REGISTERED NUMBER: 10374210 (England and Wales)

Unaudited Financial Statements

for the Period

1 January 2025 to 31 August 2025

for

Property Salon Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J J Van Biljon

SECRETARY:

REGISTERED OFFICE:

Fairwall House

Peckham Road

London

SE5 8QW

REGISTERED NUMBER:

10374210 (England and Wales)

ACCOUNTANTS:

Johal & Company

Chartered Certified Accountants

& Registered Auditors

Spectrum House

2B Suttons Lane

Hornchurch

Essex

RM12 6RJ

FIXED ASSETS

Investment property

4

-

121,461

CURRENT ASSETS

Cash at bank

2,243

1,286

CREDITORS

Amounts falling due within one year

5

1,599

32,200

NET CURRENT ASSETS/(LIABILITIES)

644

(30,914

)

TOTAL ASSETS LESS CURRENT LIABILITIES

644

90,547

CREDITORS

Amounts falling due after more than one year

6

6,253

104,015

NET LIABILITIES

(5,609

)

(13,468

)

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

7

1,656

1,656

Retained earnings

(7,266

)

(15,125

)

(5,609

)

(13,468

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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 26 September 2025 and were signed by:

J J Van Biljon - Director

1.	STATUTORY INFORMATION

Property Salon 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.

Turnover

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

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 period 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 period 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.

Going concern

These accounts have been prepared on a going concern basis. The company is currently supported by the director and a bank overdraft facility. The director has agreed to provide support for a period no less than twelve months, therefore, the director consider it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

121,461

Disposals

(121,461

)

At 31 August 2025

-

NET BOOK VALUE

At 31 August 2025

-

At 31 December 2024

121,461

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.12.24

£

£

Trade creditors

600

600

Other creditors

999

31,600

1,599

32,200

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.12.24

£

£

Bank loans

-

91,812

Other creditors

6,253

12,203

6,253

104,015

7.

RESERVES

Fair

value

reserve

£

At 1 January 2025

and 31 August 2025

1,656