Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-31 2025-01-31 2024-02-01 false buying and renting properties 1 1 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11761490 2024-02-01 2025-01-31 11761490 2023-02-01 2024-01-31 11761490 2025-01-31 11761490 2024-01-31 11761490 c:Director1 2024-02-01 2025-01-31 11761490 d:FreeholdInvestmentProperty 2025-01-31 11761490 d:FreeholdInvestmentProperty 2024-01-31 11761490 d:CurrentFinancialInstruments 2025-01-31 11761490 d:CurrentFinancialInstruments 2024-01-31 11761490 d:Non-currentFinancialInstruments 2025-01-31 11761490 d:Non-currentFinancialInstruments 2024-01-31 11761490 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 11761490 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 11761490 d:Non-currentFinancialInstruments d:AfterOneYear 2025-01-31 11761490 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 11761490 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-01-31 11761490 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-01-31 11761490 d:ShareCapital 2025-01-31 11761490 d:ShareCapital 2024-01-31 11761490 d:RetainedEarningsAccumulatedLosses 2025-01-31 11761490 d:RetainedEarningsAccumulatedLosses 2024-01-31 11761490 c:FRS102 2024-02-01 2025-01-31 11761490 c:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 11761490 c:FullAccounts 2024-02-01 2025-01-31 11761490 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11761490 e:PoundSterling 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure

Registered number: 11761490 COMPETITIVE PROPERTIES LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JANUARY 2025
COMPETITIVE PROPERTIES LIMITED CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFCOMPETITIVE PROPERTIES LIMITED FOR THE YEAR ENDED 31 JANUARY 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Competitive Properties Limited for the year ended 31 January 2025 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us. This report is made solely to the director of Competitive Properties Limited in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Competitive Properties Limited and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Competitive Properties Limited and its director for our work or for this report. It is your duty to ensure that Competitive Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and loss. You consider that Competitive Properties Limited is exempt from the statutory audit requirement for the . We have not been instructed to carry out an audit or review of the financial statements of Competitive Properties 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. Shipleys Tax Planning 2 October 2025 Page 1
COMPETITIVE PROPERTIES LIMITED REGISTERED NUMBER: 11761490 BALANCE SHEET AS AT 31 JANUARY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 452,781 |  | 452,781
|  |  | 452,781 |  | 452,781
Current assets |  |  |  |  |
Cash at bank and in hand | 5 | 904 |  | 26,674 |
|  | 904 |  | 26,674 |
Creditors: amounts falling due within one year | 6 | (101,028) |  | (126,785) |
Net current liabilities |  |  | (100,124) |  | (100,111)
Total assets less current liabilities |  |  | 352,657 |  | 352,670
Creditors: amounts falling due after more than one year | 7 |  | (346,000) |  | (346,000)
Net assets |  |  | 6,657 |  | 6,670
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | 6,656 |  | 6,669
|  |  | 6,657 |  | 6,670
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 October 2025.
Sajid Mahmood
Page 2
COMPETITIVE PROPERTIES LIMITED REGISTERED NUMBER: 11761490 BALANCE SHEET (CONTINUED) AS AT 31 JANUARY 2025
Director
The notes on pages 4 to 7 form part of these financial statements. Page 3
COMPETITIVE PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
1. | General information
Competitive Properties Ltd is a company domiciled in England & Wales, registration number 11761490. The registered office is 3 Hartman Place, Bradford, BD9 5DN. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 4
COMPETITIVE PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.5 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 2.6 | Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.7 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.8 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
Page 5
COMPETITIVE PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 February 2024 | 452,781
| At 31 January 2025 | 452,781
The 2025 valuations were made by the director, Mr S Mahmood, on an open market value for existing use basis.
5. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 904 | 26,674
|  | 904 | 26,674
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax | 996 | 938
| Other creditors | 100,032 | 124,047
| Accruals and deferred income | - | 1,800
|  | 101,028 | 126,785
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 346,000 | 346,000
|  | 346,000 | 346,000
Page 6
COMPETITIVE PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
8. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due after more than 5 years |  |
| Bank loans | 346,000 | 346,000
|  | 346,000 | 346,000
|  | 346,000 | 346,000
| There are three loans in the company. A loan of £118,000 was taken out in the 2023 with The Mortgage Lender. Repayments are on an interest only basis with interest rates fixed at 5.79% for 5 years (2024: 4 years), followed by a variable rate of 4.96% above The Mortgage Lender Buy To Let Base Rate, which currently stands at 4%. The capital element of this loan is repayable to The Mortgage Lender after a period of 24 years (2024: 25 years). Security has been granted in favour of The Mortgage Lender over the land and building of the property with which the loan is secured against. In addition, a personal guarantee from the director Mr Sajid Mahmood is also in place as security. The second loan of £107,500 was taken out in 2022 with The Mortgage Lender. Repayments are on an interest only basis with interest rates fixed at 3.33% for 3 years (2024: 4 years). The capital element of this loan is repayable to The Mortgage Lender after a period of 21 years (2024: 22 years). A personal guarantee from the director Mr Sajid Mahmood is in place as security. The third loan of £120,000 is on an interest only basis with interest rates fixed at 3.49% for a period of 2 years (2024: 3 years) followed by a variable rate of 5.4% above the Bank of England base rate, which currently stands at 5.25%. The capital element of this loan is repayable to Precise Mortgages after a period of 22 years (2024: 23 years). A personal guarantee from the director Mr Sajid Mahmood is in place as security.
9. | Related party transactions
| During the year the company repaid the director £24,015 (2024: £7,501). At the balance sheet date other creditors included £100,032 (2024: £124,047) as amounts owed to the director.
10. | Controlling party
The company is controlled by the director Mr Sajid Mahmood.
Page 7