REGISTERED NUMBER: 13279496 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

1ST PLACE PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr David Gerard Waterhouse

Mrs Joanne Louise Waterhouse

REGISTERED OFFICE:

6 Shaw Lane

Leeds

LS6 4DU

REGISTERED NUMBER:

13279496 (England and Wales)

ACCOUNTANTS:

Syers McGill

9 Kerry Street

Horsforth

Leeds

West Yorkshire

LS18 4AW

FIXED ASSETS

Investment property

4

2,635,789

116,022

CURRENT ASSETS

Debtors

5

32,139

21,772

Cash at bank

33,096

47,488

65,235

69,260

CREDITORS

Amounts falling due within one year

6

33,082

7,877

NET CURRENT ASSETS

32,153

61,383

TOTAL ASSETS LESS CURRENT LIABILITIES

2,667,942

177,405

CREDITORS

Amounts falling due after more than one year

7

(1,827,928

)

(154,550

)

PROVISIONS FOR LIABILITIES

9

(26,876

)

-

NET ASSETS

813,138

22,855

CAPITAL AND RESERVES

Called up share capital

10

100

2

Share premium

11

731,524

-

Retained earnings

11

81,514

22,853

SHAREHOLDERS' FUNDS

813,138

22,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 28 June 2026 and were signed on its behalf by:

Mr David Gerard Waterhouse - Director

1.	STATUTORY INFORMATION

1st Place Properties 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

116,022

Additions

2,412,263

Revaluations

107,504

At 30 September 2025

2,635,789

NET BOOK VALUE

At 30 September 2025

2,635,789

At 30 September 2024

116,022

Fair value at 30 September 2025 is represented by:

£

Valuation in 2025

107,504

Cost

2,528,285

2,635,789

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Directors' current accounts

9,859

16,591

Prepayments and accrued income

22,280

5,181

32,139

21,772

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Tax

7,092

3,892

Other creditors

22,990

2,785

Accrued expenses

3,000

1,200

33,082

7,877

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Mortgage

1,827,928

154,550

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgage

1,827,928

154,550

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Mortgage

1,827,928

154,550

The loans are secured against the properties held within the company.

9.	PROVISIONS FOR LIABILITIES

30.9.25

30.9.24

£

£

Deferred tax

26,876

-

Deferred

tax

£

Charge to the income statement

26,876

during year

Balance at 30 September 2025

26,876

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

100

Ordinary

£1

100

2

98 Ordinary shares of £1 each were allotted as fully paid at a premium of 24539.82 per share during the year.

11.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 October 2024

22,853

-

22,853

Profit for the year

110,661

110,661

Dividends

(52,000

)

(52,000

)

Cash share issue

-

731,524

731,524

At 30 September 2025

81,514

731,524

813,038

12.	RELATED PARTY DISCLOSURES

Mr D G Waterhouse and Mrs J L Waterhouse are directors of the company.

At 30 September 2025, the directors owed the company £9,859 (2024: £16,591). No interest was charged and the amount was repaid within 9 months of the year end.

13.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its directors.