Page 95 - Pobl Annual Report FY25

Annual Report 2025 93
Notes to the Financial Statements
for the year ended 31 March 2025
Group
Leasehold
properties
Freehold
office
premises
Motor
vehicles
Office
furniture
&
equipment
Computer
equipment Total
£’000 £’000 £’000 £’000 £’000
Cost
At 1 April 2024 (restated) 4,110 2,815 545 21,221 1,236 29,927
Additions 113 11 - 595 511 1,230
Disposals - - (11) (1,806) (400) (2,217)
Transfer to housing properties - - - (814) - (814)
At 31 March 2025 4,223 2,826 534 19,196 1,347 28,126
Depreciation
At 1 April 2024 (restated) 272 2,259 545 10,562 1,029 14,667
Charge for the year 100 119 - 1,196 266 1,681
Disposals - - (11) (1,466) (391) (1,868)
Transfer to housing properties - - - (24) - (24)
At 31 March 2025 372 2,378 534 10,268 904 14,456
Net Book Value
At 31 March 2025 3,851 448 - 8,928 443 13,670
At 31 March 2024 restated 3,838 556 - 10,659 207 15,260
The carrying value of land and buildings comprises:
Group
2025 2024
Restated
£’000 £’000
Freehold 1,706,437 1,529,455
Long leasehold 25,679 47,262
1,732,116 1,576,717
The total net book value of housing properties is split as above. The net book value of housing properties includes land of
£447m (2024:£425m) which is not depreciated.
Housing properties include £35.2m (2024:£31.5m) of capitalised interest, of which £3.7m (2024: £3.1m) was capitalised in the
current year.
Housing properties are held at cost, including deemed cost for previously revalued assets. The consolidated total original
historical cost of housing property assets is £2,010m (2024: £1,895m), of which the consolidated total original historical cost of
completed housing properties is £1,795m (2024:£1,685m).
13. Property, Plant and Equipment – Other Fixed Assets