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Company Registration No. 12343563 (England and Wales)
PTL Estates Ltd Unaudited accounts for the year ended 31 August 2025
PTL Estates Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PTL Estates Ltd Company Information for the year ended 31 August 2025
Directors
Praful Patel Esneda Patel
Company Number
12343563 (England and Wales)
Registered Office
6 North End Parade London W14 0SJ ENGLAND
Accountants
'Evolve Accounting and Tax Solutions Ltd' Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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PTL Estates Ltd Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
7,530
10,039
Investment property
5
43,305,316
43,913,615
43,312,846
43,923,654
Current assets
Debtors
6
1,274,226
356,766
Cash at bank and in hand
1,167,068
1,398,751
2,441,294
1,755,517
Creditors: amounts falling due within one year
7
(356,673)
(377,314)
Net current assets
2,084,621
1,378,203
Total assets less current liabilities
45,397,467
45,301,857
Creditors: amounts falling due after more than one year
8
(19,590,330)
(19,079,042)
Net assets
25,807,137
26,222,815
Capital and reserves
Called up share capital
1,000
1,000
Share premium
25,185,609
25,185,609
Profit and loss account
620,528
1,036,206
Shareholders' funds
25,807,137
26,222,815
For the year ending 31 August 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 1 May 2026 and were signed on its behalf by
Praful Patel Director Company Registration No. 12343563
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PTL Estates Ltd Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
PTL Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 12343563. The registered office is 6 North End Parade, London, W14 0SJ, ENGLAND.
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.
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:
Motor vehicles
20% reducing balance
Fixtures & fittings
25% reducing balance
Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliable measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rental Income Rental Income is recognised in the period in which the property is occupied by the tenants.
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.
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.
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PTL Estates Ltd Notes to the Accounts for the year ended 31 August 2025
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 September 2024
17,000
3,928
20,928
At 31 August 2025
17,000
3,928
20,928
Depreciation
At 1 September 2024
9,395
1,494
10,889
Charge for the year
1,901
608
2,509
At 31 August 2025
11,296
2,102
13,398
Net book value
At 31 August 2025
5,704
1,826
7,530
At 31 August 2024
7,605
2,434
10,039
5
Investment property
2025
£
Fair value at 1 September 2024
43,913,615
Additions
1,216,701
Disposals
(625,000)
Net loss from fair value adjustments
(1,200,000)
At 31 August 2025
43,305,316
The investment properties were professionally valued as at 28 February 2025. The directors do not believe there have been any significant changes to the value as at the year end.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Deferred tax asset
300,000
-
Accrued income and prepayments
286,208
154,876
Other debtors
688,018
201,890
1,274,226
356,766
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
178,993
206,574
Other creditors
170,480
163,540
Accruals
7,200
7,200
356,673
377,314
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PTL Estates Ltd Notes to the Accounts for the year ended 31 August 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
19,590,330
19,079,042
The company has 3 interest only mortgage which is secured by way of a debenture over the entire assets and undertaking of the company including a first legal charge over the investment properties for one and another which is secured over over a specific investment property. The increase between the original loan balance and current balance relates to deferred interest. The loan provider has a joint and several guarantee from the directors limited to a sum of £1,500,000.
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Praful Patel
The company will charge interest at 5%p.a on any outstanding loan.
200,000
709,915
225,898
684,017
200,000
709,915
225,898
684,017
An interest rate of 5%p.a. is applied to the loan and will be payable at the end of the term or repayment date, whichever is the earlier. The loan above was repaid in full on 27 January 2026.
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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