1 January 2025 v2026.31.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsexbrli:purexbrli:sharesiso4217:GBP066463432025-01-012025-12-31066463432025-12-3106646343bus:Director12025-01-012025-12-3106646343bus:CompanySecretary12025-01-012025-12-3106646343bus:RegisteredOffice2025-01-012025-12-31066463432024-01-012024-12-310664634352025-01-012025-12-310664634372025-01-012025-12-31066463432024-12-3106646343core:WithinOneYear2025-12-3106646343core:WithinOneYear2024-12-3106646343core:AfterOneYear2025-12-3106646343core:AfterOneYear2024-12-3106646343core:ShareCapital2025-12-3106646343core:ShareCapital2024-12-3106646343core:RevaluationReserve2025-12-3106646343core:RevaluationReserve2024-12-3106646343core:RetainedEarningsAccumulatedLosses2025-12-3106646343core:RetainedEarningsAccumulatedLosses2024-12-3106646343core:ShareCapital2024-01-0106646343core:RevaluationReserve2024-01-0106646343core:RetainedEarningsAccumulatedLosses2024-01-01066463432024-01-0106646343core:RevaluationReserve2024-01-012024-12-3106646343core:RetainedEarningsAccumulatedLosses2024-01-012024-12-3106646343core:ShareCapital2025-01-0106646343core:RevaluationReserve2025-01-0106646343core:RetainedEarningsAccumulatedLosses2025-01-01066463432025-01-0106646343core:RevaluationReserve2025-01-012025-12-3106646343core:RevaluationReserve22025-01-012025-12-3106646343core:RetainedEarningsAccumulatedLosses32025-01-012025-12-3106646343core:RetainedEarningsAccumulatedLosses2025-01-012025-12-3106646343core:LandBuildings2025-01-012025-12-3106646343core:PlantMachinery2025-01-012025-12-3106646343core:LandBuildings2025-01-0106646343core:PlantMachinery2025-01-0106646343core:LandBuildings2025-12-3106646343core:PlantMachinery2025-12-3106646343core:LandBuildings2024-12-3106646343core:PlantMachinery2024-12-310664634312025-01-012025-12-3106646343countries:EnglandWales2025-01-012025-12-3106646343bus:AuditExemptWithAccountantsReport2025-01-012025-12-3106646343bus:PrivateLimitedCompanyLtd2025-01-012025-12-3106646343bus:SmallEntities2025-01-012025-12-3106646343bus:FullAccounts2025-01-012025-12-31
Company registration number:
06646343
Praetorian Properties Ltd
Unaudited Financial Statements for the year ended
31 December 2025
Ledgers Ltd
Chartered Certified Accountants
Unit 10 Spitfire Business Park, Hawker Rd, Croydon, CR0 4WD, United Kingdom
Praetorian Properties Ltd
Officers and Professional Advisers
Year ended
31 December 2025
Director
R Davis
Company secretary
Graham Howard Ledger
Registered office
The Barons
Church Street
Reigate
RH2 0AJ
England
Accountant
Ledgers Ltd
Chartered Certified Accountants
Unit 10 Spitfire Business Park
Hawker Rd
Croydon
CR0 4WD
United Kingdom
Praetorian Properties Ltd
Director's Report
Year ended
31 December 2025
The director presents the report and the unaudited
financial statements
of the company for the year ended 31 December 2025.

Directors

The director who served the company during the year was as follows:
R Davis

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
29 April 2026
and signed on behalf of the board by:
R Davis
Director
Praetorian Properties Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Praetorian Properties Ltd
Year ended
31 December 2025
As described on the statement of financial position, the Board of Directors of
Praetorian Properties Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 December 2025
, which comprise the income statement, statement of total comprehensive income, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited
financial statements
in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Ledgers Ltd
Chartered Certified Accountants
Unit 10 Spitfire Business Park
Hawker Rd
Croydon
CR0 4WD
United Kingdom
Date:
29 April 2026
Praetorian Properties Ltd
Income Statement
Year ended
31 December 2025
20252024
Note££
Turnover
1,159,748
 
1,035,392
 
Gross profit
1,159,748
 
1,035,392
 
Administrative expenses
(436,644
 )
(60,888
 )
Operating profit
723,104
 
974,504
 
Other interest receivable and similar income
24,303
 
12,280
 
Interest payable and similar expenses
(582,013
 )
(695,377
 )
Profit before tax 4
165,394
 
291,407
 
Tax on profit
(5,949
 )
(4,952
 )
Profit for the financial year
159,445
 
286,455
 
Praetorian Properties Ltd
Statement of Total Comprehensive Income
Year ended
31 December 2025
20252024
££
Profit for the financial year
159,445
 
286,455
 
Revaluation of tangible assets
8,517
 
1,531,536
 
Reclassification from revaluation reserve to profit and loss account
128,518
  -  
Reclassification from other reserves to profit and loss account
(128,518
 ) -  
Total comprehensive income
167,962
 
1,817,991
 
Praetorian Properties Ltd
Statement of Financial Position
31 December 2025
20252024
Note££
Fixed assets    
Tangible assets 6
15,986,498
 
16,764,814
 
Current assets    
Debtors 7
179,518
 
116,845
 
Cash at bank and in hand
1,251,188
 
646,573
 
1,430,706
 
763,418
 
Creditors: amounts falling due within one year 8
(893,028
 )
(1,084,018
 )
Net current assets/(liabilities)
537,678
 
(320,600
 )
Total assets less current liabilities 16,524,176   16,444,214  
Creditors: amounts falling due after more than one year 9
(8,089,801
 )
(8,089,801
 )
Net assets
8,434,375
 
8,354,413
 
Capital and reserves    
Called up share capital
100
 
100
 
Revaluation reserve
5,972,519
 
5,835,484
 
Profit and loss account
2,461,756
 
2,518,829
 
Shareholders funds
8,434,375
 
8,354,413
 
For the year ending
31 December 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These
financial statements
were approved by the board of directors and authorised for issue on
29 April 2026
, and are signed on behalf of the board by:
R Davis
Director
Company registration number:
06646343
Praetorian Properties Ltd
Statement of Changes in Equity
Year ended
31 December 2025
Called up share capitalRevaluation reserveProfit and loss accountTotal
££££
At 1 January 2024
100
 
4,303,948
 
2,320,374
 
6,624,422
 
Profit for the year- - 286,455 286,455 
Other comprehensive income for the year:        
Revaluation of tangible assets- 
1,531,536
 - 
1,531,536
 
Total comprehensive income for the year- 
1,531,536
 
286,455
 
1,817,991
 
Dividends declared and paid or payable during the year- - 
(88,000
)
(88,000
)
Total investments by and distributions to owners- - 
(88,000
)
(88,000
)
At 31 December 2024 and 
1 January 2025
100
 
5,835,484
 
2,518,829
 
8,354,413
 
Profit for the year- - 159,445 159,445 
Other comprehensive income for the year:        
Revaluation of tangible assets- 
8,517
 - 
8,517
 
Reclassification from revaluation reserve to profit and loss account- 
128,518
 - 
128,518
 
Reclassification from other reserves to profit and loss account- - 
(128,518
)
(128,518
)
Total comprehensive income for the year- 
137,035
 
30,927
 
167,962
 
Dividends declared and paid or payable during the year- - 
(88,000
)
(88,000
)
Total investments by and distributions to owners- - 
(88,000
)
(88,000
)
At
31 December 2025
100
 
5,972,519
 
2,461,756
 
8,434,375
 
Praetorian Properties Ltd
Notes to the Financial Statements
Year ended
31 December 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
The Barons
,
Church Street
,
Reigate
,
RH2 0AJ
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources.These are based on historical experience and other factors considered relevant. Actual results may differ from these estimates.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for rent, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
No depreciation
Plant and machinery
15% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4 Profit before tax

Profit before tax is stated after charging/(crediting):
20252024
££
Depreciation of tangible assets
9,814
 
7,777
 

5 Average number of employees

The average number of persons employed by the company during the year was nil (2024:
2
).

6 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 January 2025
16,755,000
 
44,193
 
16,799,193
 
Additions -  
11,498
 
11,498
 
Disposals
(780,000
 ) -  
(780,000
 )
At
31 December 2025
15,975,000
 
55,691
 
16,030,691
 
Depreciation      
At
1 January 2025
 -  
34,379
 
34,379
 
Charge -  
9,814
 
9,814
 
At
31 December 2025
 -  
44,193
 
44,193
 
Carrying amount      
At
31 December 2025
15,975,000
 
11,498
 
15,986,498
 
At 31 December 2024
16,755,000
 
9,814
 
16,764,814
 
The director has obtained professional valuations for properties held by the company.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:
Land and buildingsLand and buildings
20252024
££
Aggregate historical cost 10,002,481   10,919,516  
Carrying amount 10,002,481   10,919,516  

7 Debtors

20252024
££
Trade debtors
179,518
 
116,845
 

8 Creditors: amounts falling due within one year

20252024
££
Bank loans and overdrafts -  
4,183
 
Trade creditors
(4,340
 )
75,258
 
Taxation and social security
51,294
 
83,464
 
Other creditors
846,074
 
921,113
 
893,028
 
1,084,018
 

9 Creditors: amounts falling due after more than one year

20252024
££
Bank loans and overdrafts
8,089,801
 
8,089,801
 
As security for loans advanced by Santander UK Bank the following charges have been granted: Fixed charge over the estates or interest in any freehold or leasehold property in England and Wales belonging to the company. Floating charge over all the company's undertakings, property, rights and assets other than any property, rights or assets charged by way of a fixed charge.

10 Controlling party

The ultimate controlling party is Mr R Davis, the managing director and holder of 100% of the issued share capital.