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REGISTERED NUMBER: 06709899 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2024 |

| FOR |

| PETTY SON & PRESTWICH LIMITED |

PETTY SON & PRESTWICH LIMITED (REGISTERED NUMBER: 06709899)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

PETTY SON & PRESTWICH LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTOR: | Mr J T Wagstaff

| REGISTERED OFFICE: | 11 Woodbine Place

| Wanstead

| London

| E11 2RH

| REGISTERED NUMBER: | 06709899 (England and Wales)

| ACCOUNTANTS: | THP Limited

| Chartered Accountants

| 34-40 High Street

| Wanstead

| London

| E11 2RJ

PETTY SON & PRESTWICH LIMITED (REGISTERED NUMBER: 06709899)

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 28,859 |  | 38,800 |  |

CURRENT ASSETS

Debtors | 5 | 818,710 |  | 790,865 |  |

Cash at bank and in hand | 1,048,879 |  | 1,065,921 |  |

1,867,589 |  | 1,856,786 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,179,899 |  | 1,155,650 |  |

NET CURRENT ASSETS | 687,690 |  | 701,136 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 716,549 |  | 739,936 |  |

PROVISIONS FOR LIABILITIES | - |  | 186 |  |

NET ASSETS | 716,549 |  | 739,750 |  |

CAPITAL AND RESERVES

Called up share capital | 350 |  | 350 |  |

Capital redemption reserve | 150 |  | 150 |  |

Retained earnings | 716,049 |  | 739,250 |  |

SHAREHOLDERS' FUNDS | 716,549 |  | 739,750 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2025 and were signed by:

Mr J T Wagstaff - Director

PETTY SON & PRESTWICH LIMITED (REGISTERED NUMBER: 06709899)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Petty Son & Prestwich Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Revenue recognition

| Revenue represents net invoiced commissions receivable in respect of sale and letting of properties, excluding value added tax.

| Revenue is recognised in the accounting period in which the services were rendered. On sales commission revenue is recognised at the point of completion of the property purchase.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Improvements to property | - | 10% on cost

| Plant and machinery | - | 25% on cost

| Fixtures and fittings | - | 25% on cost

| Motor vehicles | - | 25% on cost

| Computer equipment | - | 25% on cost

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Operating leases

| Rentals paid under operating leases are charged to the profit and loss account as incurred.

| Financial instruments

| The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently carried at this value less any provision for impairment.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 22 (2023 - 20 ) .

PETTY SON & PRESTWICH LIMITED (REGISTERED NUMBER: 06709899)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures

| to |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 January 2024 | 54,924 |  | 10,704 |  | 35,761 |  |

| Additions | - |  | - |  | 383 |  |

| Disposals | - |  | - |  | (3,970 | ) |

| At 31 December 2024 | 54,924 |  | 10,704 |  | 32,174 |  |

| DEPRECIATION

| At 1 January 2024 | 26,575 |  | 8,459 |  | 32,457 |  |

| Charge for year | 5,493 |  | 845 |  | 2,368 |  |

| Eliminated on disposal | - |  | - |  | (3,970 | ) |

| At 31 December 2024 | 32,068 |  | 9,304 |  | 30,855 |  |

| NET BOOK VALUE

| At 31 December 2024 | 22,856 |  | 1,400 |  | 1,319 |  |

| At 31 December 2023 | 28,349 |  | 2,245 |  | 3,304 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 12,959 |  | 64,186 |  | 178,534 |  |

| Additions | - |  | 3,847 |  | 4,230 |  |

| Disposals | - |  | (12,661 | ) | (16,631 | ) |

| At 31 December 2024 | 12,959 |  | 55,372 |  | 166,133 |  |

| DEPRECIATION

| At 1 January 2024 | 9,720 |  | 62,523 |  | 139,734 |  |

| Charge for year | 3,239 |  | 2,226 |  | 14,171 |  |

| Eliminated on disposal | - |  | (12,661 | ) | (16,631 | ) |

| At 31 December 2024 | 12,959 |  | 52,088 |  | 137,274 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  | 3,284 |  | 28,859 |  |

| At 31 December 2023 | 3,239 |  | 1,663 |  | 38,800 |  |

5. | DEBTORS

2024 | 2023 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 118,778 |  | 115,821 |  |

| Other debtors | 12,672 |  | 45,357 |  |

| Deposits held by DPS | 676,508 |  | 622,865 |  |

| Deferred tax asset

| Accelerated capital allowances | 805 |  | - |  |

| Prepayments | 5,072 |  | 1,947 |  |

813,835 |  | 785,990 |  |

| Amounts falling due after more than one year:

| Rent deposit | 4,875 |  | 4,875 |  |

| Aggregate amounts | 818,710 |  | 790,865 |  |

PETTY SON & PRESTWICH LIMITED (REGISTERED NUMBER: 06709899)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 20,590 |  | 14,954 |  |

| Corporation tax | 57,119 |  | 62,345 |  |

| Social security and other taxes | 34,331 |  | 46,367 |  |

| VAT | 103,391 |  | 81,044 |  |

| DPS deposits due to clients | 676,508 |  | 622,865 |  |

| Amounts due to clients | 254,667 |  | 259,640 |  |

| Accrued expenses | 33,293 |  | 68,435 |  |

1,179,899 |  | 1,155,650 |  |

| DPS deposits relate to rental deposits held by a third party "The Deposit Protection Service". The balance has been shown in debtors and creditors.

| Amounts due to clients relate to monies held in the general client bank account.

7. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 | 2023 |

£ | £ |

| Within one year | 23,716 |  | 20,724 |  |

| Between one and five years | 47,806 |  | 68,530 |  |

71,522 |  | 89,254 |  |

| The above operating leases relate to company's business premises and telephone system.

8. | REGISTERED CHARGE

| A rent security deposit deed of £10,000 has been registered at Companies House, this relates to the company's obligations to the landlord of one of its business premises.