REGISTERED NUMBER: 12731289 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

NORTHCHURCH PROPERTIES LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

4,733

-

Tangible assets

5

924

453

Investment property

6

1,321,681

1,115,000

1,327,338

1,115,453

CURRENT ASSETS

Debtors

7

9,766

10,580

Cash at bank

38,513

59,105

48,279

69,685

CREDITORS

Amounts falling due within one year

8

961,780

879,583

NET CURRENT LIABILITIES

(913,501

)

(809,898

)

TOTAL ASSETS LESS CURRENT LIABILITIES

413,837

305,555

CREDITORS

Amounts falling due after more than one year

9

676,114

483,431

NET LIABILITIES

(262,277

)

(177,876

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(262,377

)

(177,976

)

(262,277

)

(177,876

)

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2026 and were signed on its behalf by:

N D Ogiermann - Director

1.	STATUTORY INFORMATION

Northchurch Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12731289

Registered office:

3rd Floor

21 Perrymount Road

Haywards Heath

West Sussex

RH16 3TP

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 as modified by the revaluation of certain assets.

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 Reducing balance

Tangible assets are stated at cost (or deemed cost\ or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property

Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes purchase cost and directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Intangible assets

Intangible assets are initially recognised at cost, which includes purchase cost and directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

Going concern

After reviewing the company's forecasts, the directors confirm that they will continue to fund the company with adequate resources to continue into the foreseeable future and therefore, the company continues to adopt the going concern basis in preparing its financial statements.

3.

EMPLOYEES

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

4.	INTANGIBLE FIXED ASSETS

Unlisted

investments

£

COST OR VALUATION

Additions

4,676

Revaluations

57

At 31 October 2025

4,733

NET BOOK VALUE

At 31 October 2025

4,733

Cost or valuation at 31 October 2025 is represented by:

Unlisted

investments

£

Valuation in 2025

57

Cost

4,676

4,733

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 November 2024

733

Additions

602

At 31 October 2025

1,335

DEPRECIATION

At 1 November 2024

280

Charge for year

131

At 31 October 2025

411

NET BOOK VALUE

At 31 October 2025

924

At 31 October 2024

453

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

1,115,000

Additions

263,231

Revaluations

(56,550

)

At 31 October 2025

1,321,681

NET BOOK VALUE

At 31 October 2025

1,321,681

At 31 October 2024

1,115,000

Fair value at 31 October 2025 is represented by:

£

Valuation in 2023

(125,867

)

Valuation in 2024

2,170

Valuation in 2025

(56,550

)

Cost

1,501,928

1,321,681

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,238,697

1,238,697

Investment property was valued on an open market basis on 31 October 2025 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,270

10,580

Prepayments and accrued income

8,496

-

9,766

10,580

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

955,868

874,924

Directors' current accounts

2,612

1,479

Accruals and deferred income

3,300

3,180

961,780

879,583

The amount due to the director is interest free and repayable on demand.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yrs non-inst

676,114

483,431

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

676,114

483,431

The bank loans are secured by way of a fixed charge over the investment properties owned by the company.