Power Office Property Services Ltd

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

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

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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.

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

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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)

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

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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)

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