SRC PROPERTY LTD - Accounts

SRC PROPERTY LTD
Director's Report
For the year ended 30 April 2026

Director's report and financial statements

The director presents his/her/their annual report and the financial statements for the year ended 30 April 2026

Director

The director who served the company throughout the year was as follows:

Samuel Rhys CURRAN

Statement of director's responsibilities

The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the director is required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.

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Samuel Rhys CURRAN
Director

Date approved: 23 July 2026

SRC PROPERTY LTD
Profit and Loss Account
For the year ended 30 April 2026

	2026 £	2025 £
Turnover	14,275	8,029
Cost of sales	(880)	(1,859)
Gross profit	13,395	6,170
Administrative expenses	(12,018)	(6,895)
Other operating expenses	(5,508)	(4,454)
Operating loss	(4,131)	(5,179)
Interest payable and similar charges	(11,236)	(5,052)
Profit/(Loss) on ordinary activities before taxation	(15,367)	(10,231)
Tax on profit on ordinary activities	6,938	-
Profit/(Loss) for the financial year	(8,429)	(10,231)

Registered Number: 13343304 SRC PROPERTY LTD
Balance Sheet
As at 30 April 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	422,851	305,663
		422,851	305,663
Current assets
Debtors	4	6,938	-
Cash at bank and in hand		427	400
		7,365	400
Creditors: amount falling due within one year	5	(178,854)	(129,246)
Net current assets		(171,489)	(128,846)

Total assets less current liabilities		251,362	176,817
Creditors: amount falling due after more than one year	6	(281,250)	(198,750)
Accruals and deferred income		(474)	-
Net assets		(30,362)	(21,933)

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		(30,363)	(21,934)
Shareholders' funds		(30,362)	(21,933)

For the year ended 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 23 July 2026 and were signed by:

-------------------------------
Samuel Rhys CURRAN
Director

SRC PROPERTY LTD
Notes to the Financial Statements
For the year ended 30 April 2026

General Information

SRC PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 13343304, registration address 112 DUNDEE CLOSE, WARRINGTON CHESHIRE, WA2 0UL.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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 years 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 taxation

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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

20% Straight Line

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 profit and loss account.

2.	Average number of employees Average number of employees during the year was 1 (2025 : 1).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Investment properties	Total
	£	£	£
At 01 May 2025	979	304,880	305,859
Additions	-	117,384	117,384
Disposals	-	-	-
At 30 April 2026	979	422,264	423,243
Depreciation
At 01 May 2025	196	-	196
Charge for year	196	-	196
On disposals	-	-	-
At 30 April 2026	392	-	392
Net book values
Closing balance as at 30 April 2026	587	422,264	422,851
Opening balance as at 01 May 2025	783	304,880	305,663

Investment Properties - Fair Value		2026 £		2025 £
As at 1 May 2025 and 30 April 2026		422,264		304,880

Debtors: amounts falling due within one year

	2026 £		2025 £
Deferred tax assets	6,938		-
	6,938		-

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	-	-
Credit Card	975	-
Directors' Current Accounts	177,879	129,246
	178,854	129,246

Creditors: amount falling due after more than one year

	2026 £		2025 £
Mortgage on properties	281,250		198,750
	281,250		198,750

Share Capital

Allotted, called up and fully paid	2026 £		2025 £
1 Class A share of £1.00 each	1		1
	1		1

Registered Number: 13343304
England and Wales
SRC PROPERTY LTD

Unaudited Financial Statements

Period of accounts Start date: 01 May 2025 End date: 30 April 2026