REGISTERED NUMBER: 09416843 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2026

for

Confidence Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S R Gaskin

REGISTERED OFFICE:

Eshton Suite 2 Wynyard Park House

Wynyard Business Park

Wynyard Avenue

Billingham

Cleveland

TS22 5TB

REGISTERED NUMBER:

09416843 (England and Wales)

ACCOUNTANTS:

RAA North East Ltd

Eshton Suite 2

Wynyard Business Park

Wynyard Avenue

Billingham

Cleveland

TS22 5TB

Fixed assets

Tangible assets

3

269

499

Current assets

Debtors

4

3,585

6,093

Cash at bank

38,317

28,951

41,902

35,044

Creditors

Amounts falling due within one year

5

(32,901

)

(34,582

)

Net current assets

9,001

462

Total assets less current liabilities

9,270

961

Creditors

Amounts falling due after more than one year

6

-

(1,569

)

Net assets/(liabilities)

9,270

(608

)

Capital and reserves

Called up share capital

2

2

Retained earnings

9,268

(610

)

9,270

(608

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 28 May 2026 and were signed by:

S R Gaskin - Director

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

TAXATION

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.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2025

731

1,118

1,849

Additions

-

149

149

At 28 February 2026

731

1,267

1,998

DEPRECIATION

At 1 March 2025

402

948

1,350

Charge for year

183

196

379

At 28 February 2026

585

1,144

1,729

NET BOOK VALUE

At 28 February 2026

146

123

269

At 28 February 2025

329

170

499

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

3,241

899

Directors' current accounts

-

4,697

Prepayments

344

497

3,585

6,093

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

1,568

6,159

Trade creditors

931

998

Corporation tax

4,013

6,721

Social security and other tax

291

364

Pension Liability

58

-

VAT

5,392

5,285

Other creditors

8,026

4,594

Net wages

-

286

Directors' current accounts

303

-

Deferred income

11,079

9,056

Accrued expenses

1,240

1,119

32,901

34,582

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loan more than 1 year

-

1,569

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

£

S R Gaskin

Balance outstanding at start of year

4,697

697

Amounts advanced

2,000

33,000

Amounts repaid

(7,000

)

(29,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(303

)

4,697

8.	RELATED PARTY DISCLOSURES

During the year included in turnover was an amount of £4,669 (2025 : £7,317) and in cost of sales was an amount of £98 (2025 : £762) which is related to a company of which Sam Gaskin was a director, Tomax Homes Ltd. At the balance sheet date nil (2025:- nil) was owed to this company and nil (2025 - nil) was owing to this company.