REGISTERED NUMBER: 10385012 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

S25 Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Kirkman

REGISTERED OFFICE:

Oriel House

2 - 8 Oriel Road

Bootle

Merseyside

L20 7EP

REGISTERED NUMBER:

10385012 (England and Wales)

ACCOUNTANTS:

SB&P

Chartered Accountants

Oriel House

2-8 Oriel Road

Bootle

Liverpool

Merseyside

L20 7EP

FIXED ASSETS

Tangible assets

4

52,090

68,640

Investment property

5

315,000

315,000

367,090

383,640

CURRENT ASSETS

Debtors

6

30,604

10,152

Cash at bank

14,808

54,870

45,412

65,022

CREDITORS

Amounts falling due within one year

7

19,537

20,191

NET CURRENT ASSETS

25,875

44,831

TOTAL ASSETS LESS CURRENT LIABILITIES

392,965

428,471

CREDITORS

Amounts falling due after more than one year

8

(258,645

)

(273,316

)

PROVISIONS FOR LIABILITIES

(25,076

)

(29,214

)

NET ASSETS

109,244

125,941

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

109,243

125,940

SHAREHOLDERS' FUNDS

109,244

125,941

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 director acknowledges his 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 director and authorised for issue on 3 December 2025 and were signed by:

J Kirkman - Director

1.	STATUTORY INFORMATION

S25 Property Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents rent receivable.

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

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

93,166

579

93,745

Additions

-

666

666

At 31 March 2025

93,166

1,245

94,411

DEPRECIATION

At 1 April 2024

24,747

358

25,105

Charge for year

17,105

111

17,216

At 31 March 2025

41,852

469

42,321

NET BOOK VALUE

At 31 March 2025

51,314

776

52,090

At 31 March 2024

68,419

221

68,640

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

315,000

NET BOOK VALUE

At 31 March 2025

315,000

At 31 March 2024

315,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

48,216

Cost

266,784

315,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

266,784

266,784

Investment properties were valued on an open market basis on 31 March 2023 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

30,604

10,152

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

4,902

4,781

Hire purchase contracts

9,769

9,293

Trade creditors

-

1

Taxation and social security

25

1,104

Other creditors

4,841

5,012

19,537

20,191

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

212,099

217,001

Hire purchase contracts

46,546

56,315

258,645

273,316

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

188,691

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

217,001

221,782

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary

£1

1

1

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

J Kirkman

Balance outstanding at start of year

19

-

Amounts advanced

15,537

33,800

Amounts repaid

(5,379

)

(33,781

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,177

19