REGISTERED NUMBER: 04908035 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

PROPERTY SHOP (ACCRINGTON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Chippendale

J P Allen

REGISTERED OFFICE:

Abacus House

450 Warrington Road

Culcheth

Cheshire

WA3 5QX

REGISTERED NUMBER:

04908035 (England and Wales)

ACCOUNTANTS:

Hunter Healey Limited

Abacus House

450 Warrington Road

Culcheth

Warrington

Cheshire

WA3 5QX

FIXED ASSETS

Tangible assets

4

622,169

689,708

CURRENT ASSETS

Debtors

5

146,694

142,794

CREDITORS

Amounts falling due within one year

6

130,232

103,001

NET CURRENT ASSETS

16,462

39,793

TOTAL ASSETS LESS CURRENT LIABILITIES

638,631

729,501

CREDITORS

Amounts falling due after more than one year

7

540,804

631,524

NET ASSETS

97,827

97,977

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

97,694

97,694

Retained earnings

33

183

SHAREHOLDERS' FUNDS

97,827

97,977

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 17th October 2025 and were signed on its behalf by:

S Chippendale - Director

1.	STATUTORY INFORMATION

Property Shop (Accrington) 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

No depreciation is provided on the property as, in the opinion of the directors, the property is maintained to a high standard and therefore the market value exceeds the historical cost.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Property

property

fittings

Totals

£

£

£

£

COST OR VALUATION

At 1st April 2024

639,655

50,053

4,973

694,681

Disposals

(67,539

)

-

-

(67,539

)

At 31st March 2025

572,116

50,053

4,973

627,142

DEPRECIATION

At 1st April 2024

and 31st March 2025

-

-

4,973

4,973

NET BOOK VALUE

At 31st March 2025

572,116

50,053

-

622,169

At 31st March 2024

639,655

50,053

-

689,708

Cost or valuation at 31st March 2025 is represented by:

Improvements

Fixtures

to

and

Property

property

fittings

Totals

£

£

£

£

Valuation in 2008

572,116

-

-

572,116

Cost

-

50,053

4,973

55,026

572,116

50,053

4,973

627,142

If Long leasehold property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

474,422

541,961

Long leasehold property was valued on an open market basis on 31st March 2008 by the director S Chippendale .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

146,694

142,794

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,168

1,637

Other creditors

125,064

101,364

130,232

103,001

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

540,804

631,524

Amounts falling due in more than five years:

Repayable by instalments

Mortgages >5yrs by instalment

540,804

631,524

8.

RESERVES

Revaluation

reserve

£

At 1st April 2024

and 31st March 2025

97,694