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Registered number: 09868913
North Staffs Property Limited
Unaudited Financial Statements
For the Period 1 December 2023 to 31 May 2025
North Staffs Property Limited
Contents
Contents

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

Page 1
North Staffs Property Limited
Balance Sheet
As At 31 May 2025
Balance Sheet
Registered number: 09868913

| 31 May 2025 | 30 November 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 395,000 |  | 650,000
Investments | 5 |  | 3,120,926 |  | 1,231,125
|  |  | 3,515,926 |  | 1,881,125
CURRENT ASSETS
Debtors | 6 | 1,087,980 |  | 1,372 |
Cash at bank and in hand |  | 1,496 |  | 150,006 |
|  | 1,089,476 |  | 151,378 |
Creditors: Amounts Falling Due Within One Year | 7 | (1,324,310 ) |  | (537,604 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (234,834 ) |  | (386,226 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 3,281,092 |  | 1,494,899
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (48,685 ) |  | (48,601 )
NET ASSETS |  |  | 3,232,407 |  | 1,446,298
CAPITAL AND RESERVES
Called up share capital | 8 |  | 100 |  | 100
Fair value reserve | 10 |  | 158,849 |  | 175,401
Profit and Loss Account |  |  | 3,073,458 |  | 1,270,797
SHAREHOLDERS' FUNDS |  |  | 3,232,407 |  | 1,446,298

Page 1
Page 2
North Staffs Property Limited
Balance Sheet (continued)
As At 31 May 2025
For the period ending 31 May 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 David Grant Director
30 January 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
North Staffs Property Limited
Notes to the Financial Statements
For the Period 1 December 2023 to 31 May 2025
Notes to the Financial Statements
1. General Information
North Staffs Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09868913 . The registered office is 77 Swallow Crescent , Ravenshead , Nottingham , NG15 9JN.
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. Turnover includes revenue earned from rental income.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. The fair value is as per the directors. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.6. Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. They are measured at fair value through profit and loss if the investments are publically traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
2.7. Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements on the basis that the
company and its subsidiary undertaking comprise a small group as defined by Companies Act 2006.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
Page 3
Page 4
North Staffs Property Limited
Notes to the Financial Statements (continued)
For the Period 1 December 2023 to 31 May 2025
4. Investment Property

| 31 May 2025
--- | ---
| £
Fair Value
As at 1 December 2023 | 650,000
Disposals | (240,000 )
Fair value adjustments | (15,000 )
As at 31 May 2025 | 395,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

| 31 May 2025 |  | 30 November 2023
--- | --- | --- | ---
| £ |  | £
Cost | 187,466 |  | 425,998

5. Investments

| Subsidiaries | Joint Ventures | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 December 2023 | - | 1,231,125 | 1,231,125
Additions | 1,889,801 | - | 1,889,801
Transfers | 1,231,125 | (1,231,125 ) | -
As at 31 May 2025 | 3,120,926 | - | 3,120,926
Provision
As at 1 December 2023 | - | - | -
As at 31 May 2025 | - | - | -
Net Book Value
As at 31 May 2025 | 3,120,926 | - | 3,120,926
As at 1 December 2023 | - | 1,231,125 | 1,231,125

Investment in joint ventures represents a 50% shareholding in North Staffs Housing Limited, a company incorporated in England and Wales which was transferred to unlisted investments on 30th October 2024.
Subsidiaries represent shares in wholly owned subsidiary undertaking North Staffs Housing Limited, a company incorporated in England & Wales.
6. Debtors

| 31 May 2025 |  | 30 November 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 480 |  | 1,372
Amounts owed by group undertakings | 1,087,500 |  | -
| 1,087,980 |  | 1,372

Page 4
Page 5
North Staffs Property Limited
Notes to the Financial Statements (continued)
For the Period 1 December 2023 to 31 May 2025
7. Creditors: Amounts Falling Due Within One Year

| 31 May 2025 |  | 30 November 2023
--- | --- | --- | ---
| £ |  | £
Corporation tax | 11,006 |  | 7,289
Other creditors | 88,120 |  | -
Accruals and deferred income | - |  | 1,152
Directors' loan accounts | - |  | 529,163
Amounts owed to group undertakings | 1,225,184 |  | -
| 1,324,310 |  | 537,604

8. Share Capital

| 31 May 2025 |  | 30 November 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

9. Directors Advances, Credits and Guarantees
Total dividends paid to directors in the period were £1,800 (2023: £22,000).
10. Reserves

| Fair Value Reserve
--- | ---
| £
As at 1 December 2023 | 175,401
Movements in fair value reserve | (16,552)
As at 31 May 2025 | 158,849

11. Related Party Transactions
Dividends received from the subsidiary company were £2,741,980 (2023: £Nil).
Included within debtors is a balance of £1,087,500 due from the subsidiary company.
Included within creditors is a balance of £1,225,184 due to the parent company.
Dividends paid to parent company in the period were £1,000,000 (2023: £Nil).
12. Ultimate Controlling Party
The company's ultimate controlling party is North Staffs Property Group Limited, a company incorporated in England & Wales, by virtue of its ownership of 100% of the issued share capital in the company. The ultimate controlling party is Mr David Grant.
Page 5