REGISTERED NUMBER: 13364468 (England and Wales)

NCF Properties Limited

Unaudited Financial Statements for the Year Ended 31 August 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R W Price

Mrs D Price

REGISTERED OFFICE:

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

REGISTERED NUMBER:

13364468 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Investment property

4

1,687,506

1,687,506

CURRENT ASSETS

Debtors

5

1,185

2,666

Cash at bank

404

3,171

1,589

5,837

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

1,210,525

1,249,398

NET CURRENT LIABILITIES

(1,208,936

)

(1,243,561

)

TOTAL ASSETS LESS CURRENT LIABILITIES

478,570

443,945

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

7

(389,510

)

(389,485

)

PROVISIONS FOR LIABILITIES

(65,185

)

(64,185

)

NET ASSETS/(LIABILITIES)

23,875

(9,725

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

23,775

(9,825

)

SHAREHOLDERS' FUNDS

23,875

(9,725

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

Mr R W Price - Director

1.	STATUTORY INFORMATION

NCF Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	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.

Investment property

Investment property is shown at fair value at each reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Revenue recognition

Revenue in respect of rental income from investment properties is recognised in accordance with the lease or rental agreement on an accruals basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

and 31 August 2025

1,687,506

NET BOOK VALUE

At 31 August 2025

1,687,506

At 31 August 2024

1,687,506

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,185

2,666

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

12,366

12,390

Trade creditors

-

1

Amounts owed to group undertakings

1,183,718

1,228,910

Taxation and social security

9,330

-

Other creditors

5,111

8,097

1,210,525

1,249,398

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

389,510

389,485

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

340,047

339,925

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

401,876

401,875

There is a fixed and floating charge over the assets of the company in respect of the mortgage at the balance sheet date totalling £401,876 (2024: £401,875).

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

100 Ordinary shares were issued at incorporation. These shares rank pari passu.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances to a director totalling £3,745 (2024: £nil) and received payments totalling £nil (2024: £nil). At the balance sheet date the company owed the director £nil (2024: £3,745). This loan is interest free, unsecured and repayable on demand.

11.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed its parent company £1,183,718 (2024: £1,228,910). This balance is unsecured, interest free and repayable on demand.