REGISTERED NUMBER: NI009297 (Northern Ireland)

P.Y.S. PROPERTY LIMITED

Unaudited Financial Statements

for the Year Ended 30 November 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

Noel Young

Registered office:

65 Hall Street

Maghera

Co. Londonderry

BT46 5DA

Registered number:

NI009297 (Northern Ireland)

Accountants:

Cooper Parry Advisory Limited

Unit 7, Dyehouse

Linen Green

Dungannon

BT71 7HB

Fixed assets

Tangible assets

5

9,133

14,477

Investments

6

500,000

500,000

Investment property

7

1,555,100

1,795,000

2,064,233

2,309,477

Current assets

Stocks

10,300

10,300

Debtors: amounts falling due within one year

8

601,399

461,283

Cash at bank

554,546

122,672

1,166,245

594,255

Creditors

Amounts falling due within one year

9

387,346

113,637

Net current assets

778,899

480,618

Total assets less current liabilities

2,843,132

2,790,095

Creditors

Amounts falling due after more than one year

10

(736,915

)

(882,768

)

Provisions for liabilities

(1,746

)

(3,082

)

Net assets

2,104,471

1,904,245

Capital and reserves

Called up share capital

11

20,000

20,000

Capital redemption reserve

30,000

30,000

Retained earnings

2,054,471

1,854,245

Shareholders' funds

2,104,471

1,904,245

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 November 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2026 and were signed by:

Noel Young - Director

1.	Statutory information

P.y.s. Property Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies. No critical judgements or critical accounting estimates have been applied to these financial statements.

The following principal accounting policies have been applied consistently throughout the year:

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction;

- the costs incurred or to be incurred in respect of the transaction can be measured reliably; and

- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the costs incurred and the costs to complete the contract can be measured reliably, and

- the stage of completion of the contract at the end of the reporting period can be measured reliably.

Property, plant and equipment

Property, plant and equipment under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. The company adds to the carrying amount of an item of property, plant and equipment, the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery - 25% reducing balance

Motor vehicles - 25% reducing balance

Fixtures and fittings - 20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

Investment property

Investment property is carried at fair value and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

Inventories

Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the Statement of income and retained earnings in the year that the company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from proceeds.

4.	Employees and directors

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

5.	Tangible fixed assets

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 December 2024

60,819

21,337

68,758

150,914

Disposals

-

-

(13,450

)

(13,450

)

At 30 November 2025

60,819

21,337

55,308

137,464

Depreciation

At 1 December 2024

54,876

19,920

61,641

136,437

Charge for year

1,486

283

1,181

2,950

Eliminated on disposal

-

-

(11,056

)

(11,056

)

At 30 November 2025

56,362

20,203

51,766

128,331

Net book value

At 30 November 2025

4,457

1,134

3,542

9,133

At 30 November 2024

5,943

1,417

7,117

14,477

6.	Fixed asset investments

Unlisted

investments

£

Cost

At 1 December 2024

and 30 November 2025

500,000

Net book value

At 30 November 2025

500,000

At 30 November 2024

500,000

7.	Investment property

Total

£

Fair value

At 1 December 2024

1,795,000

Disposals

(239,900

)

At 30 November 2025

1,555,100

Net book value

At 30 November 2025

1,555,100

At 30 November 2024

1,795,000

During the year the directors valued the investment properties to market value.

8.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade receivables

28,943

34,553

Amounts owed by group undertakings

552,328

401,913

Other receivables

20,128

24,817

601,399

461,283

Amounts owed by group undertakings are unsecured, interest free and recoverable on demand.

9.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

3,930

7,665

Trade creditors

9,061

16,534

Taxation and social security

64,527

9,313

Other creditors

309,828

80,125

387,346

113,637

10.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

736,915

882,768

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

20,000

Ordinary A

1

20,000

20,000

1,216

Ordinary B

1

-

-

20,000

20,000

12.	Related party transactions

The company has taken advantage of the exemption within FRS 102 paragraph 33.1A, not to disclose transactions as it is a wholly owned subsidiary.

13.	Ultimate controlling party

Noel Young is the ultimate controlling party by virtue of his shareholding in the company.