Procter Property Portfolio Services Ltd


Directors	A J Procter
	N J Procter
	R G Procter
	T J Procter
	W A Procter


Registered Address	C/O S&W Partners (Manchester) Limited, Pall Mall
	1 Pollen Square, 59 King Street
	Manchester
	M2 4PD


Registered Number	13279250 (England and Wales)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		52,266		44,147
Investment property	4		1,950,000		1,950,000
			2,002,266		1,994,147
Current assets
Stocks	5	2,880		3,155
Debtors	6	3,907		1,000
Cash at bank and on hand		4,784		1,445
		11,571		5,600
Creditors amounts falling due within one year	7	(1,864,628)		(1,889,020)
Net current assets (liabilities)			(1,853,057)		(1,883,420)
Total assets less current liabilities			149,209		110,727
Provisions for liabilities	8		(25,070)		(25,070)
Net assets			124,139		85,657
Capital and reserves
Called up share capital			100		100
Revaluation reserve			75,213		75,213
Profit and loss account			48,826		10,344
Shareholders' funds			124,139		85,657

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 13 June 2026, and are signed on its behalf by:

A J Procter
Director
Registered Company No. 13279250

Procter Property Portfolio Services Ltd

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	Turnover represents rentals receivable net of any discounts.

	Current taxation
	Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows: Land and buildings - Not depreciated Plant and machinery - 5 years straight line

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings - Not depreciated
Plant and machinery - 5 years straight line

	Investment property
	Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The fair value is determined annually by the directors, on an open market value for existing use basis.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable 
expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. 

The fair value is determined annually by the directors, on an open market value for existing use basis.

	Stocks and work in progress
	Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	5		5

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Total
	£	£	£
Cost or valuation
At 01 April 25	44,147	-	44,147
Additions	7,643	529	8,172
At 31 March 26	51,790	529	52,319
Depreciation and impairment
Charge for year	-	53	53
At 31 March 26	-	53	53
Net book value
At 31 March 26	51,790	476	52,266
At 31 March 25	44,147	-	44,147

4.	Investment property


		£
	Fair value at 01 April 25	1,950,000
	At 31 March 26	1,950,000

5.	Stocks

	2026	2025
	£	£
Other stocks	2,880	3,155
Total	2,880	3,155

6.	Debtors: amounts due within one year

	2026	2025
	£	£
Other debtors	3,907	1,000
Total	3,907	1,000

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Taxation and social security	9,243	7,198
Other creditors	1,852,885	1,879,622
Accrued liabilities and deferred income	2,500	2,200
Total	1,864,628	1,889,020

8.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	25,070	25,070
Total	25,070	25,070

9.	Share capital
	Allotted, called‑up and fully paid in both 2026 and 2025: 70 ordinary shares of £1 each 10 ordinary A shares of £1 each 10 ordinary B shares of £1 each 10 ordinary D shares of £1 each The total called‑up share capital amounts to £100.