Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mr N P Flavin 03/03/2017 Mr P T Flavin 15/12/2020 Mr A Gill 15/12/2020 Mr G Wilson 15/12/2020 01 August 2025 The principal activity of the company during the financial year is the letting of residential property. 10650285 2025-03-31 10650285 bus:Director1 2025-03-31 10650285 bus:Director2 2025-03-31 10650285 bus:Director3 2025-03-31 10650285 bus:Director4 2025-03-31 10650285 2024-03-31 10650285 core:CurrentFinancialInstruments 2025-03-31 10650285 core:CurrentFinancialInstruments 2024-03-31 10650285 core:Non-currentFinancialInstruments 2025-03-31 10650285 core:Non-currentFinancialInstruments 2024-03-31 10650285 core:ShareCapital 2025-03-31 10650285 core:ShareCapital 2024-03-31 10650285 core:RetainedEarningsAccumulatedLosses 2025-03-31 10650285 core:RetainedEarningsAccumulatedLosses 2024-03-31 10650285 core:FurnitureFittings 2024-03-31 10650285 core:FurnitureFittings 2025-03-31 10650285 core:MoreThanFiveYears 2025-03-31 10650285 core:MoreThanFiveYears 2024-03-31 10650285 bus:OrdinaryShareClass1 2025-03-31 10650285 bus:OrdinaryShareClass2 2025-03-31 10650285 2024-04-01 2025-03-31 10650285 bus:FilletedAccounts 2024-04-01 2025-03-31 10650285 bus:SmallEntities 2024-04-01 2025-03-31 10650285 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10650285 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10650285 bus:Director1 2024-04-01 2025-03-31 10650285 bus:Director2 2024-04-01 2025-03-31 10650285 bus:Director3 2024-04-01 2025-03-31 10650285 bus:Director4 2024-04-01 2025-03-31 10650285 core:FurnitureFittings core:TopRangeValue 2024-04-01 2025-03-31 10650285 2023-04-01 2024-03-31 10650285 core:FurnitureFittings 2024-04-01 2025-03-31 10650285 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 10650285 core:MoreThanFiveYears 2024-04-01 2025-03-31 10650285 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 10650285 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10650285 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 10650285 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10650285 (England and Wales)

EXCELLE PROPERTY LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

EXCELLE PROPERTY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

EXCELLE PROPERTY LIMITED

BALANCE SHEET

As at 31 March 2025
EXCELLE PROPERTY LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 16,661 21,224
Investment property 4 2,526,047 2,242,422
2,542,708 2,263,646
Current assets
Debtors 5 1,050 1,507
Cash at bank and in hand 9,064 10,180
10,114 11,687
Creditors: amounts falling due within one year 6 ( 1,238,121) ( 1,414,707)
Net current liabilities (1,228,007) (1,403,020)
Total assets less current liabilities 1,314,701 860,626
Creditors: amounts falling due after more than one year 7 ( 1,263,215) ( 862,500)
Provision for liabilities ( 31,250) ( 31,250)
Net assets/(liabilities) 20,236 ( 33,124)
Capital and reserves
Called-up share capital 8 400 400
Profit and loss account 19,836 ( 33,524 )
Total shareholders' funds/(deficit) 20,236 ( 33,124)

Included within the Profit and loss account are non-distributable reserves totalling £93,750 (2024: £93,750). These are disclosed net of deferred tax.

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Excelle Property Limited (registered number: 10650285) were approved and authorised for issue by the Board of Directors on 01 August 2025. They were signed on its behalf by:

Mr N P Flavin
Director
EXCELLE PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
EXCELLE PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Excelle Property Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 17, The Old Stables Newcourt Barton, Clyst Road, Exeter, EX3 0DB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts chargeable in respect of rents receivable on an accruals basis.

Taxation


Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 5 years straight line
Investment property

Investment property is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 April 2024 32,436 32,436
Additions 1,926 1,926
At 31 March 2025 34,362 34,362
Accumulated depreciation
At 01 April 2024 11,212 11,212
Charge for the financial year 6,489 6,489
At 31 March 2025 17,701 17,701
Net book value
At 31 March 2025 16,661 16,661
At 31 March 2024 21,224 21,224

4. Investment property

Investment property
£
Valuation
As at 01 April 2024 2,242,422
Additions 283,625
As at 31 March 2025 2,526,047

Valuation

The investment properties were valued as of 31 March 2025 by a director who is internal to the company. The basis of the valuation was open market value.

There has been no valuation of investment property by an independent valuer.

5. Debtors

2025 2024
£ £
Prepayments 1,050 1,507

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 0 224
Amounts owed to directors 101,707 122,111
Accruals 2,880 2,578
Other creditors 1,133,534 1,289,794
1,238,121 1,414,707

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans (secured) 1,263,215 862,500

Bank loans include £1,263,215 (2024: 862,500). The loan is secured over the investment properties it relates to.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2025 2024
£ £
Bank loans (secured) 1,263,215 862,500

Bank loans include £1,263,215 (2023: £862,500). The loan is secured over the investment properties it relates to.

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100
300 Ordinary A shares of £ 1.00 each 300 300
400 400

All shares rank pari passu in all respects, but shall constitute a separate class of shares.

9. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2025 2024
£ £
Single Ply Structure Holdings Limited 1,133,534 1,289,794

During the current year, a loan existed between Excelle Property Limited and Single Ply Structures Holdings Limited, a company under common control. No interest was charged on the loan and the balance is repayable on demand. At the balance sheet date the amount due to Single Ply Structures Holdings Limited was £1,133,534 (2024: £1,289,794).