REGISTERED NUMBER: 08063031 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

PROPERTY OPTIONS PTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Hanley

Mrs A C R Hanley

SECRETARY:

R A Hanley

REGISTERED OFFICE:

143 Station Road

Hampton

Middlesex

TW12 2AL

REGISTERED NUMBER:

08063031 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

143 Station Road

Hampton

Middlesex

TW12 2AL

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

835,000

770,000

835,000

770,000

CURRENT ASSETS

Debtors

6

8,734

18,700

Cash at bank

1,986

1,200

10,720

19,900

CREDITORS

Amounts falling due within one year

7

(222,162

)

(234,736

)

NET CURRENT LIABILITIES

(211,442

)

(214,836

)

TOTAL ASSETS LESS CURRENT LIABILITIES

623,558

555,164

CREDITORS

Amounts falling due after more than one year

8

(546,771

)

(550,691

)

PROVISIONS FOR LIABILITIES

(51,277

)

(35,027

)

NET ASSETS/(LIABILITIES)

25,510

(30,554

)

CAPITAL AND RESERVES

Called up share capital

10

4

4

Retained earnings

11

25,506

(30,558

)

SHAREHOLDERS' FUNDS

25,510

(30,554

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 23 December 2025 and were signed on its behalf by:

R A Hanley - Director

1.	STATUTORY INFORMATION

Property Options Pty Ltd 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 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.

Fixtures and fittings

-

25% on cost

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 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

4,462

DEPRECIATION

At 1 January 2024

and 31 December 2024

4,462

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

770,000

Revaluations

65,000

At 31 December 2024

835,000

NET BOOK VALUE

At 31 December 2024

835,000

At 31 December 2023

770,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2014

28,714

Valuation in 2015

29,777

Valuation in 2016

2,403

Valuation in 2017

22,094

Valuation in 2020

2,121

Valuation in 2021

(21,500

)

Valuation in 2023

76,500

Valuation in 2024

65,000

Cost

629,891

835,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,056

4,133

Other debtors

7,678

14,567

8,734

18,700

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

737

2,000

Trade creditors

4,140

2,940

Other creditors

217,285

229,796

222,162

234,736

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

546,771

550,691

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Shawbrook

543,516

547,858

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Shawbrook Bank Limited

245,787

245,578

Shawbrook Bank Limited

302,470

302,280

548,257

547,858

The loans provided by Shawbrook Bank Limited are secured against the freehold interest in the land and properties known as Flat 1 & 2 Barrington House, 9 Durham Street, Hull and 52-54 Holderness Road, Hull by way of fixed and floating charges.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

4

Ordinary

£1

4

4

11.

RESERVES

Retained

earnings

£

At 1 January 2024

(30,558

)

Profit for the year

56,064

At 31 December 2024

25,506

The profit and loss reserve includes an amount of £153,832 that relates to the net of tax revaluation of Investment Property and is, therefore, not distributable.

12.	GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.