REGISTERED NUMBER: 10187874 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

RADICAL PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr R J Purcell

Mrs J C Purcell

REGISTERED OFFICE:

23 Red Lane

Disley

Stockport

Cheshire

SK12 2NP

REGISTERED NUMBER:

10187874 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

4

80,568

40

Investments

5

400

-

80,968

40

CURRENT ASSETS

Debtors

6

1,220,202

1,351

Cash at bank

28,675

24,128

1,248,877

25,479

CREDITORS

Amounts falling due within one year

7

1,389,899

27,253

NET CURRENT LIABILITIES

(141,022

)

(1,774

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(60,054

)

(1,734

)

PROVISIONS FOR LIABILITIES

8

7,233

-

NET LIABILITIES

(67,287

)

(1,734

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(67,387

)

(1,834

)

SHAREHOLDERS' FUNDS

(67,287

)

(1,734

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2026 and were signed on its behalf by:

Mr R J Purcell - Director

1.	STATUTORY INFORMATION

Radical 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.

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.

The company has prepared its accounts on the going concern basis despite net liabilities, as the directors and shareholders have indicated that at the date of signing these accounts they will continue to support the company for at least the next year.

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.

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

408

Additions

98,535

Disposals

(408

)

At 31 March 2026

98,535

DEPRECIATION

At 1 April 2025

368

Charge for year

17,967

Eliminated on disposal

(368

)

At 31 March 2026

17,967

NET BOOK VALUE

At 31 March 2026

80,568

At 31 March 2025

40

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

1,380,000

Impairments

(1,379,600

)

At 31 March 2026

400

NET BOOK VALUE

At 31 March 2026

400

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

-

1,351

Other debtors

1,220,202

-

1,220,202

1,351

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

2,538

1,227

Taxation and social security

1,593

428

Other creditors

1,385,768

25,598

1,389,899

27,253

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

7,233

-

Deferred

tax

£

Charge to Statement of Income and Retained Earnings during year

7,233

Balance at 31 March 2026

7,233

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

-

100

50

Ordinary A

£1

50

-

50

Ordinary B

£1

50

-

100

100

During the year the 100 Ordinary shares were reclassified into 50 Ordinary A shares and 50 Ordinary B shares.