Company No: 15736761 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	C Joly (Appointed 23 May 2024)
	S Watine (Appointed 23 May 2024)

REGISTERED OFFICE	10th Floor 240 Blackfriars Road
	London
	SE1 8NW
	United Kingdom

COMPANY NUMBER

15736761 (England and Wales)

	Note	31.05.2025
		£
Current assets
Debtors	3	220,005
Cash at bank and in hand		732,363
		952,368
Prepayments and accrued income		1,869,729
Creditors: amounts falling due within one year	4	( 2,825,535)
Net current liabilities		(3,438)
Total assets less current liabilities		(3,438)
Net liabilities		( 3,438)
Capital and reserves
Called-up share capital		1
Profit and loss account		( 3,439 )
Total shareholders' deficit		( 3,438)

For the financial period ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Pelican Development Limited (registered number: 15736761) were approved and authorised for issue by the Board of Directors on 13 July 2026. They were signed on its behalf by:

S Watine Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Pelican Development Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 10th Floor 240 Blackfriars Road, London, SE1 8NW, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised as the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Turnover is recognised in the period the services relate to based on the stage of completion.

2. Employees

	Period from 23.05.2024 to 31.05.2025
	Number
Monthly average number of persons employed by the company during the period	0

3. Debtors

	31.05.2025
	£
Prepayments	87,953
VAT recoverable	83,005
Other debtors	49,047
	220,005

4. Creditors: amounts falling due within one year

	31.05.2025
	£
Trade creditors	298,862
Amounts owed to directors	2,490,812
Other taxation and social security	20,649
Other creditors	15,212
	2,825,535

Amounts owed to directors

Loans advanced by the director, S Watine, are provided on a non interest bearing basis.