Registration number: 00738943

Property Owners Limited

Contents

Statement of Director's Responsibilities	1
Balance Sheet	2
Notes to the Financial Statements	3 to 9

Property Owners Limited

Statement of Director's Responsibilities

The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Property Owners Limited

(Registration number: 00738943)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	530	-
Tangible assets	5	591,278	525,248
Other financial assets	6	250	-
		592,058	525,248
Current assets
Debtors	7	4,117	1,143
Cash at bank and in hand		26,719	32,433
		30,836	33,576
Creditors: Amounts falling due within one year	8	(18,824)	(17,363)
Net current assets		12,012	16,213
Total assets less current liabilities		604,070	541,461
Provision for tax due if property sold at book value		(59,000)	(43,000)
Net assets		545,070	498,461
Capital and reserves
Called up share capital	9	2,000	2,000
Share premium reserve		50	50
Retained earnings		543,020	496,411
Shareholders' funds		545,070	498,461

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 April 2026
 

......................................... Mr R D Woolley Company secretary and director

Property Owners Limited

Notes to the Financial Statements for the Period from 1 October 2024 to 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
43 Botley Road
Oxford
OX2 0BN

These financial statements were authorised for issue by the director on 14 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 14 April 2026 was Benjamin Hayes BSc FCA, who signed for and on behalf of Wenn Townsend.

Revenue recognition

Turnover represents the total value of rents receivable in the year, wholly in the UK.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Property Owners Limited

Notes to the Financial Statements for the Period from 1 October 2024 to 30 November 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	33.33% straight line
Office and flat equipment	15% reducing balance

Investment property

Investment property has been valued annually and the aggregate surplus or deficit is transferred to the profit and loss account. No depreciation is provided on freehold investment properties.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Domain names	10% straight line

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Property Owners Limited

Notes to the Financial Statements for the Period from 1 October 2024 to 30 November 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2024 - 1).

Property Owners Limited

Notes to the Financial Statements for the Period from 1 October 2024 to 30 November 2025

4	Intangible assets

	Domain names £	Total £
Cost or valuation
Additions acquired separately	600	600
At 30 November 2025	600	600
Amortisation
Amortisation charge	70	70
At 30 November 2025	70	70
Carrying amount
At 30 November 2025	530	530

5	Tangible assets

	Investment properties £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 October 2024	525,000	4,391	529,391
Revaluations	65,000	-	65,000
Additions	-	1,233	1,233
At 30 November 2025	590,000	5,624	595,624
Depreciation
At 1 October 2024	-	4,143	4,143
Charge for the period	-	203	203
At 30 November 2025	-	4,346	4,346
Carrying amount
At 30 November 2025	590,000	1,278	591,278
At 30 September 2024	525,000	248	525,248