| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 |
| FOR |
| SIXTH PROPERTY CO. LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 |
| FOR |
| SIXTH PROPERTY CO. LIMITED |
| SIXTH PROPERTY CO. LIMITED (REGISTERED NUMBER: 02835526) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| SIXTH PROPERTY CO. LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Park House |
| 200 Drake Street |
| Rochdale |
| Lancashire |
| OL16 1PJ |
| SIXTH PROPERTY CO. LIMITED (REGISTERED NUMBER: 02835526) |
| BALANCE SHEET |
| 31 DECEMBER 2025 |
| 2025 | 2024 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment properties | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium | 9 |
| Fair value reserve | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| SIXTH PROPERTY CO. LIMITED (REGISTERED NUMBER: 02835526) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| SIXTH PROPERTY CO. LIMITED (REGISTERED NUMBER: 02835526) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| 1. | STATUTORY INFORMATION |
| Sixth Property Co. Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net rental income, excluding value added tax. |
| Tangible fixed assets |
| Furniture, Fixtures & Fittings | - |
| Investment properties |
| The investment properties relate to properties held to earn rentals and for capital appreciation. The properties are initially measured at cost, including transaction costs.The properties are subsequently measured at fair value. |
| The investment property valuations are based on an open market value and carried out by the directors on a regular basis. Deferred tax and costs to realise property values are provided, where appropriate. |
| 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. |
| SIXTH PROPERTY CO. LIMITED (REGISTERED NUMBER: 02835526) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Investments |
| Fixed asset investments are included at cost unless there is reasonable certainty that a reliable valuation can be made and fair value can be established. |
| Investments in unlisted shares have always been valued at cost due to the unreliability in establishing fair value which is in accordance with FRS 102 and UK GAAP. |
| However, the directors have recently embarked on a policy of selling properties as they become vacant, which has established reliable fair value to figures which can support the valuations used for revalued properties. |
| This in turn has affected share values of the unlisted investments that have been acquired. The directors are therefore reasonably certain that the value of shares held in connected property companies can be revalued and as such have revalued these investments to fair value. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Furniture, |
| Fixtures |
| & Fittings |
| £ |
| COST |
| At 1 January 2025 |
| and 31 December 2025 |
| DEPRECIATION |
| At 1 January 2025 |
| Charge for year |
| At 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST OR VALUATION |
| At 1 January 2025 |
| Additions |
| Revaluations |
| At 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| SIXTH PROPERTY CO. LIMITED (REGISTERED NUMBER: 02835526) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| Cost or valuation at 31 December 2025 is represented by: |
| Other |
| investments |
| £ |
| Valuation in 2025 | 1,596,672 |
| Cost | 1,996,873 |
| 3,593,545 |
| The company owns share capital in the following property management companies at cost:- |
| 2025 | 2024 |
| £ | £ |
| North Manchester Properties Limited | (123900 £1 ordinary shares) | 293,127 | 293,127 |
| Third Property Company Limited | (189,378 £1 ordinary shares) | 439,113 | 425,523 |
| Fourth Property Company Limited | (263,600 £1 ordinary shares) | 609,300 | 466,845 |
| Fifth Property Company Limited | (269,200 £1 ordinary shares) | 655,333 | 384,002 |
| 1,996,873 | 1,569,497 |
| The investment level in Third and Fourth Property Company Ltd is sufficient to make them associated companies. |
| 6. | INVESTMENT PROPERTIES |
| Total |
| £ |
| FAIR VALUE |
| At 1 January 2025 |
| Disposals | ( |
) |
| Revaluations | 198,000 |
| At 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| If the properties had not been revalued they would have been included at historical cost of £1,459,991. |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| as restated |
| £ | £ |
| Trade debtors |
| Third Property Company Limited |
| Interest bearing loan | 280,000 | 280,000 |
| Prepayments |
| SIXTH PROPERTY CO. LIMITED (REGISTERED NUMBER: 02835526) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| as restated |
| £ | £ |
| Tax |
| Social security and other taxes |
| Third Property Co Limited | 38,683 | 31,791 |
| Accrued expenses |
| 9. | RESERVES |
| Fair |
| Retained | Share | value |
| earnings | premium | reserve | Totals |
| £ | £ | £ | £ |
| At 1 January 2025 | 5,807,089 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Profit and loss reserve transfer | 176,028 | - | 73,608 | 249,636 |
| transfer to fair value reserve | (249,636 | ) | - | - | (249,636 | ) |
| At 31 December 2025 | 6,238,970 |