Seventeen Properties Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10905851

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,238,056		1,094,208

			1,238,056		1,094,208
CURRENT ASSETS
Cash at bank and in hand		3,645		2,231

		3,645		2,231
Creditors: Amounts Falling Due Within One Year	5	(64,752 )		(79,862 )

NET CURRENT ASSETS (LIABILITIES)			(61,107 )		(77,631 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,176,949		1,016,577

Creditors: Amounts Falling Due After More Than One Year	6		(1,156,321 )		(1,030,811 )

NET ASSETS/(LIABILITIES)			20,628		(14,234 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			20,627		(14,235 )

SHAREHOLDERS' FUNDS			20,628		(14,234)

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Seventeen Properties Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

M K Bains

Director

08/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Seventeen Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10905851 . The registered office is 65 Devizes Road, Old Town, Swindon, Wiltshire, SN1 4BD.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% straight line

2.4. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

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Seventeen Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 April 2025	1,092,849	1,359	1,094,208
Additions	143,244	1,030	144,274

As at 31 March 2026	1,236,093	2,389	1,238,482

Depreciation
As at 1 April 2025	-	-	-
Provided during the period	-	426	426

As at 31 March 2026	-	426	426

Net Book Value
As at 31 March 2026	1,236,093	1,963	1,238,056

As at 1 April 2025	1,092,849	1,359	1,094,208

5. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Bank loans and overdrafts	400	2,800
Other creditors	61,360	77,062
Taxation and social security	2,992	-

	64,752	79,862

6. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	919,455	816,066
Other creditors	236,866	214,745

	1,156,321	1,030,811

7. Secured Creditors

The following secured debts are included within creditors.

Bank loans are secured by way of the following:

Legal charge over the property known as Ground Floor Flat, Chestnut House, 144 Victoria Road, Swindon, SN1 3BU, dated 29 March 2018. The charge contains a negative pledge.

Legal charge over the property known as Flat 6, Chestnut House, Stanley Street, Swindon, SN1 3LH, dated 31 May 2022. The charge contains a negative pledge.

Legal charge over the property known as 16 Park Lane, Swindon, SN1 5HG, dated 14 September 2022. The charge contains a negative pledge.

Legal charge over the property known as 23 Park Crescent, West Bromwich, B71 4AJ, dated 15 December 2022. The charge contains a negative pledge.

Legal charge over the property known as 98 Redcliffe Street, Swindon, SN2 2BZ, dated 13 February 2023. The charge contains a negative pledge.

Legal fixed charge over the property known as Flat 1, 8 Swindon Road, Swindon, SN3 4PZ, dated 28 June 2024. The charge contains a negative pledge.

Legal fixed charge over the property known as 5, Barncroft Street, West Bromwich, West Midlands B70 0QJ, dated 27 March 2026. The charge contains a negative pledge.

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Seventeen Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

	2026		2025
	£		£
Bank loans and overdrafts	919,455		816,066

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

10. Related Party Transactions

Unless otherwise disclosed, all related party transactions have been conducted under normal market conditions, including dividend payments to its shareholders.

Included within other creditors as at 31 March 2026 is £236,866 (2025: £214,745) owed to the directors. No interest is being charged on this loan.

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