REGISTERED NUMBER: 12661906 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st May 2025

for

THE PROPERTY PAIR LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K J Richardson

Mr E A Richardson

REGISTERED OFFICE:

21 Church Street

Hobury

Wakefield

West Yorkshire

WF4 6LT

REGISTERED NUMBER:

12661906 (England and Wales)

ACCOUNTANTS:

Harrison Blakeley Accountancy Limited

21 Church Street

Horbury

Wakefield

West Yorkshire

WF4 6LT

FIXED ASSETS

Investment property

4

1,880,000

1,485,000

CURRENT ASSETS

Stocks

187,450

-

Debtors

5

10,128

8,862

Cash at bank

63,231

47,965

260,809

56,827

CREDITORS

Amounts falling due within one year

6

491,759

242,711

NET CURRENT LIABILITIES

(230,950

)

(185,884

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,649,050

1,299,116

CREDITORS

Amounts falling due after more than one year

7

1,240,320

1,026,212

NET ASSETS

408,730

272,904

CAPITAL AND RESERVES

Called up share capital

10

10

Revaluation reserve

8

555,956

394,387

Retained earnings

(147,236

)

(121,493

)

408,730

272,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd October 2025 and were signed on its behalf by:

Mr E A Richardson - Director

1.	STATUTORY INFORMATION

The Property Pair Ltd 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - NIL ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st June 2024

1,485,000

Additions

233,431

Revaluations

161,569

At 31st May 2025

1,880,000

NET BOOK VALUE

At 31st May 2025

1,880,000

At 31st May 2024

1,485,000

Fair value at 31st May 2025 is represented by:

£

Valuation in 2022

159,892

Valuation in 2023

75,815

Valuation in 2024

158,680

Valuation in 2025

161,569

Cost

1,324,044

1,880,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Other debtors

7,669

6,718

Prepayments

2,459

2,144

10,128

8,862

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Social security and other taxes

213

-

Other creditors

351,483

166,450

Directors' current accounts

135,958

75,552

Accrued expenses

4,105

709

491,759

242,711

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/5/25

31/5/24

£

£

Other loans - 1-2 years

1,788

1,668

Other loans - 2-5 years

-

1,386

Mortgages

1,238,532

1,023,158

1,240,320

1,026,212

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgages

1,238,532

1,023,158

8.

RESERVES

Revaluation

reserve

£

At 1st June 2024

394,387

Revaluation in year

161,569

At 31st May 2025

555,956