ACCOUNTS - Final Accounts preparation

Company registration number: 11854825

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2025

	1B PROPERTY LIMITED


1B PROPERTY LIMITED

COMPANY INFORMATION

Director	B Asadi


Registered number	11854825


Registered office	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Origin One
	108 High Street
	Crawley
	RH10 1BD


1B PROPERTY LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 6


1B PROPERTY LIMITED REGISTERED NUMBER:11854825

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		2		2
Investment property	5		700,000		700,000
			700,002		700,002
Current assets
Debtors: amounts falling due within one year	6	4,536,314		2,450,759
Cash at bank and in hand		25,886		51,946
		4,562,200		2,502,705
Creditors: amounts falling due within one year	7	(128,560)		(35,005)
Net current assets			4,433,640		2,467,700
Total assets less current liabilities			5,133,642		3,167,702
Provisions for liabilities
Deferred tax		(6,236)		(6,235)
			(6,236)		(6,235)
Net assets			5,127,406		3,161,467

Page 1


1B PROPERTY LIMITED REGISTERED NUMBER:11854825

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

		2025		2024
		£		£

Capital and reserves
Allotted, called up and fully paid share capital	1	1
Profit and loss account	5,127,405	3,161,466
	5,127,406	3,161,467

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

B Asadi

Director

Date: 7 August 2026

The notes on pages 3 to 6 form part of these financial statements.

Page 2


1B PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

1B Property Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is derived from rent receivable from investment properties and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.

2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.4

Investment property

Investment property is carried at fair value determined annually by the director 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. Changes in fair value are recognised in profit or loss.

2.5

Valuation of investments

Investments in subsidiaries are recognised at cost.

Page 3


1B PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including the director, during the year was 1 (2024 - 1).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2025	2
	At 31 December 2025	2

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 January 2025	700,000
	At 31 December 2025	700,000

Investment property was valued on open market basis on 31 December 2025 by the director.

Page 4


1B PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	4,547	2,500
Amounts owed by group undertakings	994,984	840,992
Other debtors	3,535,128	1,607,267
Prepayments and accrued income	1,655	-
	4,536,314	2,450,759

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to group undertakings	86,471	-
Corporation tax	15,000	12,974
Other creditors	19,284	18,401
Accruals and deferred income	7,805	3,630
	128,560	35,005

8.	Directors transactions
	Included within other debtors (2024: other creditors) are the following transactions with the director.

		2025	2024
		£	£

Balance outstanding at start of year	(6,637)	(198,501)
Amounts advanced	292,763	(104,433)
Amounts repaid	-	296,297
Interest	5,365	-
Balance outstanding at end of year	291,491	(6,637)

Interest is being charged on the loan at 3.75%. The loan is repayable on demand.

Page 5


1B PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

9.	Related party transactions

At the year end amounts were owed from companies under common control of the director. The total balance owed from these companies as shown within other debtors is £3,243,374 (2024 - £1,607,267). Included in other creditors is a balance of £19,284 (2024 - £11,763) owed to a company under common control of the director. No interest was charged on these balances and they are deemed repayable on demand.

Included in other debtors is a balance of £263 owed by the directors sister, which represents unpaid interest on previous loans given by the company at 3.75%, this amount is repayable on demand.members have not required the company to obtain an audit

Page 6