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Company Registration No. 13197152 (England and Wales)
Potens Property Limited Unaudited accounts for the year ended 28 February 2026
Potens Property Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Potens Property Limited Company Information for the year ended 28 February 2026
Directors
Mitchell Foley Tracey Bateman
Company Number
13197152 (England and Wales)
Accountants
SJ Mellish Accountancy Services Ltd Office 13 Imex Centre 577 - 599 Maxted Road Hemel Hempstead HP2 7DX
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Potens Property Limited Statement of financial position as at 28 February 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
1,572
2,394
Investment property
5
300,000
300,000
301,572
302,394
Current assets
Debtors
6
110,015
123,238
Cash at bank and in hand
1,140
748
111,155
123,986
Creditors: amounts falling due within one year
7
(16,243)
(6,039)
Net current assets
94,912
117,947
Total assets less current liabilities
396,484
420,341
Creditors: amounts falling due after more than one year
8
(340,780)
(387,277)
Net assets
55,704
33,064
Capital and reserves
Called up share capital
(101)
(101)
Profit and loss account
55,805
33,165
Shareholders' funds
55,704
33,064
For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2026 and were signed on its behalf by
Mitchell Foley Director Company Registration No. 13197152
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Potens Property Limited Notes to the Accounts for the year ended 28 February 2026
1
Statutory information
Potens Property Limited is a private company, limited by shares, registered in England and Wales, registration number 13197152.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 March 2025
3,359
1,000
4,359
At 28 February 2026
3,359
1,000
4,359
Depreciation
At 1 March 2025
1,237
728
1,965
Charge for the year
672
150
822
At 28 February 2026
1,909
878
2,787
Net book value
At 28 February 2026
1,450
122
1,572
At 28 February 2025
2,122
272
2,394
5
Investment property
2026
£
Fair value at 1 March 2025
300,000
At 28 February 2026
300,000
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Potens Property Limited Notes to the Accounts for the year ended 28 February 2026
6
Debtors
2026
2025
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
110,015
123,238
7
Creditors: amounts falling due within one year
2026
2025
£
£
Taxes and social security
3,559
-
Other creditors
8,854
6,039
Loans from directors
3,830
-
16,243
6,039
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
111,532
138,167
Taxes and social security
-
3,051
Loans from directors
229,248
246,059
340,780
387,277
9
Transactions with related parties
Included in the creditors is a loan from the directors. The balance at the year end was £246,059. This loan is unsecured, interest free and is repayable on demand Included within the debtors is the loan balance of £123,238 from TKC Acquisitions Ltd, a company that is controlled by one of the directors. The Loan is unsecured, interest free and repayable on demand
10
Controlling party
The company's ultimate controlling party is Mr Mitchell Foley by virtue of his ownership of 60% of the issued share capital in the company
11
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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