REGISTERED NUMBER: 03910047 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

Northend Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I Beaton

G Scott

SECRETARY:

I Beaton

REGISTERED OFFICE:

Airport House

Suite 43-45

Purley Way

Croydon

Surrey

CR0 0XZ

REGISTERED NUMBER:

03910047 (England and Wales)

ACCOUNTANTS:

RAA Ledger Sparks Ltd

Airport House

Suite 43-45

Purley Way

Croydon

CR0 0XZ

Fixed assets

Tangible assets

4

38,410

51,320

Investment property

5

1,874,875

1,868,910

1,913,285

1,920,230

Current assets

Debtors

6

1,148

264

Cash at bank

97,919

127,541

99,067

127,805

Creditors

Amounts falling due within one year

7

(46,119

)

(64,053

)

Net current assets

52,948

63,752

Total assets less current liabilities

1,966,233

1,983,982

Creditors

Amounts falling due after more than one year

8

(384,593

)

(417,021

)

Provisions for liabilities

9

(140,445

)

(140,594

)

Net assets

1,441,195

1,426,367

Capital and reserves

Called up share capital

2

2

Investment property reserves

10

892,020

892,020

Retained earnings

10

549,173

534,345

1,441,195

1,426,367

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 16 June 2026 and were signed on its behalf by:

I Beaton - Director

1.	STATUTORY INFORMATION

Northend 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 (£).

The principal activity of the company was that of letting of own property.

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 as modified by the revaluation of certain assets.

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover comprises revenue recognised by the company in respect of rent receivable and other income from the letting and management of land and property owned by the company during the year.

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and discounts. Turnover includes revenue earned from the rendering of services.

TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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

Plant and machinery

25% on reducing balance

Fixtures and fittings

25% on reducing balance

Computer equipment

25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

INVESTMENT PROPERTIES

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

FINANCIAL INSTRUMENTS

The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION

The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX

Deferred tax is recognized in respect of all material timing differences that have originated but not reversed at the balance sheet date.

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earning in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

GOING CONCERN

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2025

44,974

78,915

-

123,889

Additions

1,304

1,583

958

3,845

Disposals

(34,105

)

(4,347

)

-

(38,452

)

At 31 January 2026

12,173

76,151

958

89,282

DEPRECIATION

At 1 February 2025

36,081

36,488

-

72,569

Charge for year

1,459

10,446

120

12,025

Eliminated on disposal

(30,542

)

(3,180

)

-

(33,722

)

At 31 January 2026

6,998

43,754

120

50,872

NET BOOK VALUE

At 31 January 2026

5,175

32,397

838

38,410

At 31 January 2025

8,893

42,427

-

51,320

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

1,868,910

Additions

5,965

At 31 January 2026

1,874,875

NET BOOK VALUE

At 31 January 2026

1,874,875

At 31 January 2025

1,868,910

Investment property comprises of 75 & 77 Morland Road, Croydon and 16a Parker road property. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties by directors.

Fair value at 31 January 2026 is represented by:

£

Valuation in 2008

309,502

Valuation in 2012

50,000

Valuation in 2014

50,000

Valuation in 2017

20,036

Valuation in 2019

593,216

Cost

852,121

1,874,875

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,148

264

The directors consider the carrying value of trade and other receivables approximate to their fair value.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

10,224

Trade creditors

5,963

2,341

Taxation and social security

35,674

47,220

Other creditors

4,482

4,268

46,119

64,053

The directors consider the carrying amounts of current liabilities approximate to their fair values.

Mortgage charge at Companies House has been registered by Lloyds Bank PLC for the loan taken by company, which has fixed, floating charges & negative pledge over the property to which it relates.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

384,593

417,021

The directors consider the carrying amounts of long term liabilities approximate to their fair values.

Mortgage charge at Companies House has been registered by Lloyds Bank PLC for the loan taken by company, which has fixed, floating charges & negative pledge over the property to which it relates.

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

140,445

140,594

Deferred

tax

£

Balance at 1 February 2025

140,594

Provided during year

(149

)

Balance at 31 January 2026

140,445

10.

RESERVES

Investment

Retained

property

earnings

reserves

Totals

£

£

£

At 1 February 2025

534,345

892,020

1,426,365

Profit for the year

55,828

55,828

Dividends

(41,000

)

(41,000

)

At 31 January 2026

549,173

892,020

1,441,193

PROFIT AND LOSS ACCOUNT

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders.These are distributable reserves.

INVESTMENT PROPERTY RESERVES

The Company uses the Fair value model for the measurement of its investment properties. The reserve records the fair value surplus recognised less the related provision for deferred tax. This is a non-distributable reserve.

PROFIT AND LOSS RESERVES

Retained earnings consist of fair value adjustments and deferred tax in relation to investment properties.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

2026

2025

£

£

I Beaton and G Scott

Balance outstanding at start of year

(193

)

3,398

Amounts advanced

40,958

106,409

Amounts repaid

(41,000

)

(110,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(235

)

(193

)

12.	RELATED PARTY DISCLOSURES

At the balance sheet date included in other creditors are amounts due to directors of £235 (2025 - £193). This loan is interest free and repayable on demand.

Included within administrative expenses are management charges of £19,000 (2025 - £4,167) from AIDB Ltd and of Nil (2025 - £2,500) from Safari Service Station Limited ,both of which have Iain Beaton as a director.

Included within administrative expenses are management charges of £20,400 (2025 - £4,167) from Buildskill London Ltd in which Gary Scott is a director.