REGISTERED NUMBER: 16018361 (England and Wales)

Unaudited Financial Statements

for the Period 15 October 2024 to 14 April 2026

for

123 Property Development Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J A Barker

SECRETARY:

Mr J A Barker

REGISTERED OFFICE:

63 Broad Green

Wellingborough

Northamptonshire

NN8 4LQ

REGISTERED NUMBER:

16018361 (England and Wales)

ACCOUNTANTS:

Clifford Roberts

63 Broad Green

Wellingborough

Northamptonshire

NN8 4LQ

CURRENT ASSETS

Debtors

4

573,496

Cash at bank

50,778

624,274

CREDITORS

Amounts falling due within one year

5

623,396

NET CURRENT ASSETS

878

TOTAL ASSETS LESS CURRENT LIABILITIES

878

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

7

778

SHAREHOLDERS' FUNDS

878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 14 April 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 14 April 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 July 2026 and were signed by:

Mr J A Barker - Director

1.	STATUTORY INFORMATION

123 Property Development Ltd 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.

Revenue

Turnover represents net invoices sale of goods and services, excluding value added tax.

Taxation

Taxation for the period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

2,047

Amounts owed by group undertakings

511,449

Prepayments and accrued income

60,000

573,496

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

4,034

Tax

215

Directors' current accounts

617,147

Accrued expenses

2,000

623,396

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

7.

RESERVES

Retained

earnings

£

At 15 October 2024

(705

)

Profit for the period

1,483

At 14 April 2026

778

8.	GOING CONCERN

The financial statements have been prepared on a going concern basis, on the understanding that the director is confident that he can financially support the business in order for it to continue trading for a period of at least 12 months from the date these financial statements have been approved.