REGISTERED NUMBER: 13231057 (England and Wales)

THE PROPERTY SIBLINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr L Hasham

Mr S Hasham

REGISTERED OFFICE:

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO532DR

REGISTERED NUMBER:

13231057 (England and Wales)

ACCOUNTANTS:

Rothmans CF Limited

Fryern House

125 Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2DR

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Property Siblings Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Property Siblings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Property Siblings Limited and state those matters that we have agreed to state to the Board of Directors of The Property Siblings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Property Siblings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Property Siblings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Property Siblings Limited. You consider that The Property Siblings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Property Siblings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothmans CF Limited

Fryern House

125 Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2DR

15 December 2025

FIXED ASSETS

Investments

4

-

2,036,759

Investment property

5

1,025,000

940,550

1,025,000

2,977,309

CURRENT ASSETS

Debtors

6

906,276

-

Cash at bank

59,808

43,894

966,084

43,894

CREDITORS

Amounts falling due within one year

7

881,771

2,097,881

NET CURRENT ASSETS/(LIABILITIES)

84,313

(2,053,987

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,109,313

923,322

CREDITORS

Amounts falling due after more than one year

8

(836,250

)

(836,250

)

PROVISIONS FOR LIABILITIES

(30,263

)

(8,538

)

NET ASSETS

242,800

78,534

RESERVES

Fair value reserve

10

88,337

25,612

Retained earnings

154,463

52,922

242,800

78,534

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 13 December 2025 and were signed on its behalf by:

Mr L Hasham - Director

1.	STATUTORY INFORMATION

The Property Siblings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 13231057 and the registered office is Fryern House, 125 Winchester Road, Chandlers Ford, Hampshire, SO53 2DR.

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.

The presentation currency is £ sterling.

Going concern

The company is considered to be a going concern therefore the financial statements have been prepared on a going concern basis.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liability as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

Key sources of estimation uncertainty:

1) Fair value of investment property

The fair value of the property is subject to estimation by the director. In considering the fair value, the director reviews rental yields and market conditions.

Turnover

Turnover relates to rental income and is recognised on a straight line basis as the rental service is provided. Turnover is exempt from Value Added Tax.

Investment property

Investment property is carried at fair value derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

The aggregate surplus or deficit arising on revaluation is transferred to the fair value reserve.

Other investments

Other investments are included at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the Income Statement. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited directly to equity.

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 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 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.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

2,036,759

Disposals

(2,169,437

)

Change in market value

132,678

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

2,036,759

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

940,550

Revaluations

84,450

At 31 March 2025

1,025,000

NET BOOK VALUE

At 31 March 2025

1,025,000

At 31 March 2024

940,550

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

34,150

Valuation in 2025

84,450

Cost

906,400

1,025,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

906,276

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation tax

33,847

8,605

Other creditors

847,924

2,089,276

881,771

2,097,881

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more than 5 years

836,250

836,250

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

836,250

836,250

The bank loans are due for repayment in March 2032. Interest is charged at a fixed rate of 2.59% until January 2027. After this date, interest is charged at the variable House Mortgage Rate.

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

836,250

836,250

The bank loans are secured by way of a fixed and charge over the investment properties.

10.

RESERVES

Fair value

reserve

£

At 1 April 2024

25,612

Transfers

62,725

At 31 March 2025

88,337

The fair value reserve relates to fair value movements on the investment properties.