REGISTERED NUMBER: 08653817 (England and Wales)

3 POINT PROPERTY MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mr M Lockwood

Mr A J Cole

REGISTERED OFFICE:

2 Front Street

Mendlesham

Stowmarket

Suffolk

IP14 5RY

REGISTERED NUMBER:

08653817 (England and Wales)

FIXED ASSETS

Intangible assets

4

25,500

34,000

Tangible assets

5

9,429

12,261

34,929

46,261

CURRENT ASSETS

Debtors

6

168,268

118,572

Cash at bank

47,379

16,035

215,647

134,607

CREDITORS

Amounts falling due within one year

7

(56,947

)

(39,144

)

NET CURRENT ASSETS

158,700

95,463

TOTAL ASSETS LESS CURRENT LIABILITIES

193,629

141,724

PROVISIONS FOR LIABILITIES

(1,208

)

(3,066

)

NET ASSETS

192,421

138,658

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

192,301

138,538

SHAREHOLDERS' FUNDS

192,421

138,658

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 5 November 2025 and were signed on its behalf by:

Mr M Lockwood - Director

Mr A J Cole - Director

1.	STATUTORY INFORMATION

3 Point Property Management 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.

For the purposes of presentation, the financial statements are rounded to the nearest Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

The turnover shown in the profit and loss account represents amounts receivable for services provided during the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Equipment

-

25% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Operating lease commitments

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

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.

Financial instruments

Basic financial instruments are recognised at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

85,000

AMORTISATION

At 1 April 2024

51,000

Charge for year

8,500

At 31 March 2025

59,500

NET BOOK VALUE

At 31 March 2025

25,500

At 31 March 2024

34,000

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

Equipment

Totals

£

£

£

COST

At 1 April 2024

13,700

16,805

30,505

Additions

-

666

666

At 31 March 2025

13,700

17,471

31,171

DEPRECIATION

At 1 April 2024

3,740

14,504

18,244

Charge for year

2,490

1,008

3,498

At 31 March 2025

6,230

15,512

21,742

NET BOOK VALUE

At 31 March 2025

7,470

1,959

9,429

At 31 March 2024

9,960

2,301

12,261

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

22,971

8,946

Other debtors

19,088

28,065

Directors' current accounts

94,753

55,258

Corporation tax repayable

24,629

20,303

Prepayments and accrued income

6,827

6,000

168,268

118,572

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,967

1,139

Corporation tax

25,374

-

Other tax and social security

13,196

22,674

Other creditors

9,410

10,576

Accruals and deferred income

5,000

4,755

56,947

39,144

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

4,088

4,088

Between one and five years

1,363

5,451

5,451

9,539

9.	TRANSACTIONS WITH THE DIRECTORS

During the year Mr M Lockwood withdrew £7,199 (2024: £12,758). At the year end £46,455 was due from Mr M Lockwood to the company (2024: £39,256). The balance is unsecured, interest is at 2.25% and repayable on demand.

During the year Mr A Cole withdrew £37,404 (2024: £503) and introduced £5,107 (2024: £444). At the year end £48,298 was due from Mr A Cole to the company (2024: £16,001).

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.