REGISTERED NUMBER: 09660983 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th June 2025

for

Life Property Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R Refael

REGISTERED OFFICE:

9 High Road

Rayleigh

Essex

SS6 7SA

REGISTERED NUMBER:

09660983 (England and Wales)

ACCOUNTANTS:

Beam & Co Accountancy Limited

1579 London Road

Leigh on Sea

Essex

SS9 2SG

FIXED ASSETS

Tangible assets

4

750,000

779,258

Investment property

5

804,000

817,000

1,554,000

1,596,258

CURRENT ASSETS

Debtors

6

51,191

71,579

Cash at bank

24,258

13,949

75,449

85,528

CREDITORS

Amounts falling due within one year

7

55,954

52,932

NET CURRENT ASSETS

19,495

32,596

TOTAL ASSETS LESS CURRENT LIABILITIES

1,573,495

1,628,854

CREDITORS

Amounts falling due after more than one year

8

568,681

386,031

NET ASSETS

1,004,814

1,242,823

CAPITAL AND RESERVES

Called up share capital

10

535,527

535,527

Revaluation reserve

11

410,501

410,501

Fair value reserve

11

(226,767

)

(213,767

)

Retained earnings

285,553

510,562

SHAREHOLDERS' FUNDS

1,004,814

1,242,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 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 30th September 2025 and were signed by:

R Refael - Director

1.	STATUTORY INFORMATION

Life Property Services 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.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Land & property is revalued using the revaluation model. Periodically it is revalued to the open market value.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1st July 2024

and 30th June 2025

925,543

DEPRECIATION

At 1st July 2024

146,285

Charge for year

29,258

At 30th June 2025

175,543

NET BOOK VALUE

At 30th June 2025

750,000

At 30th June 2024

779,258

Cost or valuation at 30th June 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2016

236,538

-

236,538

Valuation in 2021

64,493

-

64,493

Valuation in 2022

65,000

-

65,000

Valuation in 2023

(20,000

)

-

(20,000

)

Valuation in 2024

(15,000

)

-

(15,000

)

Cost

594,512

-

594,512

925,543

-

925,543

On 30th June 2025 the freehold property was professionally valued on an open market basis by P H H Wheaton FRICS of Fenn Wright.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st July 2024

817,000

Revaluations

(13,000

)

At 30th June 2025

804,000

NET BOOK VALUE

At 30th June 2025

804,000

At 30th June 2024

817,000

Fair value at 30th June 2025 is represented by:

£

Valuation in 2021

(3,994

)

Valuation in 2022

(160,773

)

Valuation in 2023

(31,000

)

Valuation in 2024

(18,000

)

Valuation in 2025

(13,000

)

Cost

1,030,767

804,000

On 30th June 2025 the investment properties were professionally valued on an open market basis by P H H Wheaton FRICS of Fenn Wright.

6.

DEBTORS

30.6.25

30.6.24

£

£

Amounts falling due within one year:

Trade debtors

15,640

13,664

Other debtors

29,116

25,740

44,756

39,404

Amounts falling due after more than one year:

Other debtors

6,435

32,175

Aggregate amounts

51,191

71,579

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

1,116

2,108

Taxation and social security

51,417

46,828

Other creditors

3,421

3,996

55,954

52,932

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Amounts owed to group undertakings

568,681

386,031

9.	SECURED DEBTS

The company's bankers have a fixed and floating charge over the company's properties and assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

535,527

Ordinary A

1

535,527

535,527

11.

RESERVES

Fair

Revaluation

value

reserve

reserve

Totals

£

£

£

At 1st July 2024

410,501

(213,767

)

196,734

In year fair value adjustment

-

(13,000

)

(13,000

)

At 30th June 2025

410,501

(226,767

)

183,734

12.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Life Chiropractic Clinics Limited. During the year the company rented clinic space to Life Chiropractic Clinics Limited for £24,000 (2024: £24,000).

At the year end an inter company loan balance of £568,681 (2024: £386,031) was due to Life Chiropractic Clinics Limited. The loan is repayable on demand and no interest is charged.