270 Degrees Property Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12314461 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

270 DEGREES PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I Bailie

Mrs N Bailie

REGISTERED OFFICE:

C/O Galloways Accounting

The Mill Building

31-35 Chatsworth Road

Worthing

West Sussex

BN11 1LY

REGISTERED NUMBER:

12314461 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Investment property

3

389,349

CURRENT ASSETS

Debtors

4

1,544

2,035

Cash at bank

8,912

9,844

10,456

11,879

CREDITORS

Amounts falling due within one year

5

127,178

129,524

NET CURRENT LIABILITIES

(116,722

)

(117,645

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

272,627

271,704

CREDITORS

Amounts falling due after more than one
year

6

271,023

NET ASSETS

1,604

681

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

1,504

581

1,604

681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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 4 January 2026 and were signed on its behalf by:

Mr I Bailie - Director

1.	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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

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 taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

2.	EMPLOYEES AND DIRECTORS

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

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 30 November 2025

389,349

NET BOOK VALUE

At 30 November 2025

389,349

At 30 November 2024

389,349

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Accrued income

1,400

Prepayments

144

635

1,544

2,035

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

9,277

Amounts owed to associates

48,740

51,240

Tax

217

179

Directors' loan accounts

67,500

Accrued expenses

1,444

1,328

127,178

129,524

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

9,277

Bank loans - 2-5 years

27,831

Bank loans more 5 yr by instal

233,915

271,023

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

233,915

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, I S & Mrs N Baillie maintained their loan to the company. As at 30 November 2025, the company owed them £67,500 (2024: £67,500). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

8.	RELATED PARTY DISCLOSURES

During the year, 270 Degrees Property Limited repaid £2,500 to 270 Degrees Limited. The amount owed to 270 Degrees Limited as at 30 November 2025: £48,740. All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I S Bailie and Mrs N Bailie.

This was by virtue of their 100% holding of the issued share capital.

10.	NET CURRENT LIABILITIES

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. As at the year end the current liabilities exceeded current assets by £116,722.

The validity of this basis depends upon the continued support of the company's directors. The directors confirms that they will give the required support.