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Company No: 08496665 (England and Wales)

# PROPERTY SALES & LETTINGS LTD

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH THE REGISTRAR

PROPERTY SALES & LETTINGS LTD

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025

Contents

PROPERTY SALES & LETTINGS LTD

## COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025
PROPERTY SALES & LETTINGS LTD

## COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025

DIRECTOR | Roy Hammond

REGISTERED OFFICE | 11 Upper Old Park Lane
| Farnham
| GU9 0AT
| United Kingdom

COMPANY NUMBER | 08496665 (England and Wales)

ACCOUNTANT | Shaw Gibbs Limited
| Wey Court West
| Union Road
| Farnham
| Surrey
| GU9 7PT

PROPERTY SALES & LETTINGS LTD

## BALANCE SHEET

AS AT 30 APRIL 2025
PROPERTY SALES & LETTINGS LTD

## BALANCE SHEET (continued)

AS AT 30 APRIL 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 315,000 |  | 400,000
Investments | 4 | 200,806 |  | 194,000
|  | 515,806 |  | 594,000
Current assets |  |  |  |
Debtors | 5 | 564 |  | 565
Cash at bank and in hand | 6 | 6,137 |  | 84,909
|  | 6,701 |  | 85,474
Creditors: amounts falling due within one year | 7 | ( 50,391) |  | ( 119,407)
Net current liabilities |  | (43,690) |  | (33,933)
Total assets less current liabilities |  | 472,116 |  | 560,067
Net assets |  | 472,116 |  | 560,067
Capital and reserves |  |  |  |
Called-up share capital | 9 | 1 |  | 1
Other reserves |  | 71,250 |  | 116,250
Profit and loss account |  | 400,865 |  | 443,816
Total shareholder's funds |  | 472,116 |  | 560,067

For the financial 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges 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 Property Sales & Lettings Ltd (registered number: 08496665) were approved and authorised for issue by the Director on 03 April 2026. They were signed on its behalf by:

Roy Hammond Director |

PROPERTY SALES & LETTINGS LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025
PROPERTY SALES & LETTINGS LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 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

Property Sales & Lettings Ltd (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 11 Upper Old Park Lane, Farnham, GU9 0AT, 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

##### 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:

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.
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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### 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.

##### 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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 May 2024 | 400,000
Fair value movement | (85,000)
As at 30 April 2025 | 315,000

The 2025 valuation were made by the director, 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 | 184,800 |  | 189,200

The historic cost is the original purchase cost of the investment property of £220,000 less deprecation of £35,200, depreciation is charged at 2% per year.

#### 4. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 May 2024 | 194,000 |  | 194,000
At 30 April 2025 | 194,000 |  | 194,000
Provisions for impairment |  |  |
At 01 May 2024 | 0 |  | 0
Reversal of impairment | ( 6,806) |  | ( 6,806)
At 30 April 2025 | ( 6,806) |  | ( 6,806)
Carrying value at 30 April 2025 | 200,806 |  | 200,806
Carrying value at 30 April 2024 | 194,000 |  | 194,000

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 564 |  | 565

#### 6. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 6,137 |  | 84,909

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

| 2025 |  | 2024
| £ |  | £
Amounts owed to director | 20,020 |  | 20
Accruals | 3,500 |  | 2,983
Deferred tax liability | 23,750 |  | 45,000
Taxation and social security | 3,021 |  | 71,304
Other creditors | 100 |  | 100
| 50,391 |  | 119,407

#### 8. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 45,000) |  | ( 86,250)
Credited to the Profit and Loss Account | 21,250 |  | 41,250
At the end of financial year | ( 23,750) |  | ( 45,000)

The deferred taxation balance is made up as follows:

| 2025 |  | 2024
| £ |  | £
Revaluation of investment property | ( 23,750) |  | ( 45,000)

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 Ordinary share of £ 1.00 | 1 |  | 1