Peninsula Property Investments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Peninsula Property Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03166241 . The registered office is 25 Inglethorpe Street, London, SW6 6NS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	33% reducing balance
Computer Equipment	33% on cost

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

...CONTINUED

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Peninsula Property Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Taxation - continued

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Prior Period Adjustment

In accordance with FRS102 1A, adjustments have been made to to the financial statements for the year ended 31 March 2026, impacting the comparative figures for the year ended 31 March 2025.The adjustments relate to the reclassification of the accumulated profit; arising on the revaluation of investment properties and an overprovision of deferred tax written back in respect of those revaluations. Details of the adjustments are as follows:-

Accumulated Profit and Loss

The balance of the accumulated profit and loss account has been revised from an accumulated profit of £3,075,206 to an accumulated profit of £675,102.

Revaluation Reserve

The accumulated property revaluations being an unrealised profit have been reallocated to the revaluation reserve, a non distributable reserve. The amount reallocated from the accumulated profit and loss account is £2,669,444 net of deferred taxation.

Deferred taxation written back

The provision in respect of deferred tax related to the property revaluations was found to be overstated by £269,340. This has been written back as a prior year adjustment

The adjustments result in the following changes to comparative figures:

The introduction of a revaluation reserve balance of £2,669,444.

A reduction in the accumulate profit and loss reserve of £2,669,444.

A reduction in the deferred taxation charge of £269,340.

A reduction in the deferred taxation provision of £269,340.

The alternative disclosure was deemed more apprpriate to ensure the accounts reflect those reserves realised and available for distribution and those reserves that are not realised and not available for distribution.

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Peninsula Property Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	62,646	3,558	66,204
Additions	6,521	11,855	18,376
Disposals	-	(3,558 )	(3,558 )

As at 31 March 2026	69,167	11,855	81,022

Depreciation
As at 1 April 2025	42,726	3,557	46,283
Provided during the period	8,725	3,912	12,637
Disposals	-	(3,557 )	(3,557 )

As at 31 March 2026	51,451	3,912	55,363

Net Book Value
As at 31 March 2026	17,716	7,943	25,659

As at 1 April 2025	19,920	1	19,921

6. Investment Property

	2026
	£
Fair Value
As at 1 April 2025 and 31 March 2026	8,000,000
Additions	-

As at 31 March 2026	8,000,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2026	2025 as restated
	£	£
Cost	4,440,740	4,440,740

7. Debtors

	2026	2025 as restated
	£	£
Due within one year
Other debtors	7,914	-

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Peninsula Property Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Creditors: Amounts Falling Due Within One Year

	2026	2025 as restated
	£	£
Bank loans and overdrafts	1	7,456
Other creditors	290,949	73,374
Taxation and social security	(142 )	105,571

	290,808	186,401

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025 as restated
	£	£
Bank loans	-	1,096
Mortgage Loan	1,670,365	1,693,555
Other creditors	1,941,813	1,944,755

	3,612,178	3,639,406

10. Secured Creditors

Of the creditors the following amounts are secured.

	2026		2025 as restated
	£		£
Bank loans and overdrafts	1,670,365		1,693,555

11. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025 as restated
	£	£
Other timing differences	876,295	894,795

12. Share Capital

	2026	2025 as restated
	£	£
Allotted, Called up and fully paid	2	2

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Peninsula Property Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

13. Reserves

	Revaluation Reserve
	£
As at 1 April 2025	2,669,444

As at 31 March 2026	2,669,444

14. Related Party Transactions

The company is a wholly owned subsidiary of Peninsula Holdings Limited.The company was controlled throughout the current and previous period by the directors Mr P Rance and Mrs M Rance by virtue of the fact that they owned 100% of the issued share capital of Peninsula Holdings Limited.

There was a loan outstanding at the year end of £1,785,629 (2025-£1,439,810) to the director Mr P Rance.

There was a loan outstanding at the year end of £61,193 (2025-£90,000) to the dirctor Mrs M Rance.

There was a loan outstanding at the year end of £90,740 (2025-£421,530) to Peninsula Contruction Limited which is a company under common control.

There was a loan outstanding at the year end of £4,251 (2025-£5725) to the holding company, Peninsula Holdings Limited.

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		2026		2025 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		25,659		19,921
Investment Properties	6		8,000,000		8,000,000

			8,025,659		8,019,921
CURRENT ASSETS
Debtors	7	7,914		-
Cash at bank and in hand		34,139		45,229

		42,053		45,229
Creditors: Amounts Falling Due Within One Year	8	(290,808 )		(186,401 )

NET CURRENT ASSETS (LIABILITIES)			(248,755 )		(141,172 )

TOTAL ASSETS LESS CURRENT LIABILITIES			7,776,904		7,878,749

Creditors: Amounts Falling Due After More Than One Year	9		(3,612,178 )		(3,639,406 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(876,295 )		(894,795 )

NET ASSETS			3,288,431		3,344,548

CAPITAL AND RESERVES
Called up share capital	12		2		2
Revaluation reserve	13		2,669,444		2,669,444
Profit and Loss Account			618,985		675,102

SHAREHOLDERS' FUNDS			3,288,431		3,344,548