REGISTERED NUMBER: 02871585 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

UNITECH PROPERTY SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Sahajpal

M A J Street

A M Imlah

SECRETARY:

M A J Street

REGISTERED OFFICE:

Unitech House

Prospect Road

Burntwood

Staffordshire

WS7 0AU

REGISTERED NUMBER:

02871585 (England and Wales)

AUDITORS:

TC Group, Statutory Auditor

1 Rushmills

Bedford Road

Northampton

Northamptonshire

NN4 7YB

FIXED ASSETS

Tangible assets

4

3,819,985

3,161,685

Investment property

5

4,240,000

3,919,852

8,059,985

7,081,537

CURRENT ASSETS

Debtors

6

39,208

44,514

Cash at bank

34,114

14,928

73,322

59,442

CREDITORS

Amounts falling due within one year

7

622,767

539,557

NET CURRENT LIABILITIES

(549,445

)

(480,115

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,510,540

6,601,422

CREDITORS

Amounts falling due after more than one year

8

(2,959,013

)

(3,108,760

)

PROVISIONS FOR LIABILITIES

11

(813,162

)

(544,737

)

NET ASSETS

3,738,365

2,947,925

CAPITAL AND RESERVES

Called up share capital

12

200

200

Revaluation reserve

13

2,101,786

1,670,533

Retained earnings

13

1,636,379

1,277,192

SHAREHOLDERS' FUNDS

3,738,365

2,947,925

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2026 and were signed on its behalf by:

A M Imlah - Director

M A J Street - Director

1.	STATUTORY INFORMATION

Unitech Property Services 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.

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.

There were no material departures from that standard.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The Company determines whether a property qualifies as an investment property, and has developed criteria in making that judgement. Investment property is a property held to earn rentals or for capital appreciation or both. Therefore, the Company considers whether a property generates cash flows largely independently of the other assets held by the Company.

The fair values of freehold and investment properties are determined by using valuation techniques. The Company uses a variety of methods and makes assumptions that are based on market conditions existing at each balance sheet date. Where appropriate, professional valuations or similar valuation techniques are also used to determine the fair values of the properties.

In the absence of current prices in an active market for similar properties, the Company considers information from a variety of sources, including:

- current prices in an active market for properties of a different nature, condition or location, adjusted to reflect those differences;

- recent prices of similar properties on less active markets, with adjustments to reflect any changes in economic conditions since the date of the transactions that occurred at those prices; and

- discounted cash flow projections based on reliable estimates of future cash flows, supported by the terms of any existing lease and other contracts and (when possible) by external evidence such as current market rents for similar properties in the same location and condition, and using discount rates that reflect current market assessments of the uncertainty in the amount and timing of the cash flows.

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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

No depreciation is provided in respect of freehold properties, which are held for use by the group, on the grounds that the directors believe that the estimated residual value of the properties is not materially different from the carrying value of the assets, and this policy reflects a true and fair view in the financial statements. Instead the freehold properties are revalued periodically, and gains and losses are recognised in Other Comprehensive Income.

Tangible fixed assets are initially recorded at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such

indication exists, the recoverable amount of the asset is determined which is the higher of its fair value

less costs to sell and its value in use.

Investment property

Investment properties are initially recognised at cost, comprising its purchase price and any directly attributable expenditure.

Investment property whose fair value can be measured reliably without undue cost or effort is measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Financial instruments

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities, including trade and other payables, and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern note

As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST OR VALUATION

At 1 January 2025

3,150,000

457,423

9,209

3,616,632

Additions

84,996

-

2,500

87,496

Revaluations

575,004

-

-

575,004

At 31 December 2025

3,810,000

457,423

11,709

4,279,132

DEPRECIATION

At 1 January 2025

-

451,545

3,402

454,947

Charge for year

-

2,613

1,587

4,200

At 31 December 2025

-

454,158

4,989

459,147

NET BOOK VALUE

At 31 December 2025

3,810,000

3,265

6,720

3,819,985

At 31 December 2024

3,150,000

5,878

5,807

3,161,685

Cost or valuation at 31 December 2025 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

Valuation in 2016

678,200

-

-

678,200

Valuation in 2017

80,000

-

-

80,000

Valuation in 2019

80,000

-

-

80,000

Valuation in 2020

360,000

-

-

360,000

Valuation in 2021

974,150

-

-

974,150

Valuation in 2025

575,004

-

-

575,004

Cost

1,062,646

457,423

11,709

1,531,778

3,810,000

457,423

11,709

4,279,132

The freehold properties are held as investment properties for the purpose of the group.

Freehold properties are stated at fair value based on professional valuations obtained in January 2026

by Avison Young (UK) Limited.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

3,919,852

Revaluations

320,148

At 31 December 2025

4,240,000

NET BOOK VALUE

At 31 December 2025

4,240,000

At 31 December 2024

3,919,852

Fair value at 31 December 2025 is represented by:

£

Valuation in 2016

(7,770

)

Valuation in 2017

60,151

Valuation in 2019

79,432

Valuation in 2020

129,849

Valuation in 2021

(60,000

)

Valuation in 2022

88,780

Valuation in 2025

320,148

Cost

3,629,410

4,240,000

Investment properties are stated at fair value based on professional valuations obtained in January 2026 by Avison Young (UK) Limited.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

38,868

43,669

Tax

-

524

Prepayments

340

321

39,208

44,514

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

139,819

120,660

Trade creditors

9,535

19,648

Amounts owed to group undertakings

182,148

175,628

Corporation tax

18,806

-

VAT

10,533

2,869

Other creditors

112,301

71,127

Directors' current accounts

149,625

149,625

622,767

539,557

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

2,959,013

3,108,760

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

139,819

120,660

Amounts falling due between one and two years:

Bank loans - 1-2 years

2,959,013

129,595

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

2,979,165

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

3,098,832

3,229,420

The bank loans are secured by a first legal charge on the company's properties and a fixed and floating charge over all the assets in favour of National Westminster Bank Plc.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

813,162

544,737

Deferred

tax

£

Balance at 1 January 2025

544,737

Charge to Income Statement during year

124,674

Other comprehensive income

143,751

Balance at 31 December 2025

813,162

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

200

Ordinary

£1

200

200

13.

RESERVES

Included in retained earnings are profits of £469,422 (2024: £229,311) which are not available for distribution as they are unrealised.

14.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Emma Jones FCCA (Senior Statutory Auditor)

for and on behalf of TC Group, Statutory Auditor

15.	RELATED PARTY DISCLOSURES

During the year, the company made sales of £132,960 (2024: £138,143) to other group companies and purchases of £25,415 (2024: £14,663).

Amounts owed to other group companies totalled £182,148 (2024: £175,628).

16.	POST BALANCE SHEET EVENTS

Post year-end the company purchased an investment property for £1,075,000.

17.	ULTIMATE CONTROLLING PARTY

The controlling party is Unitech Industries Limited.

The ultimate controlling party is A M Imlah.

Unitech Industries Limited prepares group financial statements and copies can be obtained from Unitech House, Prospect Road, Burntwood, Staffordshire, WS7 0AU.