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Registered number: 02345826
Padiham Property Company Limited
Financial Statements
For The Year Ended 31 March 2026
Padiham & Burnley Accountancy Services Ltd
Room & Power, Town Hall
Burnley Road
Padiham
Lancashire
BB12 8BS
Padiham Property Company Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Padiham Property Company Limited
Balance Sheet
As At 31 March 2026
Balance Sheet
Registered number: 02345826

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 5 |  | 250,000 |  | 250,000
|  |  | 250,000 |  | 250,000
CURRENT ASSETS
Debtors | 6 | 146 |  | 196 |
Cash at bank and in hand |  | 248,244 |  | 329,689 |
|  | 248,390 |  | 329,885 |
Creditors: Amounts Falling Due Within One Year | 7 | (9,577 ) |  | (5,038 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 238,813 |  | 324,847
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 488,813 |  | 574,847
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (446,416 ) |  | (543,166 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (29,069 ) |  | (29,069 )
NET ASSETS |  |  | 13,328 |  | 2,612
CAPITAL AND RESERVES
Called up share capital | 9 |  | 1,000 |  | 1,000
Fair value reserve | 10 |  | 181,274 |  | 181,274
Profit and Loss Account |  |  | (168,946 ) |  | (179,662 )
SHAREHOLDERS' FUNDS |  |  | 13,328 |  | 2,612

Page 1
Page 2
Padiham Property Company Limited
Balance Sheet (continued)
As At 31 March 2026
For the year ending 31 March 2026 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mrs Patricia Yates Director
19 June 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Padiham Property Company Limited
Notes to the Financial Statements
For The Year Ended 31 March 2026
Notes to the Financial Statements
1. General Information
Padiham Property Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02345826 . The registered office is 3 Kirkstall Avenue, Simonstone, Burnley, BB12 7PZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the rental of property.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 25% straight line
Fixtures & Fittings | 25% straight line

2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the fair value reserve.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in equity, in which case, the current and deferred tax is also recognised directly in equity.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2025: 4)
4 4
Page 3
Page 4
Padiham Property Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
4. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2025 | 13,875 | 11,235 | 25,110
Disposals | (13,875 ) | (11,235 ) | (25,110 )
As at 31 March 2026 | - | - | -
Depreciation
As at 1 April 2025 | 13,875 | 11,235 | 25,110
Disposals | (13,875 ) | (11,235 ) | (25,110 )
As at 31 March 2026 | - | - | -
Net Book Value
As at 31 March 2026 | - | - | -
As at 1 April 2025 | - | - | -

The investment properties are stated at director's valuation. There has not been a professional valuation.
5. Investment Property

| 2026
--- | ---
| £
Fair Value
As at 1 April 2025 and 31 March 2026 | 250,000

6. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 146 |  | 196

7. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 210 |  | 195
Corporation tax | 2,553 |  | 533
Other taxes and social security | 852 |  | 1,598
VAT | 1,548 |  | 1,098
Accruals and deferred income | 4,272 |  | 1,580
Directors' loan accounts | 142 |  | 34
| 9,577 |  | 5,038

8. Creditors: Amounts Falling Due After More Than One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Amounts owed to group undertakings | 446,416 |  | 543,166

Page 4
Page 5
Padiham Property Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
9. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,000 |  | 1,000

10. Reserves

| Fair value reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 April 2025 | 181,274 | (179,662 )
Profit for the year and total comprehensive income | - | 10,716
As at 31 March 2026 | 181,274 | (168,946 )

Page 5