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Company No: 14019437 (England and Wales)

# PROPERTY COLLECTION GROUP LTD

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

PROPERTY COLLECTION GROUP LTD

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

PROPERTY COLLECTION GROUP LTD

## COMPANY INFORMATION

For the financial year ended 30 April 2025
PROPERTY COLLECTION GROUP LTD

## COMPANY INFORMATION (continued)

For the financial year ended 30 April 2025

DIRECTORS | Ceri Louise Halman
| Angus Keith Liddell
| Christopher Morgan Liddell
| Suzanne Lesley Liddell

REGISTERED OFFICE | 17 Queens Lane
| Newcastle
| NE1 1RN
| United Kingdom

COMPANY NUMBER | 14019437 (England and Wales)

ACCOUNTANT | S&W Partners Newcastle Limited
| 17 Queens Lane
| Newcastle
| NE1 1RN

PROPERTY COLLECTION GROUP LTD

## BALANCE SHEET

As at 30 April 2025
PROPERTY COLLECTION GROUP LTD

## BALANCE SHEET (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 1,268,012 |  | 1,268,012
|  | 1,268,012 |  | 1,268,012
Current assets |  |  |  |
Debtors | 4 | 3,776 |  | 5,845
Cash at bank and in hand |  | 37,149 |  | 31,844
|  | 40,925 |  | 37,689
Creditors: amounts falling due within one year | 5 | ( 1,155,168) |  | ( 1,196,186)
Net current liabilities |  | (1,114,243) |  | (1,158,497)
Total assets less current liabilities |  | 153,769 |  | 109,515
Provision for liabilities |  | ( 11,473) |  | ( 11,473)
Net assets |  | 142,296 |  | 98,042
Capital and reserves |  |  |  |
Called-up share capital |  | 4 |  | 4
Fair value reserve |  | 48,909 |  | 48,909
Profit and loss account |  | 93,383 |  | 49,129
Total shareholders' funds |  | 142,296 |  | 98,042

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Property Collection Group Ltd (registered number: 14019437) were approved and authorised for issue by the Board of Directors on 09 January 2026. They were signed on its behalf by:

Angus Keith Liddell Director |

PROPERTY COLLECTION GROUP LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
PROPERTY COLLECTION GROUP LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Property Collection Group Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 17 Queens Lane, Newcastle, NE1 1RN, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Property Collection Group Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.

##### Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for property rentals receivable, stated net of discounts and of value added tax.
The company recognises revenue on a straight-line basis over the term of the lease.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 0 |  | 0

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 May 2024 | 1,268,012
As at 30 April 2025 | 1,268,012

Valuation

The fair value of the Company’s investment property has been arrived at on the basis of valuations carried out on that date by the directors of the business. In carrying out their review, the directors have made assumptions in relation to rental yields and estimated future achievable rents.

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 3,776 |  | 5,845

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Taxation and social security | 10,853 |  | 9,448
Other creditors | 1,144,315 |  | 1,186,738
| 1,155,168 |  | 1,196,186