Company Registration No. 06183610 (England and Wales)
PROPERTY ANGELS.CO.UK LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PROPERTY ANGELS.CO.UK LIMITED
COMPANY INFORMATION
Directors
D Curran
W Pinner
Company number
06183610
Registered office
Lynwood House
Crofton Road
Orpington
BR6 8QE
Accountants
Affinia (Orpington)
Lynwood House
Crofton Road
Orpington
KENT
BR6 8QE
PROPERTY ANGELS.CO.UK LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Statement of changes in equity
5
Notes to the financial statements
6 - 11
PROPERTY ANGELS.CO.UK LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JANUARY 2025
- 1 -

The directors present their annual report and financial statements for the year ended 31 January 2025.

Principal activities
The principal activity of the company continued to be that of an estate agents.
Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

D Curran
W Pinner
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
D Curran
Director
23 July 2025
PROPERTY ANGELS.CO.UK LIMITED
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PROPERTY ANGELS.CO.UK LIMITED FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -

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 Angels.Co.Uk Limited for the year ended 31 January 2025 set out on pages 3 to 11 from the company’s accounting records and from information and explanations you have given us.

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

It is your duty to ensure that Property Angels.Co.Uk 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 Angels.Co.Uk Limited. You consider that Property Angels.Co.Uk 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 Angels.Co.Uk 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 f inancial statements.

Affinia (Orpington)
23 July 2025
Accountants
Lynwood House
Crofton Road
Orpington
KENT
BR6 8QE
PROPERTY ANGELS.CO.UK LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
2025
2024
£
£
Turnover
351,595
344,575
Cost of sales
(92,064)
(91,463)
Gross profit
259,531
253,112
Administrative expenses
(229,094)
(216,709)
Operating profit
30,437
36,403
Interest payable and similar expenses
(517)
(324)
Profit before taxation
29,920
36,079
Tax on profit
(6,707)
(6,223)
Profit for the financial year
23,213
29,856

The profit and loss account has been prepared on the basis that all operations are continuing operations.

PROPERTY ANGELS.CO.UK LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 4 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,481
2,323
Current assets
Debtors
4
56,050
49,727
Cash at bank and in hand
64,381
83,228
120,431
132,955
Creditors: amounts falling due within one year
5
(122,424)
(121,636)
Net current (liabilities)/assets
(1,993)
11,319
Total assets less current liabilities
3,488
13,642
Creditors: amounts falling due after more than one year
6
(2,108)
(12,075)
Net assets
1,380
1,567
Capital and reserves
Called up share capital
7
200
200
Profit and loss reserves
1,180
1,367
Total equity
1,380
1,567

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 23 July 2025 and are signed on its behalf by:
D Curran
W Pinner
Director
Director
Company registration number 06183610 (England and Wales)
PROPERTY ANGELS.CO.UK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2025
- 5 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 February 2023
200
611
811
Year ended 31 January 2024:
Profit and total comprehensive income
-
29,856
29,856
Dividends
-
(29,100)
(29,100)
Balance at 31 January 2024
200
1,367
1,567
Year ended 31 January 2025:
Profit and total comprehensive income
-
23,213
23,213
Dividends
-
(23,400)
(23,400)
Balance at 31 January 2025
200
1,180
1,380
PROPERTY ANGELS.CO.UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
1
Accounting policies
Company information

Property Angels.Co.Uk Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lynwood House, Crofton Road, Orpington, BR6 8QE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to leasehold
20% Straight Line / over the term of the lease
Fixtures, fittings & equipment
25% Straight Line
Computer equipment
25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

PROPERTY ANGELS.CO.UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 7 -
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

PROPERTY ANGELS.CO.UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 8 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

PROPERTY ANGELS.CO.UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 9 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
7
8
PROPERTY ANGELS.CO.UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 10 -
3
Tangible fixed assets
Improvements to leasehold
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 February 2024
31,419
67,423
22,747
121,589
Additions
5,500
-
0
-
0
5,500
At 31 January 2025
36,919
67,423
22,747
127,089
Depreciation and impairment
At 1 February 2024
30,423
66,932
21,911
119,266
Depreciation charged in the year
1,326
377
639
2,342
At 31 January 2025
31,749
67,309
22,550
121,608
Carrying amount
At 31 January 2025
5,170
114
197
5,481
At 31 January 2024
996
491
836
2,323
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
9,268
-
0
Corporation tax recoverable
3,048
3,048
Other debtors
43,734
46,679
56,050
49,727
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
40,932
27,253
Trade creditors
7,514
6,603
Corporation tax
7,111
11,238
Other taxation and social security
9,869
6,844
Other creditors
56,998
69,698
122,424
121,636
PROPERTY ANGELS.CO.UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 11 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
2,108
12,075
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary 'A' of 1p each
20,000
20,000
200
200
8
Controlling party

The company is under the control of W Pinner and D Curran by virtue of their majority shareholding.

PROPERTY ANGELS.CO.UK LIMITED
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025
PROPERTY ANGELS.CO.UK LIMITED
DETAILED PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2025
2025
2025
2024
2024
£
£
£
£
Turnover
Sales
351,595
344,575
Cost of sales
Direct costs
92,064
91,463
Total cost of sales
(92,064)
(91,463)
Gross profit
73.82%
259,531
73.46%
253,112
Administrative expenses
Wages and salaries
112,867
114,816
Social security costs
3,914
3,180
Directors' remuneration
5,000
3,750
Rent re operating leases
19,000
19,000
Rates
556
276
Power, light and heat
2,907
5,400
Property repairs and maintenance
2,081
748
Premises insurance
2,211
1,991
Computer running costs
5,056
4,192
Leasing - motor vehicles
18,618
15,034
Motor running expenses
8,990
7,340
Travelling expenses
3,085
1,666
Professional subscriptions
4,022
2,545
Legal and professional fees
895
1,103
Consultancy fees
14,518
15,237
Accountancy
6,201
4,919
Bank charges
2,836
2,832
Credit card charges
440
735
Printing and stationery
2,413
748
Telecommunications
7,009
6,455
Entertaining
27
77
Sundry expenses
4,105
2,964
Amortisation
1,326
436
Depreciation
1,017
1,265
(229,094)
(216,709)
Operating profit
30,437
36,403
Interest payable and similar expenses
Bank interest on loans and overdrafts
(517)
(324)
Profit before taxation
8.51%
29,920
10.47%
36,079
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