REGISTERED NUMBER: 02609313 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

The Property Preservation

Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C P Rowley

TD Langham

SECRETARY:

Mrs C P Rowley

REGISTERED OFFICE:

8 Sycamore Close

Wellesbourne

Warwick

CV35 9SH

REGISTERED NUMBER:

02609313 (England and Wales)

ACCOUNTANTS:

Locke Williams Associates LLP

Chartered Accountants

Studio 2

50-54 St Pauls Square

Birmingham

West Midlands

B3 1QS

FIXED ASSETS

Tangible assets

4

39,067

40,019

Investments

5

20,000

20,000

59,067

60,019

CURRENT ASSETS

Debtors

6

233,829

216,829

Cash at bank

164,005

169,423

397,834

386,252

CREDITORS

Amounts falling due within one year

7

207,958

207,958

NET CURRENT ASSETS

189,876

178,294

TOTAL ASSETS LESS CURRENT LIABILITIES

248,943

238,313

CAPITAL AND RESERVES

Called up share capital

8

21,500

21,500

Capital redemption reserve

9

4,000

4,000

Fair value reserve

9

2,917

2,917

Retained earnings

9

220,526

209,896

SHAREHOLDERS' FUNDS

248,943

238,313

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 11 December 2025 and were signed on its behalf by:

Mrs C P Rowley - Director

TD Langham - Director

1.	STATUTORY INFORMATION

The Property Preservation Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about The Property Preservation Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets

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

Land and buildings

-

2% on cost

The company has taken advantage of the triennial review provisions of FRS 102, to opt to account for its property, which is let to a group company, as property, plant and equipment on the cost model.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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

Land and

buildings

£

COST

At 1 April 2024

and 31 March 2025

46,667

DEPRECIATION

At 1 April 2024

6,648

Charge for year

952

At 31 March 2025

7,600

NET BOOK VALUE

At 31 March 2025

39,067

At 31 March 2024

40,019

The company has opted to account for its property as property, plant and equipment on the cost model and a transfer was made to use the fair value as at 1 April 2017 as deemed cost.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

20,000

NET BOOK VALUE

At 31 March 2025

20,000

At 31 March 2024

20,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

233,829

216,829

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1

1

Amounts owed to group undertakings

204,990

204,990

Taxation and social security

2,717

2,717

Other creditors

250

250

207,958

207,958

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

21,500

Ordinary shares

£1

21,500

21,500

9.

RESERVES

Capital

Fair

Retained

redemption

value

earnings

reserve

reserve

Totals

£

£

£

£

At 1 April 2024

209,896

4,000

2,917

216,813

Profit for the year

10,630

10,630

At 31 March 2025

220,526

4,000

2,917

227,443

10.	RELATED PARTY DISCLOSURES

During the year the company received rent for its property from its subsidiary company of £14,400 (2024 £14,400).

Total amounts due from/(to) group companies are £233,829 and (£204,989), (2024 £216,829) and (£204,989)).

The company has provided a cross guarantee in respect of the bank loans and overdrafts of its subsidiary company. This cross guarantee is secured by way of a charge over the company's assets. At 31 March 2025 the subsidiary had secured bank loans and overdrafts amounting to £nil (2024 £nil).

The controlling party is 2 Preserve Limited.

2 Preserve Limited is incorporated in England and Wales.