NOTHING BUT PROPERTY LIMITED


Directors	WYRES, Mark Leonard
	WYRES, Natalie


Registered Address	Onega House
	112 Main Road
	Sidcup
	DA14 6NE


Registered Number	09976037 (England and Wales)

Balance Sheet as at
30 June 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		921,106		445,439
			921,106		445,439
Current assets
Cash at bank and on hand		4,511		321,157
		4,511		321,157
Creditors amounts falling due within one year	4	(548,416)		(439,748)
Net current assets (liabilities)			(543,905)		(118,591)
Total assets less current liabilities			377,201		326,848
Creditors amounts falling due after one year	5		(309,451)		(309,451)
Provisions for liabilities	6		(11,305)		(1,900)
Net assets			56,445		15,497
Capital and reserves
Called up share capital			100		100
Profit and loss account			56,345		15,397
Shareholders' funds			56,445		15,497

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 31 March 2026, and are signed on its behalf by:

WYRES, Mark Leonard
Director

WYRES, Natalie
Director

Registered Company No. 09976037

NOTHING BUT PROPERTY LIMITED

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

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

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

	Revenue from sale of goods
	Turnover is derived from the rental of properties, and is recognised evenly over the period that the properties are let.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Investment property
	The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 June 2025 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. If the investment property had not been revalued, it would be held at historical cost of £861,606 (2024: £435,439).


		£
	Fair value at 01 July 24	445,439
	Additions	426,167
	Fair value adjustments	49,500
	At 30 June 25	921,106

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	200	1,466
Other creditors	547,016	437,202
Accrued liabilities and deferred income	1,200	1,080
Total	548,416	439,748

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	309,451	309,451
Total	309,451	309,451

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	11,305	1,900
Total	11,305	1,900

7.	Directors advances, credits and guarantees
	Included within other creditors is an amount of £6,860 (2024 : £6,010) the company owed to the directors. The loan is interest free and repayable on demand.

8.	Related party transactions
	Directors, Mark Leonard Wyres and Natalie Wyres are also directors and shareholders of Nothing But Flooring and Building Limited and Nothing But Flooring Limited. Included within other creditors is an amount of £469,632 (2024 : £360,668) the company owed to Nothing But Flooring and Building Limited. Included within other creditors is an amount of £70,524 (2024 : £70,524) the company owed to Nothing But Flooring Limited.

Related party transactions

Directors, Mark Leonard Wyres and Natalie Wyres are also directors and shareholders of Nothing But Flooring and Building Limited and Nothing But Flooring Limited.

Included within other creditors is an amount of £469,632 (2024 : £360,668) the company owed to Nothing But  Flooring and Building Limited.

Included within other creditors is an amount of £70,524 (2024 : £70,524) the company owed to Nothing But Flooring Limited.

9.	Change in reporting period and impact on comparability
	The financial statements for the previous accounting period were prepared from 1 February 2023 to 30 June 2024 which is for a period of more than one year and therefore the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.