Property People Belfast Limited

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

Registered number: NI635822

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,721		1,721
Tangible Assets	5		633,787		639,822

			638,508		641,543
CURRENT ASSETS
Debtors	6	74,741		56,514
Cash at bank and in hand		51,571		33,288

		126,312		89,802
Creditors: Amounts Falling Due Within One Year	7	(257,441 )		(189,075 )

NET CURRENT ASSETS (LIABILITIES)			(131,129 )		(99,273 )

TOTAL ASSETS LESS CURRENT LIABILITIES			507,379		542,270

Creditors: Amounts Falling Due After More Than One Year	8		(415,643 )		(400,287 )

NET ASSETS			91,736		141,983

CAPITAL AND RESERVES
Called up share capital	9		2		2
Revaluation reserve	11		22,212		22,212
Capital redemption reserve			(36,371 )		(36,371 )
Profit and Loss Account			105,893		156,140

SHAREHOLDERS' FUNDS			91,736		141,983

Page 1

Page 2

Property People Belfast Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Jarlath Daly

Director

29/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Property People Belfast Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI635822 . The registered office is 24 Main Street, Augher, Tyrone, BT77 0BD.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. 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	3
Leasehold	3
Plant & Machinery	20
Motor Vehicles	20
Fixtures & Fittings	20
Computer Equipment	20

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2024: 13)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	1,721
Additions	3,000

As at 31 March 2025	4,721

Net Book Value
As at 31 March 2025	4,721

As at 1 April 2024	1,721

Page 3

Page 4

Property People Belfast Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	578,669	42,253	131,093	32,181	784,196
Additions	417	24,650	4,367	8,846	38,280

As at 31 March 2025	579,086	66,903	135,460	41,027	822,476

Depreciation
As at 1 April 2024	39,754	41,045	47,800	15,775	144,374
Provided during the period	13,678	4,399	21,138	5,100	44,315

As at 31 March 2025	53,432	45,444	68,938	20,875	188,689

Net Book Value
As at 31 March 2025	525,654	21,459	66,522	20,152	633,787

As at 1 April 2024	538,915	1,208	83,293	16,406	639,822

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	30,549	14,510
Other debtors	44,192	41,313

	74,741	55,823
Due after more than one year
Other debtors	-	691

	74,741	56,514

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	27,958	24,220
Bank loans and overdrafts	-	16,264
Other creditors	198,230	132,355
Taxation and social security	31,253	16,236

	257,441	189,075

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	383,394	385,794
Other loans	32,249	14,493

	415,643	400,287

Page 4

Page 5

Property People Belfast Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mrs Ciara Moran	(2,585 )	21,605	1,600	-	-
Mr Colin Moran	(6,271 )	25,483	16,000	-	-
Mr Jarlath Daly	(913 )	18,987	15,000	-	-

The above loan is unsecured, interest free and repayable on demand.

11. Reserves

	Revaluation Reserve
	£
As at 1 April 2024	22,212

As at 31 March 2025	22,212

Page 5