PROPERTY PAL (ISLE OF SHEPPEY) LTD


Director	LEACOCK, Paul Allen


Registered Address	The Berries Wing Road
	Leysdown-On-Sea
	Sheerness
	ME12 4QR


Registered Number	11763146 (England and Wales)

Balance Sheet as at
31 January 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		10,500		10,500
			10,500		10,500
Current assets
Debtors		797		42
Cash at bank and on hand		1,829		947
		2,626		989
Creditors amounts falling due within one year	4	(10,329)		(10,112)
Net current assets (liabilities)			(7,703)		(9,123)
Total assets less current liabilities			2,797		1,377
Creditors amounts falling due after one year	5		(1,000)		(1,000)
Net assets			1,797		377
Capital and reserves
Called up share capital			10		10
Profit and loss account			1,787		367
Shareholders' funds			1,797		377

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 Director acknowledges 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 Director on 29 July 2026, and are signed on its behalf by:

LEACOCK, Paul Allen
Director
Registered Company No. 11763146

PROPERTY PAL (ISLE OF SHEPPEY) LTD

Notes to the Financial Statements
for the year ended 31 January 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is not provided on the freehold title held.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Total
	£	£
Cost or valuation
At 01 February 25	10,500	10,500
At 31 January 26	10,500	10,500
Net book value
At 31 January 26	10,500	10,500
At 31 January 25	10,500	10,500

4.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	50	94
Taxation and social security	333	72
Other creditors	9,346	9,346
Accrued liabilities and deferred income	600	600
Total	10,329	10,112


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Creditors: amounts due after one year

	2026	2025
	£	£
Other creditors	1,000	1,000
Total	1,000	1,000