PAUL PAGE PROPERTIES LIMITED - Filleted accounts

Registered number

11781148

PAUL PAGE PROPERTIES LIMITED

Filleted Accounts

31 January 2026

PAUL PAGE PROPERTIES LIMITED
Registered number:		11781148
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Investment property	4		173,135			173,135

Current assets
Debtors	5	1,299			750
Cash at bank and in hand		1,834			1,333
		3,133			2,083

Creditors: amounts falling due within one year	6	(99,593)			(94,626)

Net current liabilities			(96,460)			(92,543)

Total assets less current liabilities			76,675			80,592

Creditors: amounts falling due after more than one year	7		(75,470)			(82,168)



Net assets/(liabilities)			1,205			(1,576)

Capital and reserves
Called up share capital			100			100
Profit and loss account			1,105			(1,676)

Shareholders' funds			1,205			(1,576)

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.





Mrs C Page
Director
Approved by the board on 9 July 2026

PAUL PAGE PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 January 2026


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 includes revenue earned from rent receivable from real estate. Turnover is recognised by reference to the stage of completion of the tenancy contract. The stage of completion of a contract is measured by comparing the costs incurred in providing premises and other facilities to date with the total contracted rent receivable.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Equipment and furniture	20% on straight line

	Investment property
	Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to fair value reserve.

	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.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Office equipment
£
	Cost
	At 1 February 2025				4,944
	At 31 January 2026				4,944

	Depreciation
	At 1 February 2025				4,944
	At 31 January 2026				4,944

	Net book value
	At 31 January 2026				-


4	Investment property				Total
£
	Fair value
	At 1 February 2025				173,135
	Additions				-
	Revaluations				-
	Disposals				-

	At 31 January 2026				173,135

	Net book value
	At 31 January 2026				173,135

	At 31 January 2025				173,135


	The property has been valued at the balance sheet date by the directors, who believe the carrying value to be its fair value. There has been no valuation of the investment property by an independent valuer.


5	Debtors		2026		2025
£				£

	Other debtors		1,299		750


6	Creditors: amounts falling due within one year		2026		2025
£				£

	Bank loans and overdrafts		13,127		13,775
	Director's current account		84,404		79,373
	Corporation tax payable		652		128
	Accrued expenses		660		600
	Other creditors		750		750
			99,593		94,626


7	Creditors: amounts falling due after one year		2026		2025
£				£

	Bank loans		75,470		82,168

	The mortgage is on capital repayment basis and secured by fixed and floating charges over the investment property.
8	Loans		2026		2025
£				£
	Creditors include:

	Secured loans		88,597		95,943




9	Controlling party

	The company is controlled by Mr P Charalambous and Mrs C Page. Their control comes by virtue of their directorships, shareholdings and day to day running of the business.


10	Other information

	PAUL PAGE PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Devonshire House
	582 Honeypot Lane
	Stanmore
	Middlesex
	HA7 1JS