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Company registration number:
11323785
UK Property Specialists Ltd
Unaudited Filleted Financial Statements for the year ended
30 April 2025
Thirlwell & Co Chartered Accountants
4 Church Street, Swinton, Mexborough, South Yorkshire, S64 8QA, United Kingdom
UK Property Specialists Ltd
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of UK Property Specialists Ltd
Year ended
30 April 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
UK Property Specialists Ltd
for the year ended
30 April 2025
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes 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 icaew.com/​regulations.
This report is made solely to the Board of Directors of
UK Property Specialists Ltd
, as a body, in accordance with the terms of our engagement letter dated 12 March 2024. Our work has been undertaken solely to prepare for your approval the
financial statements
of
UK Property Specialists Ltd
and state those matters that we have agreed to state to the Board of Directors of
UK Property Specialists Ltd
, 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
UK Property Specialists Ltd
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
UK Property Specialists Ltd
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 loss of
UK Property Specialists Ltd
. You consider that
UK Property Specialists Ltd
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of UK Property Specialists Ltd. 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.
Thirlwell & Co Chartered Accountants
4 Church Street
Swinton
Mexborough
South Yorkshire
S64 8QA
United Kingdom
Date:
20 March 2026
UK Property Specialists Ltd
Statement of Financial Position
30 April 2025

|  | 2025 | 2024
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 | 101,377 |  | 112,014 |
Current assets |  |  |  |  |
Debtors | 6 | 5,650 |  | 5,650 |
Cash at bank and in hand |  | 160 |  | 528 |
|  | 5,810 |  | 6,178 |
Creditors: amounts falling due within one year | 7 | (78,877 | ) | (31,953 | )
Net current liabilities |  | (73,067 | ) | (25,775 | )
Total assets less current liabilities |  | 28,310 |  | 86,239 |
Creditors: amounts falling due after more than one year | 8 | (68,013 | ) | (76,962 | )
Provisions for liabilities |  | (5,011 | ) | (4,193 | )
Net (liabilities)/assets |  | (44,714 | ) | 5,084 |
Capital and reserves |  |  |  |  |
Other reserves |  | 7,684 |  | 7,684 |
Profit and loss account |  | (52,398 | ) | (2,600 | )
Shareholders (deficit)/funds |  | (44,714 | ) | 5,084 |

For the 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.
Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
20 March 2026
, and are signed on behalf of the board by:

J Sales
Director

Company registration number:
11323785
UK Property Specialists Ltd
Notes to the Financial Statements
Year ended
30 April 2025

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
60 Cemetry Road
,
Wath Upon Dearne
,
Rotherham
,
South Yorkshire
,
S63 6HU
, United Kingdom.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered and goods supplied, net of discounts and Value Added Tax.

## Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

## Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures and fittings | 20% straight line
Office equipment | 20% straight line
Motor vehicles | 25% straight line

## Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

## Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

## Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

## Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

## Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

## Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

## 4 Average number of employees

The average number of persons employed by the company during the year was
4
(2024:
1.00
).

## 5 Tangible assets

| Land and buildings | Plant and machinery etc. | Total
--- | --- | --- | ---
| £ | £ | £
Cost |  |  |  |  |  |
At 1 May 2024 and 30 April 2025 | 75,000 |  | 52,282 |  | 127,282 |
Depreciation |  |  |  |  |  |
At 1 May 2024 | - |  | 15,268 |  | 15,268 |
Charge | - |  | 10,637 |  | 10,637 |
At 30 April 2025 | - |  | 25,905 |  | 25,905 |
Carrying amount |  |  |  |  |  |
At 30 April 2025 | 75,000 |  | 26,377 |  | 101,377 |
At 30 April 2024 | 75,000 |  | 37,014 |  | 112,014 |

## Tangible assets held at valuation

Land and Buildings of £75,000 (2024: £75,000) are carried at valuation.

## Investment property

Included in land and buildings are the following amounts in relation to investment properties:

| 2025
--- | ---
| £
Carrying value at 1 May 2024 and 30 April 2025 | 75,000 |

If the investment property had not been revalued it would have been included at its historical cost of £65,513 (2024: £65,513).

## 6 Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Other debtors | 5,650 |  | 5,650 |

## 7 Creditors: amounts falling due within one year

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 1,830 |  | 1,830 |
Trade creditors | 552 |  | 1,230 |
Taxation and social security | 6,433 |  | 5,586 |
Other creditors | 70,062 |  | 23,307 |
| 78,877 |  | 31,953 |

## 8 Creditors: amounts falling due after more than one year

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 57,288 |  | 59,020 |
Other creditors | 10,725 |  | 17,942 |
| 68,013 |  | 76,962 |

Bank loans of £56,875 (2024: £56,875) are secured and are included within creditors.
Bank loans include aggregate amounts of £56,875 (2024: £56,875) which fall due after five years and which are payable otherwise than instalments.