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Company No: 01635057 (England and Wales)

# WARRPROP LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

WARRPROP LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

WARRPROP LIMITED

## COMPANY INFORMATION

For the financial year ended 31 December 2025
WARRPROP LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 December 2025

Directors | Mrs J M Warren
| Mr N J Warren
| Mr P Warren
| Mr D N Warren

Secretary | Mrs J M Warren

Registered office | 37 St Margarets Street
| Canterbury
| Kent CT1 2TU
| United Kingdom

Company number | 01635057 (England and Wales)

Accountant | Kreston Reeves LLP
| 37 St Margarets Street
| Canterbury
| Kent
| CT1 2TU

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WARRPROP LIMITED

For the financial year ended 31 December 2025

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WARRPROP LIMITED (continued)

For the financial year ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Warrprop Limited for the financial year ended 31 December 2025 which comprise the Balance Sheet and the related notes 1 to 9 from the Company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.
It is your duty to ensure that Warrprop Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Warrprop Limited. You consider that Warrprop Limited is exempt from the statutory audit requirement for the financial year.
We have not been instructed to carry out an audit or a review of the financial statements of Warrprop Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Warrprop Limited, as a body, in accordance with the terms of our engagement letter dated 11 March 2026. Our work has been undertaken solely to prepare for your approval the financial statements of Warrprop Limited and state those matters that we have agreed to state to the Board of Directors of Warrprop Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Warrprop Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP

37 St Margarets Street
Canterbury
Kent
CT1 2TU

17 March 2026

WARRPROP LIMITED

## BALANCE SHEET

As at 31 December 2025
WARRPROP LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,468 |  | 0
Investment property | 4 | 750,000 |  | 990,699
|  | 751,468 |  | 990,699
Current assets |  |  |  |
Debtors | 5 | 9,482 |  | 6,936
Cash at bank and in hand |  | 224,826 |  | 11,376
|  | 234,308 |  | 18,312
Creditors: amounts falling due within one year | 6 | ( 10,587) |  | ( 12,261)
Net current assets |  | 223,721 |  | 6,051
Total assets less current liabilities |  | 975,189 |  | 996,750
Net assets |  | 975,189 |  | 996,750
Capital and reserves |  |  |  |
Called-up share capital | 8 | 40,000 |  | 40,000
Revaluation reserve |  | 92,619 |  | 92,619
Profit and loss account |  | 842,570 |  | 864,131
Total shareholders' funds |  | 975,189 |  | 996,750

For the financial year ending 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Warrprop Limited (registered number: 01635057) were approved and authorised for issue by the Board of Directors on 17 March 2026. They were signed on its behalf by:

Mr D N Warren Director |

WARRPROP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
WARRPROP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

Warrprop Limited (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 37 St Margarets Street, Canterbury, Kent CT1 2TU, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### 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 current 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.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### 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.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### 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.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 4 |  | 4

#### 3. Tangible assets

| Computer equipment |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2025 | 0 |  | 0
Additions | 1,499 |  | 1,499
At 31 December 2025 | 1,499 |  | 1,499
Accumulated depreciation |  |  |
At 01 January 2025 | 0 |  | 0
Charge for the financial year | 31 |  | 31
At 31 December 2025 | 31 |  | 31
Net book value |  |  |
At 31 December 2025 | 1,468 |  | 1,468
At 31 December 2024 | 0 |  | 0

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 January 2025 | 990,699
Disposals | (240,699)
As at 31 December 2025 | 750,000

Valuation

The 2025 valuations were made by the directors, on an open market value for existing use basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 633,829 |  | 874,528

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 6,000 |  | 3,000
Deferred tax asset | 3,122 |  | 3,567
Other debtors | 360 |  | 369
| 9,482 |  | 6,936

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 0 |  | 1,512
Corporation tax | 1,926 |  | 5,169
Other creditors | 8,661 |  | 5,580
| 10,587 |  | 12,261

#### 7. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | 3,567 |  | 4,094
Charged to the Statement of Income and Retained Earnings | ( 445) |  | ( 527)
At the end of financial year | 3,122 |  | 3,567

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
10,000 Ordinary A shares of £ 1.00 each | 10,000 |  | 10,000
10,000 Ordinary B shares of £ 1.00 each | 10,000 |  | 10,000
10,000 Ordinary C shares of £ 1.00 each | 10,000 |  | 10,000
10,000 Ordinary D shares of £ 1.00 each | 10,000 |  | 10,000
| 40,000 |  | 40,000

#### 9. Ultimate controlling party

The company is under the control of the Warren family which comprises, Mr and Mrs D N Warren, who are directors of the company and Messrs N and P Warren.