3,124
21,362
10,821
Creditors: amounts falling due within one year
7
(319,339)
(306,573)
Net current liabilities
(297,977)
(295,752)
Total assets less current liabilities
682,547
684,772
Creditors: amounts falling due after more than one year
8
(306,380)
(315,086)
Net assets
376,167
369,686
Capital and reserves
Called up share capital
9
100
100
Revaluation reserve
10
383,437
383,437
Profit and loss reserves
(7,370)
(13,851)
Total equity
376,167
369,686
PALS PROPERTY HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2025
31 August 2025
- 2 -

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 March 2026 and are signed on its behalf by:
Mr P Towler
Director
Company registration number 12843044 (England and Wales)
PALS PROPERTY HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

Pals Property Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 5 Dorlan Court, Alan Ramsbottom Way, Great Harwood, Lancashire, England, BB6 7UR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
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 current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

PALS PROPERTY HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
3,749
4,472
4
Dividends
2025
2024
£
£
Ordinary B Final paid
9,500
21,266
5
Investment property
2025
£
Fair value
At 1 September 2024 and 31 August 2025
980,524
PALS PROPERTY HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 5 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
70
69
Other debtors
7,710
7,628
7,780
7,697
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
17,848
17,344
Amounts owed to group undertakings
295,266
280,766
Corporation tax
3,749
4,472
Other taxation and social security
1,266
1,866
Other creditors
1,210
2,125
319,339
306,573
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
306,380
315,086
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
90
90
90
90
Ordinary B of £1 each
10
10
10
10
100
100
100
100
10
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
383,437
383,437
2025-08-31 2024-09-01 false false false 04 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs A L Towler Mr P Towler 12843044 2024-09-01 2025-08-31 12843044 2025-08-31 12843044 2024-08-31 12843044 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 12843044 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 12843044 core:WithinOneYear 2025-08-31 12843044 core:WithinOneYear 2024-08-31 12843044 core:AfterOneYear 2025-08-31 12843044 core:AfterOneYear 2024-08-31 12843044 core:CurrentFinancialInstruments 2025-08-31 12843044 core:CurrentFinancialInstruments 2024-08-31 12843044 core:ShareCapital 2025-08-31 12843044 core:ShareCapital 2024-08-31 12843044 core:RevaluationReserve 2025-08-31 12843044 core:RevaluationReserve 2024-08-31 12843044 core:RetainedEarningsAccumulatedLosses 2025-08-31 12843044 core:RetainedEarningsAccumulatedLosses 2024-08-31 12843044 core:ShareCapitalOrdinaryShareClass1 2025-08-31 12843044 core:ShareCapitalOrdinaryShareClass1 2024-08-31 12843044 core:ShareCapitalOrdinaryShareClass2 2025-08-31 12843044 core:ShareCapitalOrdinaryShareClass2 2024-08-31 12843044 core:ShareCapitalOrdinaryShares 2025-08-31 12843044 core:ShareCapitalOrdinaryShares 2024-08-31 12843044 bus:Director2 2024-09-01 2025-08-31 12843044 2023-09-01 2024-08-31 12843044 core:UKTax 2024-09-01 2025-08-31 12843044 core:UKTax 2023-09-01 2024-08-31 12843044 2024-08-31 12843044 core:Non-currentFinancialInstruments 2025-08-31 12843044 core:Non-currentFinancialInstruments 2024-08-31 12843044 bus:OrdinaryShareClass1 2024-09-01 2025-08-31 12843044 bus:OrdinaryShareClass2 2024-09-01 2025-08-31 12843044 bus:OrdinaryShareClass1 2025-08-31 12843044 bus:OrdinaryShareClass1 2024-08-31 12843044 bus:OrdinaryShareClass2 2025-08-31 12843044 bus:OrdinaryShareClass2 2024-08-31 12843044 bus:AllOrdinaryShares 2025-08-31 12843044 bus:AllOrdinaryShares 2024-08-31 12843044 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 12843044 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 12843044 bus:FRS102 2024-09-01 2025-08-31 12843044 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 12843044 bus:Director1 2024-09-01 2025-08-31 12843044 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP