Permitted Developments Investments No 16 Limited

 

(Registration number: 12434626)
Balance Sheet as at 30 June 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	22,732,954	22,474,697
Current assets
Debtors	5	151,906	283,170
Cash at bank and in hand		600,249	851,674
		752,155	1,134,844
Creditors: Amounts falling due within one year	6	(812,610)	(788,529)
Net current (liabilities)/assets		(60,455)	346,315
Total assets less current liabilities		22,672,499	22,821,012
Creditors: Amounts falling due after more than one year	6	(18,767,488)	(18,742,898)
Provisions for liabilities		(873,071)	(873,071)
Net assets		3,031,940	3,205,043
Capital and reserves
Called up share capital		120	120
Profit and loss account		(859,652)	(686,549)
Non-distributable reserve		3,891,472	3,891,472
Total equity		3,031,940	3,205,043

For the financial year ending 30 June 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 October 2026 and signed on its behalf by:
 

Permitted Developments Investments No 16 Limited

 

(Registration number: 12434626)
Balance Sheet as at 30 June 2026

......................................... I Hanokh Director

Permitted Developments Investments No 16 Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

These financial statements were authorised for issue by the Board on 13 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rental income, service charges and other recoveries from the tenants of the companies investment properties in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Permitted Developments Investments No 16 Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Permitted Developments Investments No 16 Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

Permitted Developments Investments No 16 Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 July 2025	22,453,529	21,168	22,474,697
Additions	258,257	-	258,257
At 30 June 2026	22,711,786	21,168	22,732,954
Depreciation
Carrying amount
At 30 June 2026	22,711,786	21,168	22,732,954
At 30 June 2025	22,453,529	21,168	22,474,697

Included within the net book value of land and buildings above is £22,711,786 (2025 - £22,453,529) in respect of freehold land and buildings.
 

5

Debtors

Current	2026 £	2025 £
Prepayments	95,476	220,522
Other debtors	56,430	62,648
	151,906	283,170

Permitted Developments Investments No 16 Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings		-	128,500
Trade creditors		27,466	27,466
Taxation and social security		25,114	25,114
Accruals and deferred income		371,554	212,754
Other creditors		388,476	394,695
		812,610	788,529

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings		18,767,488	18,742,898

Creditors include bank loans and other loans which are secured of £13,824,792 (2025 - £13,690,046).