Property Partners Management Limited

	Page
Company Information	1
Accountants' Report	2
Statement of Financial Position	3—4
Notes to the Financial Statements	5—7

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Accountants' Report

For The Year Ended 31 March 2025

Accountants' Report

Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Property Partners Management Limited for the year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Property Partners Management Limited for the year ended 31 March 2025 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Property Partners Management Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Property Partners Management Limited and state those matters that we have agreed to state to the directors of Property Partners Management 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 Partners Management Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Property Partners Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Property Partners Management Limited . You consider that Property Partners Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Property Partners Management 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 financial statements.

20 November 2025

Barnes Noble Ltd

Chartered Accountant & Registered Auditor

Unitec House, 2 Albert Place

London

N3 1QB

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Property Partners Management Limited

Statement of Financial Position

As At 31 March 2025

Statement of Financial Position

Registered number: 05022004

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		24,999		69,573
Tangible Assets	5		16,045		20,763

			41,044		90,336
CURRENT ASSETS
Debtors	6	1,041,781		377,021
Cash at bank and in hand		901,243		1,198,625

		1,943,024		1,575,646
Creditors: Amounts Falling Due Within One Year	7	(1,460,042 )		(1,169,779 )

NET CURRENT ASSETS (LIABILITIES)			482,982		405,867

TOTAL ASSETS LESS CURRENT LIABILITIES			524,026		496,203

PROVISIONS FOR LIABILITIES
Deferred Taxation			(4,011 )		(5,191 )

NET ASSETS			520,015		491,012

CAPITAL AND RESERVES
Called up share capital			10,000		10,000
Capital redemption reserve			51		51
Income Statement			509,964		480,961

SHAREHOLDERS' FUNDS			520,015		491,012

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Property Partners Management Limited

Statement of Financial Position (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 Income Statement.

The financial statements were approved by the board of directors on 20 November 2025 and were signed on its behalf by:

Mrs T Walker

Director

The notes on pages 5 to 7 form part of these financial statements.

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Property Partners Management Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Property Partners Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05022004 . The registered office is 126 Cornwall Road, Lambeth, London, SE1 8TQ.

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 presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.

2.2. Turnover

Turnover represents net invoiced services, excluding value added tax.

Income is recognised in the same accounting period as the services provided, where services have been completely rendered and

a) income represents remuneration for services rendered,

b) the receipt of the income is not in doubt and

c) all the associated costs and risks fall within the same period as the payment.

Income which represents remuneration for services which will be provided in future periods is taken to the profit and loss account on a time apportioned basis - the as yet unearned element is carried forward as deferred income within creditors.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

2.4. Tangible Fixed Assets and Depreciation

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Assets held under finance leases are depreciated in the same way as owned assets.

At each statement of financial position date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an 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 the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Fixtures & Fittings	20% reducing balance
Computer Equipment	33.33% straight line

2.5. Taxation

Taxation for the year 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 statement of financial position date.

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Property Partners Management Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

2.7. Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

2.8. Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 70 (2024: 70)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	445,736

As at 31 March 2025	445,736

Amortisation
As at 1 April 2024	376,163
Provided during the period	44,574

As at 31 March 2025	420,737

Net Book Value
As at 31 March 2025	24,999

As at 1 April 2024	69,573

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	8,895	79,636	88,531
Additions	573	7,653	8,226

As at 31 March 2025	9,468	87,289	96,757

Depreciation
As at 1 April 2024	5,795	61,973	67,768
Provided during the period	677	12,267	12,944

As at 31 March 2025	6,472	74,240	80,712

...CONTINUED

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Property Partners Management Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	2,996	13,049	16,045

As at 1 April 2024	3,100	17,663	20,763

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	751,929	309,879
Other debtors	289,852	67,142

	1,041,781	377,021

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	13,640	14,248
Other creditors	1,033,720	823,214
Taxation and social security	412,682	332,317

	1,460,042	1,169,779

8. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Daniel Cusack	-	225,000	-	-	225,000

During the year and at the end of the year, directors’ advances of £225,000 were made to the directors of the company, which were repaid on 22 April 2025, within 9 months of the period end.

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Directors	Mr D Cusack
	Mr C Zaninello
	Mrs T Walker

Company Number	05022004

Registered Office	126 Cornwall Road
	Lambeth
	London
	SE1 8TQ

Accountants	Barnes Noble Ltd
	Chartered Accountant & Registered Auditor
	Unitec House, 2 Albert Place
	London
	N3 1QB