REGISTERED NUMBER: 05544704 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Property Central Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

A S Bhandal

B S Bhandal

B S Bhandal

SECRETARY:

A S Bhandal

REGISTERED OFFICE:

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

REGISTERED NUMBER:

05544704 (England and Wales)

ACCOUNTANTS:

Wilkes Tranter & Co Limited

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Property Central Limited for the year ended 31 December 2024 which comprise the Profit and Loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Property Central Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Property Central Limited and state those matters that we have agreed to state to the Board of Directors of Property Central Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Property Central Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Property Central Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Property Central Limited. You consider that Property Central Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Property Central Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wilkes Tranter & Co Limited

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

29 September 2025

FIXED ASSETS

Tangible assets

4

376

443

Investments

5

300

300

Investment property

6

4,397,395

4,397,395

4,398,071

4,398,138

CURRENT ASSETS

Debtors

7

51,955

41,907

Cash at bank

19,269

111,795

71,224

153,702

CREDITORS

Amounts falling due within one year

8

(16,545

)

(114,368

)

NET CURRENT ASSETS

54,679

39,334

TOTAL ASSETS LESS CURRENT LIABILITIES

4,452,750

4,437,472

CREDITORS

Amounts falling due after more than one year

9

(2,270,208

)

(2,271,055

)

PROVISIONS FOR LIABILITIES

(55,490

)

(68,090

)

NET ASSETS

2,127,052

2,098,327

CAPITAL AND RESERVES

Called up share capital

900

900

Non-distributable reserve

182,591

182,591

Retained earnings

1,943,561

1,914,836

2,127,052

2,098,327

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 directors acknowledge their 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

B S Bhandal - Director

1.	STATUTORY INFORMATION

Property Central 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.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Property Central Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures, fittings and equipment

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

and

equipment

£

COST

At 1 January 2024

and 31 December 2024

3,937

DEPRECIATION

At 1 January 2024

3,494

Charge for year

67

At 31 December 2024

3,561

NET BOOK VALUE

At 31 December 2024

376

At 31 December 2023

443

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

300

NET BOOK VALUE

At 31 December 2024

300

At 31 December 2023

300

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

4,397,395

NET BOOK VALUE

At 31 December 2024

4,397,395

At 31 December 2023

4,397,395

Fair value at 31 December 2024 is represented by:

£

Valuation in 2014

182,591

Cost

4,214,804

4,397,395

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

51,955

41,907

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,641

25,158

Taxation and social security

1,288

60,758

Other creditors

13,616

28,452

16,545

114,368

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

2,270,208

2,271,055

10.	RELATED PARTY DISCLOSURES

During the year the company received funding from the directors, AS, BS and BS Bhandal. The balance due to AS, BS and BS Bhandal at 31 December 2024 was £1,980,208 (2023 - £2,281,055).

During the year the company received an interest free loan from ABBSB Limited. AS, BS and BS Bhandal are directors of ABBSB Limited. The balance outstanding at 31 December 2024 was £300,000 (2023 - £0).