REGISTERED NUMBER: 03854240 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Usa Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs P. Lysandrou

SECRETARY:

Mrs P. Lysandrou

REGISTERED OFFICE:

9 Vermont Place

Tongwell

Milton Keynes

Buckinghamshire

MK15 8JA

REGISTERED NUMBER:

03854240 (England and Wales)

ACCOUNTANTS:

Constantine & Co Ltd

9 Vermont Place

Milton Keynes

Buckinghamshire

MK15 8JA

FIXED ASSETS

Tangible assets

4

2,635,000

2,635,000

CURRENT ASSETS

Debtors

5

139,266

116,203

Cash at bank

49,434

122,565

188,700

238,768

CREDITORS

Amounts falling due within one year

6

1,657,676

1,716,769

NET CURRENT LIABILITIES

(1,468,976

)

(1,478,001

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,166,024

1,156,999

PROVISIONS FOR LIABILITIES

178,610

178,610

NET ASSETS

987,414

978,389

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

987,314

978,289

SHAREHOLDERS' FUNDS

987,414

978,389

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 her 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 29 December 2025 and were signed by:

Mrs P. Lysandrou - Director

1.	STATUTORY INFORMATION

Usa 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents rents receivable on an accrual basis.

Tangible fixed assets

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

Land and buildings

-

Nil on Freehold land

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

2,635,000

NET BOOK VALUE

At 31 March 2025

2,635,000

At 31 March 2024

2,635,000

Cost or valuation at 31 March 2025 is represented by:

Land and

buildings

£

Valuation in 2020

1,694,950

Valuation in 2021

940,050

2,635,000

If following historical cost had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

1,694,950

1,694,950

Value of land in freehold land and buildings

2,635,000

2,635,000

Freehold land and buildings were valued on an open market basis on 19 November 2024 by by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

139,266

116,203

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

14,456

13,056

Taxation and social security

30,739

33,311

Other creditors

1,612,481

1,670,402

1,657,676

1,716,769