REGISTERED NUMBER: 13803284 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Pleasure Residential Limited

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

574,000

165,000

CURRENT ASSETS

Debtors

5

2,961

5,660

Cash at bank

4,771

3,598

7,732

9,258

CREDITORS

Amounts falling due within one year

6

197,389

188,641

NET CURRENT LIABILITIES

(189,657

)

(179,383

)

TOTAL ASSETS LESS CURRENT LIABILITIES

384,343

(14,383

)

CREDITORS

Amounts falling due after more than one year

7

(368,465

)

-

PROVISIONS FOR LIABILITIES

(8,590

)

(584

)

NET ASSETS/(LIABILITIES)

7,288

(14,967

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Fair value reserve

10

44,254

2,489

Retained earnings

(37,066

)

(17,556

)

SHAREHOLDERS' FUNDS

7,288

(14,967

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 June 2026 and were signed by:

Mr. Eelco Philip Kanters - Director

1.	STATUTORY INFORMATION

Pleasure Residential Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13803284

Registered office:

01 Meadlake Place

Thorpe Lea Road

Egham

Surrey

TW20 8HE

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment properties are 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

165,000

Additions

359,229

Revaluations

49,771

At 31 December 2025

574,000

NET BOOK VALUE

At 31 December 2025

574,000

At 31 December 2024

165,000

Investment property situated at 13 Pleasant Street, Blackpool, FY1 2JA is under a charge from Hampshire Trust Bank PLC. The charge was created on 30th January 2025.

Investment property situated at 97 Park Road, Blackpool, FY1 4ET is under a charge from Hampshire Trust Bank PLC. The charge was created on 17th April 2025.

Fair value at 31 December 2025 is represented by:

£

Valuation in 2023

8,072

Valuation in 2024

(5,000

)

Valuation in 2025

49,771

Cost

521,157

574,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

2,961

5,660

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Taxation and social security

-

2,487

Other creditors

197,389

186,154

197,389

188,641

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

368,465

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

368,465

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

368,465

-

The loan amounting to £110,468 is secured by the way of charge on the property situated at 13 Pleasant Street, Blackpool, FY1 2JA (disclosed as investment property). The charge was created in the name of Hampshire Trust Bank PLC on 30th January 2025.

The loan amounting to £257,997 is secured by the way of charge on the property situated at 97 Park Road, Blackpool, FY1 4ET (disclosed as investment property). The charge was created in the name of Hampshire Trust Bank PLC on 17th April 2025.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Fair

value

reserve

£

At 1 January 2025

2,489

Transfer to/from reserves

41,765

At 31 December 2025

44,254

11.	RELATED PARTY DISCLOSURES

The company owes £149,943 (2024: £150,209) to its director, Mr Eelco Philip Kanters who is also a sole shareholder of the company as at accounting year end date.