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Registered number: 02829071
Power Office Property Services Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Affinity Associates (Flemmings) Limited
Accountants and Tax Advisors
76 Canterbury Road
Croydon
Surrey
CR0 3HA
Power Office Property Services Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Power Office Property Services Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 02829071

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 414,679 |  | 414,679
Investments | 5 |  | 1,019 |  | 1,019
|  |  | 415,698 |  | 415,698
CURRENT ASSETS
Debtors | 6 | 125,566 |  | 129,166 |
Cash at bank and in hand |  | 282,689 |  | 287,978 |
|  | 408,255 |  | 417,144 |
Creditors: Amounts Falling Due Within One Year | 7 | (435,052 ) |  | (432,818 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (26,797 ) |  | (15,674 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 388,901 |  | 400,024
NET ASSETS |  |  | 388,901 |  | 400,024
CAPITAL AND RESERVES
Called up share capital |  |  | 1,000 |  | 1,000
Share premium account |  |  | 262,000 |  | 262,000
Fair value reserve |  |  | (115,618 ) |  | (115,618 )
Profit and Loss Account |  |  | 241,519 |  | 252,642
SHAREHOLDERS' FUNDS |  |  | 388,901 |  | 400,024

Page 1
Page 2
Power Office Property Services Ltd
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr M Torpey Director
23 December 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Power Office Property Services Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Power Office Property Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 02829071 . The registered office is 36 New Road, Wood Green, London, N22 5ET .
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | NIL

2.4. Investment Properties
All investment properties are carried at fair value determined annually and 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 for. Changes in fair value are recognised in the profit and loss account.
2.5. Foreign Currencies
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 3
Page 4
Power Office Property Services Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.6. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any
accumulated impairment losses. Listed investments are measured at fair value with changes in fair
value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount
being estimated where such indicators exist. Where the carrying value exceeds the recoverable
amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at
each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made
of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating
unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that
are largely independent of the cash inflows from other assets or groups of assets.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets

| Land & Property
--- | ---
| Freehold
| £
Cost
As at 1 January 2024 | 414,679
As at 31 December 2024 | 414,679
Net Book Value
As at 31 December 2024 | 414,679
As at 1 January 2024 | 414,679

Included within the net book value of land and buildings above is £414,679 (2023 - £414,679) in respect of
freehold land and buildings.
5. Investments

| Unlisted
--- | ---
| £
Cost
As at 1 January 2024 | 65,975
As at 31 December 2024 | 65,975
Provision
As at 1 January 2024 | 64,956
As at 31 December 2024 | 64,956
Net Book Value
As at 31 December 2024 | 1,019
As at 1 January 2024 | 1,019

Page 4
Page 5
Power Office Property Services Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 125,566 |  | 129,166

7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Taxation and social security | 1,630 |  | 1,060
Other creditor | (21 ) |  | -
Accruals and deferred income | 3,240 |  | 5,496
Director's loan account | 430,203 |  | 426,262
| 435,052 |  | 432,818

8. Related Party Transactions
Other transactions with the director
Mr M Torpey (Director and Shareholder)
At the balance sheet date, the amount due (from)/to Mr M Torpey was £430,203 (2023: £426,262)
Page 5