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Company No: 11029864 (England and Wales)

# 123 PROPERTIES LTD

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

123 PROPERTIES LTD

## Unaudited Financial Statements

For the financial year ended 31 October 2025

Contents

123 PROPERTIES LTD

## COMPANY INFORMATION

For the financial year ended 31 October 2025
123 PROPERTIES LTD

## COMPANY INFORMATION (continued)

For the financial year ended 31 October 2025

DIRECTORS | Howard Antony Chaplin
| Luke Alexander Chaplin

REGISTERED OFFICE | Treviot House
| 186-192 High Road
| Ilford
| IG1 1LR
| United Kingdom

COMPANY NUMBER | 11029864 (England and Wales)

ACCOUNTANT | Gravita Essex Limited
| Treviot House
| 186-192 High Road
| Ilford
| Essex
| IG1 1LR
| United Kingdom

123 PROPERTIES LTD

## BALANCE SHEET

As at 31 October 2025
123 PROPERTIES LTD

## BALANCE SHEET (continued)

As at 31 October 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 1,440,991 |  | 1,156,320
|  | 1,440,991 |  | 1,156,320
Current assets |  |  |  |
Debtors | 4 | 6,591 |  | 6,356
Cash at bank and in hand |  | 2,725 |  | 13,692
|  | 9,316 |  | 20,048
Creditors: amounts falling due within one year | 5 | ( 614,179) |  | ( 517,882)
Net current liabilities |  | (604,863) |  | (497,834)
Total assets less current liabilities |  | 836,128 |  | 658,486
Creditors: amounts falling due after more than one year | 6 | ( 639,249) |  | ( 531,470)
Net assets |  | 196,879 |  | 127,016
Capital and reserves |  |  |  |
Called-up share capital |  | 2 |  | 2
Fair value reserve |  | 178,564 |  | 127,660
Profit and loss account |  | 18,313 |  | ( 646 )
Total shareholders' funds |  | 196,879 |  | 127,016

For the financial year ending 31 October 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 123 Properties Ltd (registered number: 11029864) were approved and authorised for issue by the Board of Directors on 20 February 2026. They were signed on its behalf by:

Howard Antony Chaplin Director |

123 PROPERTIES LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2025
123 PROPERTIES LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 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 period, unless otherwise stated.

##### General information and basis of accounting

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover represents the total invoice value of rent receivable during the 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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

##### Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 November 2024 | 1,156,320
Additions | 287,515
Fair value movement | 70,000
Disposals | (72,844)
As at 31 October 2025 | 1,440,991

Valuation

The investment properties were valued on a fair value basis on 31 October 2025 by the director.

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 | 1,191,581 |  | 976,910

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 6,591 |  | 6,356

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

| 2025 |  | 2024
| £ |  | £
Bank loans | 43,779 |  | 40,812
Amounts owed to Group undertakings | 508,510 |  | 423,284
Taxation and social security | 1,396 |  | 0
Other creditors | 60,494 |  | 53,786
| 614,179 |  | 517,882

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 639,249 |  | 519,591
Other creditors | 0 |  | 11,879
| 639,249 |  | 531,470

The bank loans are secured on freehold properties of the Company with a carrying value of £683,029 (2024: £560,403).

#### 7. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year/period | ( 29,758) |  | ( 21,208)
Charged to the Profit and Loss Account | ( 11,940) |  | ( 8,550)
At the end of financial year/period | ( 41,698) |  | ( 29,758)

#### 8. Related party transactions

Other related party transactions

| 2025 |  | 2024
| £ |  | £
The Comms Guys Limited | (508,510) |  | (423,484)