Company No: 13279250 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Abridged Financial Statements

DIRECTORS	A J Procter
	N J Procter
	R G Procter
	T J Procter
	W A Procter

REGISTERED OFFICE	3rd Floor Northern Assurance Buildings
	9-21 Princess Street
	Manchester
	M2 4DN
	United Kingdom

COMPANY NUMBER

13279250 (England and Wales)

ACCOUNTANT	S&W Partners (Manchester) Limited
	3rd Floor Northern Assurance
	Albert Square
	9/21 Princess Street
	Manchester
	M2 4DN

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	44,147		0
Investment property	4	1,950,000		1,950,000
		1,994,147		1,950,000
Current assets
Stocks	5	3,155		0
Debtors		1,000		1,000
Cash at bank and in hand		1,445		17,677
		5,600		18,677
Creditors: amounts falling due within one year		( 1,889,020)		( 1,867,434)
Net current liabilities		(1,883,420)		(1,848,757)
Total assets less current liabilities		110,727		101,243
Provision for liabilities	6	( 25,070)		( 25,245)
Net assets		85,657		75,998
Capital and reserves
Called-up share capital	7	100		100
Fair value reserve		75,213		75,737
Profit and loss account		10,344		161
Total shareholders' funds		85,657		75,998

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered,
• All of the members of Procter Property Portfolio Services Ltd have consented to the preparation of the abridged financial statements for the financial year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements of Procter Property Portfolio Services Ltd (registered number: 13279250) were approved and authorised for issue by the Board of Directors on 02 December 2025. They were signed on its behalf by:

A J Procter Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Procter Property Portfolio Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3rd Floor Northern Assurance Buildings, 9-21 Princess Street, Manchester, M2 4DN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Going concern

The directors have assessed the Balance Sheet and forecasted cash flows covering a period of twelve months from the date of approval of these financial statements. The directors note that the business has current liabilities. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Based on this ongoing financial support, the director believes that any foreseeable debts can be met for at least twelve months from the date of signing these financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents rentals receivable net of any discounts.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Tangible assets

Investment property

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 the directors, on an open market value for existing use basis.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

3. Tangible assets

	Total
	£
Cost
At 01 April 2024	0
Additions	44,147
At 31 March 2025	44,147
Accumulated depreciation
At 01 April 2024	0
At 31 March 2025	0
Net book value
At 31 March 2025	44,147
At 31 March 2024	0

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	1,950,000
As at 31 March 2025	1,950,000

The investment properties are shown at fair value. The properties were valued at the balance sheet date by the director.

5. Stocks

	2025		2024
	£		£
Stocks	3,155		0

6. Provision for liabilities

	2025		2024
	£		£
Deferred tax	25,070		25,245

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
70 Ordinary shares of £ 1.00 each	70		70
10 Ordinary A shares of £ 1.00 each	10		10
10 Ordinary B shares of £ 1.00 each	10		10
10 Ordinary D shares of £ 1.00 each	10		10
	100		100