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Registered number: 12036150
Properly Partners Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2025
Properly Partners Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Properly Partners Ltd
Balance Sheet
As At 30 June 2025
Balance Sheet
Registered number: 12036150

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 479,685 |  | 416,627
Tangible Assets | 5 |  | 1,399 |  | 1,505
|  |  | 481,084 |  | 418,132
CURRENT ASSETS
Debtors | 6 | 49,026 |  | 32,388 |
Cash at bank and in hand |  | 79,871 |  | 204,152 |
|  | 128,897 |  | 236,540 |
Creditors: Amounts Falling Due Within One Year | 7 | (151,186 ) |  | (158,559 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (22,289 ) |  | 77,981
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 458,795 |  | 496,113
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (123,573 ) |  | (195,544 )
NET ASSETS |  |  | 335,222 |  | 300,569
CAPITAL AND RESERVES
Called up share capital | 9 |  | 200 |  | 200
Profit and Loss Account |  |  | 335,022 |  | 300,369
SHAREHOLDERS' FUNDS |  |  | 335,222 |  | 300,569

Page 1
Page 2
Properly Partners Ltd
Balance Sheet (continued)
As At 30 June 2025
For the year ending 30 June 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 Michael Whittaker Director
19/03/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Properly Partners Ltd
Notes to the Financial Statements
For The Year Ended 30 June 2025
Notes to the Financial Statements
1. General Information
Properly Partners Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12036150 . The registered office is 3 Kingsmead Terrace, Bath, BA1 1UX.
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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 33.33% straight Line
Fixtures & Fittings | 33.33% straight line
Computer Equipment | 33.33% straight line

Page 3
Page 4
Properly Partners Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
2.5. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 July 2024 | 462,919
Additions | 121,500
As at 30 June 2025 | 584,419
Amortisation
As at 1 July 2024 | 46,292
Provided during the period | 58,442
As at 30 June 2025 | 104,734

...CONTINUED
Page 4
Page 5
Properly Partners Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025

Net Book Value
As at 30 June 2025 | 479,685
As at 1 July 2024 | 416,627

5. Tangible Assets

| Plant & Machinery | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 July 2024 | 1,995 | 4,069 | 6,064
Additions | - | 973 | 973
As at 30 June 2025 | 1,995 | 5,042 | 7,037
Depreciation
As at 1 July 2024 | 1,995 | 2,564 | 4,559
Provided during the period | - | 1,079 | 1,079
As at 30 June 2025 | 1,995 | 3,643 | 5,638
Net Book Value
As at 30 June 2025 | - | 1,399 | 1,399
As at 1 July 2024 | - | 1,505 | 1,505

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 4,992 |  | 16,623
Other debtors | 44,034 |  | 15,765
| 49,026 |  | 32,388

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 22,800 |  | 13,878
Bank loans and overdrafts | 54,024 |  | 43,210
Other creditors | 1,816 |  | 9,389
Taxation and social security | 72,546 |  | 92,082
| 151,186 |  | 158,559

Page 5
Page 6
Properly Partners Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 123,573 |  | 195,544

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 200 |  | 200

10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 July 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 June 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Michael Whittaker | (10,745 ) | - | 4 | - | (10,741 )

The above loan is unsecured, interest free and repayable on demand.
Page 6