REGISTERED NUMBER: 04405081 (England and Wales)

PACT PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Nicola

SECRETARY:

REGISTERED OFFICE:

Hale House, Unit 5

296a Green Lanes

Palmers Green

London

N13 5TW

REGISTERED NUMBER:

04405081 (England and Wales)

ACCOUNTANTS:

T. PA Accountancy Services Limited

Hale House

Unit 5

296a Green Lanes

Palmers Green

London

N13 5TW

FIXED ASSETS

Tangible assets

4

665

1,005

Investment property

5

1,874,486

1,829,486

1,875,151

1,830,491

CURRENT ASSETS

Debtors

6

927,142

913,596

Cash at bank

11,174

268,505

938,316

1,182,101

CREDITORS

Amounts falling due within one year

7

33,356

30,166

NET CURRENT ASSETS

904,960

1,151,935

TOTAL ASSETS LESS CURRENT LIABILITIES

2,780,111

2,982,426

CREDITORS

Amounts falling due after more than one year

8

1,370,331

1,528,546

NET ASSETS

1,409,780

1,453,880

CAPITAL AND RESERVES

Called up share capital

10

100

100

Revaluation reserve

11

600,000

600,000

Retained earnings

11

809,680

853,780

SHAREHOLDERS' FUNDS

1,409,780

1,453,880

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 18 December 2025 and were signed by:

Mr A Nicola - Director

1.	STATUTORY INFORMATION

Pact Properties 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 as modified by the revaluation of certain assets.

Turnover

Turnover represent gross invoiced sales of services.

Tangible fixed assets

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

Fixtures and fittings

-

15% 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

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

22,232

4,274

26,506

DEPRECIATION

At 1 April 2024

21,803

3,698

25,501

Charge for year

196

144

340

At 31 March 2025

21,999

3,842

25,841

NET BOOK VALUE

At 31 March 2025

233

432

665

At 31 March 2024

429

576

1,005

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,829,486

Improvements

45,000

At 31 March 2025

1,874,486

NET BOOK VALUE

At 31 March 2025

1,874,486

At 31 March 2024

1,829,486

Fair value at 31 March 2025 is represented by:

£

Valuation in 2005

50,000

Valuation in 2007

50,000

Valuation in 2018

500,000

Cost

1,274,486

1,874,486

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,601

10,601

Directors' loan accounts

916,541

902,995

927,142

913,596

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Accrued expenses

33,356

30,166

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yr by instal

997,689

1,014,665

Directors' loan accounts

372,642

513,881

1,370,331

1,528,546

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

997,689

1,014,665

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

997,689

1,014,665

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2024

853,780

600,000

1,453,780

Deficit for the year

(44,100

)

(44,100

)

At 31 March 2025

809,680

600,000

1,409,680

12.	RELATED PARTY DISCLOSURES

Controlling Party

There is no overall control of the company by any one person.