Seventeen Properties Ltd

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

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

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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.

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)

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

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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

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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.

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