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Registered number: 10905851
Seventeen Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Blue-Shore Accountants Ltd
Seventeen Properties Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Seventeen Properties Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 10905851

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,094,208 |  | 310,512
Investments | 5 |  | - |  | 653,483
|  |  | 1,094,208 |  | 963,995
CURRENT ASSETS
Debtors | 6 | - |  | 10,347 |
Cash at bank and in hand |  | 2,231 |  | 315 |
|  | 2,231 |  | 10,662 |
Creditors: Amounts Falling Due Within One Year | 7 | (294,606 ) |  | (170,935 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (292,375 ) |  | (160,273 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 801,833 |  | 803,722
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (816,067 ) |  | (798,434 )
NET (LIABILITIES)/ASSETS |  |  | (14,234 ) |  | 5,288
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1 |  | 1
Profit and Loss Account |  |  | (14,235 ) |  | 5,287
SHAREHOLDERS' FUNDS |  |  | (14,234) |  | 5,288

Page 1
Page 2
Seventeen Properties Ltd
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

M K Bains Director
18/11/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Seventeen Properties Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Seventeen Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10905851 . The registered office is 65 Devizes Road, Old Town, Swindon, Wiltshire, SN1 4BD.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The directors have assessed the company's future projections and cash flow forecasts and believe that the going concern basis of preparation remains appropriate.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 20% straight line

2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets

| Land & Buildings | Plant & Machinery etc. | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 289,139 | 34,716 | 323,855
Disposals | - | (33,357 ) | (33,357 )
Transfers | 803,710 | - | 803,710
As at 31 March 2025 | 1,092,849 | 1,359 | 1,094,208

...CONTINUED
Page 3
Page 4
Seventeen Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024 | - | 13,343 | 13,343
Disposals | - | (13,343 ) | (13,343 )
As at 31 March 2025 | - | - | -
Net Book Value
As at 31 March 2025 | 1,092,849 | 1,359 | 1,094,208
As at 1 April 2024 | 289,139 | 21,373 | 310,512

5. Investments

| Listed
--- | ---
| £
Cost
As at 1 April 2024 | 653,483
Transfers | (653,483 )
As at 31 March 2025 | -
Provision
As at 1 April 2024 | -
As at 31 March 2025 | -
Net Book Value
As at 31 March 2025 | -
As at 1 April 2024 | 653,483

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | - |  | 10,347

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 2,800 |  | 6,314
Other creditors | 291,806 |  | 158,790
Taxation and social security | - |  | 5,831
| 294,606 |  | 170,935

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | - |  | 12,810
Other loans | 816,067 |  | 785,624
| 816,067 |  | 798,434

Page 4
Page 5
Seventeen Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Later than five years | - |  | 12,810

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

11. Related Party Transactions
Unless otherwise disclosed, all related party transactions have been conducted under normal market conditions, including dividend payments to its shareholders.
12. Going Concern
The company and the directors are committed to finding a viable solution to support the company’s trading in the future, and on that basis the company is considered a going concern.
Page 5