REGISTERED NUMBER: 08333991 (England and Wales)

Property 192 Limited

Unaudited Financial Statements

For The Year Ended

31st December 2025

Page

Balance Sheet

1

Notes to the Financial Statements

2

to

3

FIXED ASSETS

Tangible assets

4

239,429

193,145

CURRENT ASSETS

Stocks

1,885,219

3,236,472

Debtors

5

11,234

13,329

Cash at bank

870,461

79,236

2,766,914

3,329,037

CREDITORS

Amounts falling due within one year

6

1,727,817

2,570,006

NET CURRENT ASSETS

1,039,097

759,031

TOTAL ASSETS LESS CURRENT LIABILITIES

1,278,526

952,176

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

1,278,426

952,076

SHAREHOLDERS' FUNDS

1,278,526

952,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 7th August 2026 and were signed by:

C G Davey - Director

1.	STATUTORY INFORMATION

Property 192 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08333991

Registered office:

8 Hopper Way

Diss

Norfolk

IP22 4GT

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover from the sale of property is recognised when significant risks and rewards of ownership of the property have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on completion of the sale.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

2% on cost

Plant and machinery

-

10% straight line

Fixtures and fittings

-

10% straight line

Motor vehicles

-

33.33% straight line

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

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 or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1st January 2025

147,261

38,097

1,530

95,998

282,886

Additions

43,765

17,236

1,752

2,500

65,253

Disposals

-

-

-

(2,500

)

(2,500

)

At 31st December 2025

191,026

55,333

3,282

95,998

345,639

DEPRECIATION

At 1st January 2025

7,207

21,206

535

60,793

89,741

Charge for year

3,323

4,064

281

9,061

16,729

Eliminated on disposal

-

-

-

(260

)

(260

)

At 31st December 2025

10,530

25,270

816

69,594

106,210

NET BOOK VALUE

At 31st December 2025

180,496

30,063

2,466

26,404

239,429

At 31st December 2024

140,054

16,891

995

35,205

193,145

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by associates

5,000

-

Other debtors

6,234

13,329

11,234

13,329

Included within other debtors is £3,062 (2024 : £4,301) relating to a deferred tax asset.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

31,916

27,760

Amounts owed to associates

1,137,376

1,141,659

Taxation and social security

110,226

39,020

Other creditors

448,299

1,361,567

1,727,817

2,570,006

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1.00

100

100

8.	RELATED PARTY DISCLOSURES

The amount due to an associated company at the year end is £1,137,376 (2024 - £1,141,659), there are no set repayment terms for this loan.

At the year end the company owed the director £445,950 (2024 - £1,359,632) relating to an interest free loan included in other creditors, there are no set repayment terms for this loan.