NO.1 PROPERTY LTD


Director	MIRZA, Khuram Shahzad


Registered Address	Unit 2 124 Ampthill Road
	Bedford
	MK42 9PP


Registered Number	11195272 (England and Wales)

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		13,696,620		12,362,700
			13,696,620		12,362,700
Current assets
Cash at bank and on hand		21,509		35,608
		21,509		35,608
Creditors amounts falling due within one year	4	(54,225)		(59,192)
Net current assets (liabilities)			(32,716)		(23,584)
Total assets less current liabilities			13,663,904		12,339,116
Creditors amounts falling due after one year	5		(13,202,280)		(11,990,216)
Net assets			461,624		348,900
Capital and reserves
Called up share capital			100		100
Profit and loss account			461,524		348,800
Shareholders' funds			461,624		348,900

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 21 October 2025, and are signed on its behalf by:

MIRZA, Khuram Shahzad
Director
Registered Company No. 11195272

NO.1 PROPERTY LTD

Notes to the Financial Statements
for the year ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		6

3.	Tangible fixed assets

	Land & buildings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 March 24	12,361,449	1,558	12,363,007
Additions	1,334,050	-	1,334,050
At 28 February 25	13,695,499	1,558	13,697,057
Depreciation and impairment
At 01 March 24	-	307	307
Charge for year	-	130	130
At 28 February 25	-	437	437
Net book value
At 28 February 25	13,695,499	1,121	13,696,620
At 29 February 24	12,361,449	1,251	12,362,700

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	304	115
Taxation and social security	48,405	52,919
Other creditors	3,763	4,405
Accrued liabilities and deferred income	1,753	1,753
Total	54,225	59,192


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	12,486,330	11,406,164
Other creditors	715,950	584,052
Total	13,202,280	11,990,216