REGISTERED NUMBER: 07110051 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PROPERTY AGENTS CIRCLE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Bennett

S A Lawson

REGISTERED OFFICE:

7 Newton Court

Pendeford Business Park

Wolverhampton

West Midlands

WV9 5HB

REGISTERED NUMBER:

07110051 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Tangible assets

4

78,071

76,484

CURRENT ASSETS

Debtors

5

221,588

283,772

Cash at bank

428,348

165,498

649,936

449,270

CREDITORS

Amounts falling due within one year

6

413,217

353,652

NET CURRENT ASSETS

236,719

95,618

TOTAL ASSETS LESS CURRENT LIABILITIES

314,790

172,102

CREDITORS

Amounts falling due after more than one year

7

(105,836

)

(148,648

)

PROVISIONS FOR LIABILITIES

(11,267

)

(13,051

)

NET ASSETS

197,687

10,403

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

197,685

10,401

197,687

10,403

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

S A Lawson - Director

1.	STATUTORY INFORMATION

Property Agents Circle 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Improvements to property

-

20% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at the transaction price, less any impairment.

Short term creditors are measured at the transaction price.

Going concern

The company has cash resources and has no requirement for external funding. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting appropriate in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1 April 2024

86,040

40,351

35,108

22,324

183,823

Additions

-

10,807

-

10,501

21,308

At 31 March 2025

86,040

51,158

35,108

32,825

205,131

Depreciation

At 1 April 2024

52,006

27,314

15,741

12,278

107,339

Charge for year

8,115

6,940

1,935

2,731

19,721

At 31 March 2025

60,121

34,254

17,676

15,009

127,060

Net book value

At 31 March 2025

25,919

16,904

17,432

17,816

78,071

At 31 March 2024

34,034

13,037

19,367

10,046

76,484

The net book value of assets held under hire purchase contracts, included above, are as follows:

Motor Vehicles: £6,663 (2024: £8,884)

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

614

1,808

Amounts owed by connected companies

132,563

130,274

Other debtors

88,411

151,690

221,588

283,772

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

41,567

38,145

Hire purchase contracts (see note 8)

1,667

3,755

Trade creditors

81,913

76,438

Amounts owed to connected companies

105,824

108,884

Taxation and social security

116,193

58,423

Other creditors

66,053

68,007

413,217

353,652

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

105,836

147,403

Hire purchase contracts (see note 8)

-

1,245

105,836

148,648

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

1,667

3,755

Between one and five years

-

1,245

1,667

5,000

Non-cancellable

operating leases

2025

2024

£

£

Within one year

30,500

30,500

Between one and five years

7,625

30,500

In more than five years

-

7,625

38,125

68,625

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

1,667

5,000

The Hire purchase contracts are secured against the asset to which they relate.

10.	PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £1,622 (2024: £2,065) were due to the fund at the balance sheet date and are included in other creditors.