Company registration number 00607883 (England and Wales)
Neston Properties Limited
Annual report and unaudited financial statements
For the year ended 31 March 2026
Neston Properties Limited
Company Information
Directors
Mrs M E Hoffner
Mrs E M A Harvey
Company number
00607883
Registered office
Accountants
DJH Wirral and Chester Limited
Chester House
Lloyd Drive
Cheshire Oaks Business Park
Ellesmere Port
England
CH65 9HQ
Neston Properties Limited
Contents
Page
Directors' report
1 - 3
Accountants' report
4
Statement of financial position
6 - 7
Statement of changes in equity
5
Notes to the financial statements
8 - 11
Neston Properties Limited
Directors' Report
For the year ended 31 March 2026
- 1 -

The directors present their report with the financial statements of the company for the year ended 31 March 2026.

Principal activities

The principal activity of the company continued to be that of buying and selling of own real estate.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mrs M E Hoffner
Mrs E M A Harvey
Neston Properties Limited
Directors' Report (continued)
For the year ended 31 March 2026
- 2 -
Review of Business

The Directors wish to report to shareholders on the standing of the Company over its past financial year. There have been no sales or acquisitions during the period.

Referring to the year’s accounts, the gross rents are £96,604, showing an increase from £82,730 in 2025. The cost of sales is £56,971 an increase from £47,069 in 2025 but is similar to 2024’s costs of £55,697.

The increased rental income has resulted from re-lettings at the higher market rents, notably at number 10 Salacre Terrace with the end of the regulated tenancy and the previously refurbished houses were re-let without a long void period.

Repairs, £41,610 the figure is adjusted reflecting the repairs accrual in 2024/25 accounts and this figure includes the remaining costs for 8 and 10 Salacre Terrace and garden that were completed at the start of the financial year along with a new boiler at 5 Salacre Terrace. Damp works were completed at 11 Salacre Terrace at the end of the financial year, although the contractor did not request payment until end April 2026.

Debtors in 2026 are significantly lower at £16,537, compared to £48,211in 2025; current debtors comprise £14,427 held by the managing agents for both, approved and scheduled work not completed before the year end and a float for emergency works, along with arrears of £1,725. The majority of the arrears resulting from the timing of the year end and the tenants’ payment date falling after their rent due date and the year end cut off.

In 2026 Creditors have reduced to £21,548 compared to £40,020 in 2025 and comprise corporation tax and Director’s renumeration, accountancy fees and the provision for the remaining contractor costs.

Maintenance and repair works are still required to meet the current and upcoming government legislation around improved safety and environmental issues, such as electrical testing and insulation including double glazing. The current cycle of electrical test remedial works is underway with most of the properties falling due in 2026, some of these expenses will fall into the 2026/27 financial year.

Core Property Management and Consultancy has continued to manage the portfolio since they took over in March 2022.

Accountancy regulation FRS102 was introduced in 2017 requiring property investment companies to include their properties at fair value and the company’s tax implications on selling the properties in their accounts. The Directors have provided their view of fair value and submit £1,2 70,000 as the present portfolio valuation.

The estimated corporation tax liability is £5,068 (notes 7) this is calculated at the lower rate of 19% as profits were under £50,000.

Directors propose increasing Directors fees to £4,000 (including tax) each from £3,500 (including tax) each.

The Directors will propose a dividend of £40,000 at the forthcoming Annual General Meeting.

The Directors present their report with the financial statements of the company for the year ended 31 March 2026.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

Neston Properties Limited
Directors' Report (continued)
For the year ended 31 March 2026
- 3 -
On behalf of the board
Mrs M E Hoffner
Director
12 August 2026
Neston Properties Limited
Accountants' report to the board of directors on the preparation of the unaudited statutory Financial Statements of Neston Properties Limited for the year ended 31 March 2026
- 4 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Neston Properties Limited for the year ended 31 March 2026 which comprise, the statement of financial position, the statement of changes in equity and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Neston Properties Limited, as a body, in accordance with the terms of the engagement letter . Our work has been undertaken solely to prepare for your approval the financial statements of Neston Properties Limited and state those matters that we have agreed to state to the b oard of d irectors of Neston Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Neston Properties Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Neston Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Neston Properties Limited. You consider that Neston Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Neston Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

DJH Wirral and Chester Limited
Accountants
Chester House
Lloyd Drive
Cheshire Oaks Business Park
Ellesmere Port
CH65 9HQ
England
12 August 2026
Neston Properties Limited
Statement of Changes in Equity
For the year ended 31 March 2026
- 5 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 April 2024
96
1,041,983
132,061
1,174,140
Year ended 31 March 2025:
Loss and total comprehensive income
-
-
(92,372)
(92,372)
Dividends
-
-
(24,000)
(24,000)
Transfers
-
-
0
113,325
113,325
Other movements
-
(113,325)
-
(113,325)
Balance at 31 March 2025
96
928,658
129,014
1,057,768
Year ended 31 March 2026:
Profit and total comprehensive income
-
-
21,608
21,608
Dividends
-
-
(12,000)
(12,000)
Balance at 31 March 2026
96
928,658
138,622
1,067,376
Neston Properties Limited
Statement Of Financial Position
As at 31 March 2026
- 6 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
5
1,270,000
1,270,000
Current assets
Debtors
6
16,537
48,211
Cash at bank and in hand
56,867
34,217
73,404
82,428
Creditors: amounts falling due within one year
7
(21,378)
(40,010)
Net current assets
52,026
42,418
Total assets less current liabilities
1,322,026
1,312,418
Provisions for liabilities
(254,650)
(254,650)
Net assets
1,067,376
1,057,768
Capital and reserves
Called up share capital
96
96
Revaluation reserve
8
928,658
928,658
Profit and loss reserves
9
138,622
129,014
Total equity
1,067,376
1,057,768
Neston Properties Limited
Statement Of Financial Position (continued)
As at 31 March 2026
- 7 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 August 2026 and are signed on its behalf by:
Mrs M E Hoffner
Director
Company registration number 00607883 (England and Wales)
Neston Properties Limited
Notes to the financial statements
For the year ended 31 March 2026
- 8 -
1
Accounting policies
Company information

Neston Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is .

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue represents rents received.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Investment properties are revalued annually. Surpluses or deficits on individual properties are transferred to profit and loss account in line with FRS 102 and the fair value provisions of Companies Act 2006.

Freehold land and buildings
No depreciation
1.4
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

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

Neston Properties Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
- 9 -
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.

2
Judgements and key sources of estimation uncertainty

As described in note 5 to the financial statements, the company's investment properties are measured at fair value. The valuation was carried out by the directors of the company who have experience in the location and category of the property being revalued.

The directors have considered all necessary factors when estimating the fair value of the investment properties taking into consideration movements upwards and downwards in market prices of similar properties as well as considering the impact of condition to the valuation of the properties

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
2
2
4
Taxation
2026
2025
£
£
Current tax
UK corporation tax on profits for the current period
5,068
4,922
Deferred tax
Origination and reversal of timing differences
-
0
(36,675)
Total tax charge/(credit)
5,068
(31,753)
Neston Properties Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
- 10 -
5
Tangible fixed assets
Land and buildings
£
Cost or valuation
At 1 April 2025 and 31 March 2026
1,270,000
Depreciation and impairment
At 1 April 2025 and 31 March 2026
-
0
Carrying amount
At 31 March 2026
1,270,000
At 31 March 2025
1,270,000

Cost or valuation at 31st March 202 6 is represented by:

Freehold property £

Valuation in 2020 783,308

Valuation in 202 1 440,000

Valuation in 202 4 110,000

Valuation in 202 5 (150,000)

Cost 86,692

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2026
2025
£
£
Cost
86,692
86,692
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
16,537
48,211
Neston Properties Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
- 11 -
7
Creditors: amounts falling due within one year
2026
2025
£
£
Corporation tax
5,068
4,922
Other creditors
16,310
35,088
21,378
40,010
8
Revaluation reserve
2026
2025
£
£
At the beginning of the year
928,658
1,041,983
Other movements
-
(113,325)
At the end of the year
928,658
928,658
9
Profit and loss reserves
2026
2025
£
£
At the beginning of the year
129,014
132,061
Profit/(loss) for the year
21,608
(92,372)
Dividends declared and paid in the year
(12,000)
(24,000)
Transfer to reserves
-
0
113,325
At the end of the year
138,622
129,014
2026-03-31 2025-04-01 false false false 12 August 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mrs M E Hoffner Mrs E M A Harvey 00607883 2025-04-01 2026-03-31 00607883 bus:Director1 2025-04-01 2026-03-31 00607883 bus:Director2 2025-04-01 2026-03-31 00607883 2026-03-31 00607883 core:ShareCapital 2024-03-31 00607883 core:RevaluationReserve 2024-03-31 00607883 core:RetainedEarningsAccumulatedLosses 2024-03-31 00607883 core:ShareCapital 2025-03-31 00607883 core:RevaluationReserve 2025-03-31 00607883 core:RetainedEarningsAccumulatedLosses 2025-03-31 00607883 2025-03-31 00607883 core:ShareCapital 2026-03-31 00607883 core:RevaluationReserve 2026-03-31 00607883 core:RetainedEarningsAccumulatedLosses 2026-03-31 00607883 core:RevaluationReserve 2025-03-31 00607883 core:RetainedEarningsAccumulatedLosses 2025-03-31 00607883 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 00607883 2024-04-01 2025-03-31 00607883 core:RetainedEarningsAccumulatedLosses 2025-04-01 2026-03-31 00607883 core:RevaluationReserve 2024-04-01 2025-03-31 00607883 core:OtherReservesSubtotal 2024-04-01 2025-03-31 00607883 core:LandBuildings 2026-03-31 00607883 core:LandBuildings 2025-03-31 00607883 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 00607883 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 00607883 core:LandBuildings core:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 00607883 core:UKTax 2025-04-01 2026-03-31 00607883 core:UKTax 2024-04-01 2025-03-31 00607883 core:LandBuildings 2025-03-31 00607883 core:CurrentFinancialInstruments 2026-03-31 00607883 core:CurrentFinancialInstruments 2025-03-31 00607883 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 00607883 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 00607883 bus:FRS102 2025-04-01 2026-03-31 00607883 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 00607883 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP