Pendrell Properties (Churchend) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 14368277 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Pendrell Properties (Churchend) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Pendrell

Mrs O Pendrell

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

City of Bristol

BS32 4JY

REGISTERED NUMBER:

14368277 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

46,022

38,947

Investments

5

-

580

Investment property

6

15,370,000

15,416,022

15,409,527

CURRENT ASSETS

Debtors

7

18,377

58,552

Cash at bank and in hand

480,024

227,061

498,401

285,613

CREDITORS

Amounts falling due within one year

8

185,975

169,480

NET CURRENT ASSETS

312,426

116,133

TOTAL ASSETS LESS CURRENT LIABILITIES

15,728,448

15,525,660

CREDITORS

Amounts falling due after more than one year

9

(5,407,250

)

(5,407,250

)

PROVISIONS FOR LIABILITIES

(1,682

)

(2,450

)

NET ASSETS

10,319,516

10,115,960

CAPITAL AND RESERVES

Called up share capital

11

4,969,546

Share premium

12

4,969,446

Retained earnings

12

380,524

176,968

SHAREHOLDERS' FUNDS

10,319,516

10,115,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 June 2026 and were signed on its behalf by:

M Pendrell - Director

1.	STATUTORY INFORMATION

Pendrell Properties (Churchend) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling (£), which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 April 2025

2,334

5,616

364

Additions

250

795

-

At 31 March 2026

2,584

6,411

364

DEPRECIATION

At 1 April 2025

175

745

-

Charge for year

246

1,317

91

At 31 March 2026

421

2,062

91

NET BOOK VALUE

At 31 March 2026

2,163

4,349

273

At 31 March 2025

2,159

4,871

364

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 April 2025

32,175

972

41,461

Additions

15,000

792

16,837

At 31 March 2026

47,175

1,764

58,298

DEPRECIATION

At 1 April 2025

1,567

27

2,514

Charge for year

7,652

456

9,762

At 31 March 2026

9,219

483

12,276

NET BOOK VALUE

At 31 March 2026

37,956

1,281

46,022

At 31 March 2025

30,608

945

38,947

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2025

580

Disposals

(580

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

580

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

15,370,000

NET BOOK VALUE

At 31 March 2026

15,370,000

At 31 March 2025

15,370,000

Investment property was valued on an open market basis on 31/3/2026 by the directors.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

4,329

21,181

Other debtors

14,048

5,818

Directors' current accounts

-

30,751

Prepayments and accrued income

-

802

18,377

58,552

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade creditors

19,149

5,679

Tax

90,129

82,491

Social security and other taxes

326

223

Other creditors

25,095

19,886

Directors' current accounts

25

-

Accruals and deferred income

51,251

61,201

185,975

169,480

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

Bank loans more 5 yr by instal

5,407,250

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,407,250

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

Bank loans

5,407,250

The loans to the company are secured on the properties to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

2,463,638

B Ordinary

£1

2,484,773

2,463,638

A Ordinary

£1

2,484,773

4,969,546

12.

RESERVES

Retained

Share

earnings

premium

Totals

£

At 1 April 2025

176,968

4,969,446

5,146,414

Profit for the year

269,216

Dividends

(65,660

)

(65,660

)

At 31 March 2026

380,524

4,969,446

5,349,970

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

M Pendrell and Mrs O Pendrell

Balance outstanding at start of year

30,752

-

Amounts advanced

27,600

505,516

Amounts repaid

(58,377

)

(474,764

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(25

)

30,752

14.	RELATED PARTY DISCLOSURES

Included in other creditors is a loan from Boscobel Property Holdings Ltd which is a connected company. At the year end £17,450 was outstanding. (2025 - £12,936). The loan is interest free and repayable on demand.

Included in other debtors is a loan to MJP & ODP Property Partnership a partnership owned by the directors. At the year end £9,501 was outstanding (2025 - £5,294). The loan is interest free and repayable on demand.