Company Registration No. 02930703 (England and Wales)
PETLEY LIMITED
Unaudited accounts
for the year ended 31 May 2025
PETLEY LIMITED
Unaudited accounts
Contents
PETLEY LIMITED
Company Information
for the year ended 31 May 2025
Secretary
Mrs C Oestreicher
Company Number
02930703 (England and Wales)
Registered Office
162 OSBALDESTON ROAD
LONDON
N16 6NJ
PETLEY LIMITED
Statement of financial position
as at 31 May 2025
Investment property
9,540,500
9,025,500
Investments
308,956
308,956
Debtors
17,662,173
14,768,332
Cash at bank and in hand
422,348
691,970
Creditors: amounts falling due within one year
(16,038,932)
(15,187,936)
Net current assets
2,045,589
272,366
Total assets less current liabilities
11,895,499
9,607,356
Creditors: amounts falling due after more than one year
(4,648,737)
(2,812,665)
Provisions for liabilities
Deferred tax
(1,084,000)
(956,000)
Net assets
6,162,762
5,838,691
Called up share capital
2
2
Profit and loss account
6,162,760
5,838,689
Shareholders' funds
6,162,762
5,838,691
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 21 May 2026 and were signed on its behalf by
Mr A Oestreicher
Director
Company Registration No. 02930703
PETLEY LIMITED
Notes to the Accounts
for the year ended 31 May 2025
PETLEY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02930703. The registered office is 162 OSBALDESTON ROAD, LONDON, N16 6NJ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Turnover is represented by rents and charges received or receivable from investment property held by the company.
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:
Fixtures & fittings
5% RBM
Computer equipment
15% RBM
Investment property is included at fair market value. Investment property fair value is determined by the directors based on their understanding of property market conditions and the specific property concerned. Gains or losses are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments in shares are included at fair value.
The financial statements have been prepared in accordance with the accounting principals appropriate to a going concern.
PETLEY LIMITED
Notes to the Accounts
for the year ended 31 May 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2024
72,834
1,476
74,310
At 31 May 2025
72,834
1,476
74,310
At 1 June 2024
72,834
942
73,776
Charge for the year
-
80
80
At 31 May 2025
72,834
1,022
73,856
Fair value at 1 June 2024
9,025,500
Net gain from fair value adjustments
515,000
The company's investment properties are included in the financial statements at Directors' valuation.
The historical cost of the investment property at 31 May 2025 is £4,465,204, (2024: £4,465,204).
6
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 June 2024
224,534
84,422
308,956
Valuation at 31 May 2025
224,534
84,422
308,956
Amounts falling due within one year
Trade debtors
26,180
27,402
Amounts due from group undertakings etc.
89,219
-
Accrued income and prepayments
142,322
-
Other debtors
17,404,452
14,740,930
PETLEY LIMITED
Notes to the Accounts
for the year ended 31 May 2025
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
131,717
160,702
Taxes and social security
8,186
94,041
Other creditors
14,586,574
13,644,857
Loans from directors
1,299,573
1,279,936
Included in other creditors is an amount of £13,394,500 (2024: £12,869,357) due to companies in which Mr Oestreicher director of this company is also a director.
9
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
4,648,737
2,812,665
The bank loans are secured by a legal charge on various investment properties held by the company.
10
Average number of employees
During the year the average number of employees was 5 (2024: 5).