Company Registration No. 00648726 (England and Wales)
Strange Property Company
Unaudited accounts
for the year ended 31 March 2025
Strange Property Company
Unaudited accounts
Contents
Strange Property Company
Company Information
for the year ended 31 March 2025
Company Number
00648726 (England and Wales)
Registered Office
25 Murphy Drive
Bagworth
Coalville
Leicestershire
LE67 1HR
England
Accountants
Lilley & Co (UK) Limited
Suite 8
57 High Street
Ibstock
Leicestershire
LE67 6LH
Strange Property Company
Statement of financial position
as at 31 March 2025
Tangible assets
1,881
2,129
Investment property
402,520
402,520
Cash at bank and in hand
11,960
8,521
Creditors: amounts falling due within one year
(5,874)
(6,070)
Net current assets
6,086
2,451
Total assets less current liabilities
410,487
407,100
Provisions for liabilities
Deferred tax
(63,773)
(63,834)
Net assets
346,714
343,266
Called up share capital
7,000
7,000
Capital redemption reserve
8,272
8,272
Profit and loss account
331,442
327,994
Shareholders' funds
346,714
343,266
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 December 2025 and were signed on its behalf by
P J Strange
Director
Company Registration No. 00648726
Strange Property Company
Notes to the Accounts
for the year ended 31 March 2025
Strange Property Company is a private company, limited by shares, registered in England and Wales, registration number 00648726. The registered office is 25 Murphy Drive, Bagworth, Coalville, Leicestershire, LE67 1HR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Computer equipment
5 years straight line
Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.
Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The fair value is determined annually by external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rental income from investment property leased out under operating leases is recognised in the statement of income and retained earnings on a straight-line basis over the term of the lease.
Strange Property Company
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
1,128
2,549
3,677
At 31 March 2025
1,128
2,549
3,677
At 1 April 2024
-
1,548
1,548
Charge for the year
-
248
248
At 31 March 2025
-
1,796
1,796
At 31 March 2025
1,128
753
1,881
At 31 March 2024
1,128
1,001
2,129
Fair value at 1 April 2024
402,520
There has been no formal valuation in the year to 31st March 2025 but an internal assessment has been undertaken. As part of that, the rental yield listed by the Royal Institution of Chartered Surveyors for this category of commercial properties (6.8%) provides support for the current valuation of the property.
Included within the profit and loss account are unrealised profits of £265,583 (2024: £265,583). Unrealised profits and losses arise on fair value movements of fixed asset investments and are accumulated within the profit and loss reserve net of deferred tax. Unrealised reserves are non-distributable.
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Creditors: amounts falling due within one year
2025
2024
Taxes and social security
4,516
4,146
Allotted, called up and fully paid:
7,000 Ordinary shares of £1 each
7,000
7,000
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Average number of employees
During the year the average number of employees was 1 (2024: 1).