| Pledream Properties Limited |
| Registered number: |
01018459 |
| Balance Sheet |
| as at 31 August 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
6,595,805 |
|
|
6,463,481 |
|
| Current assets |
| Debtors |
4 |
|
121,542 |
|
|
117,753 |
| Cash at bank and in hand |
|
|
1,170,936 |
|
|
918,248 |
|
|
|
1,292,478 |
|
|
1,036,001 |
|
| Creditors: amounts falling due within one year |
5 |
|
(54,285) |
|
|
(49,795) |
|
| Net current assets |
|
|
|
1,238,193 |
|
|
986,206 |
|
| Total assets less current liabilities |
|
|
|
7,833,998 |
|
|
7,449,687 |
|
|
| Provisions for liabilities |
|
|
|
(1,439,885) |
|
|
(1,369,788) |
|
|
| Net assets |
|
|
|
6,394,113 |
|
|
6,079,899 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
9,304 |
|
|
9,304 |
| Share premium |
|
|
|
44 |
|
|
44 |
| Profit and loss account |
6 |
|
|
6,384,765 |
|
|
6,070,551 |
|
| Shareholders' funds |
|
|
|
6,394,113 |
|
|
6,079,899 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Richard Jenkins |
| Director |
| Approved by the board on 13 March 2026 |
|
| Pledream Properties Limited |
| Notes to the Accounts |
| for the year ended 31 August 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes, and comprises the net rent and other income from the properties owned by the company. |
|
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Investment properties are revalued annually by either professional valuers, or by the directors. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. As required by FRS102, provision is made for deferred tax arising from the revaluation of investment properties, and from claims for rollover relief. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
4 |
|
4 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 September 2024 |
6,463,464 |
|
2,045 |
|
6,465,509 |
|
Surplus on revaluation |
132,324 |
|
- |
|
132,324 |
|
At 31 August 2025 |
6,595,788 |
|
2,045 |
|
6,597,833 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2024 |
- |
|
2,028 |
|
2,028 |
|
At 31 August 2025 |
- |
|
2,028 |
|
2,028 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2025 |
6,595,788 |
|
17 |
|
6,595,805 |
|
At 31 August 2024 |
6,463,464 |
|
17 |
|
6,463,481 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The company's let properties had been valued in 2017 by Messrs Kemsley LLP. They were revalued by the |
|
directors as at 31st March 2023. The portfolio of freehold ground rents had been valued in 2014 by Messrs |
|
Chestertons. Their valuation was based on the amounts receivable as a result of the exercise by all the |
|
leaseholders of their rights under the Leasehold Reform, Housing & Urban Development Act 1993, as |
|
amended by the Commonhold and Leasehold Reform Act 2002. There have been many disposals and |
|
part-disposals since that date, but the directors have used a similar formula for their valuation as at 31st |
|
August 2025. |
|
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
121,542 |
|
117,753 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
3,593 |
|
2,812 |
|
Other creditors |
50,692 |
|
46,983 |
|
|
|
|
|
|
54,285 |
|
49,795 |
|
|
|
|
|
|
|
|
|
| 6 |
Profit and loss account |
2025 |
|
2024 |
| £ |
£ |
|
|
Available for distribution |
2,497,325 |
|
2,073,697 |
|
Investment property revaluation reserve |
3,887,440 |
|
3,996,854 |
|
|
|
|
|
|
6,384,765 |
|
6,070,551 |
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Controlling party |
|
The company is controlled by R M Jenkins. |
|
| 8 |
Other information |
|
|
Pledream Properties Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Whixall House |
|
Exeter Road |
|
London |
|
NW2 4SD |