REGISTERED NUMBER: 11914232 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

MODECE PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M D Bell

REGISTERED OFFICE:

Brambles Barn

Baylham

Ipswich

Suffolk

IP6 8JU

REGISTERED NUMBER:

11914232 (England and Wales)

ACCOUNTANTS:

Twinn Accountants Limited

Suite 4, East Barton Barns

East Barton Road

Great Barton

Bury St. Edmunds

Suffolk

IP31 2QY

FIXED ASSETS

Tangible assets

4

109

145

Investment property

5

1,489,135

1,245,561

1,489,244

1,245,706

CURRENT ASSETS

Debtors

6

11,918

4,871

Cash at bank

5,340

15,336

17,258

20,207

CREDITORS

Amounts falling due within one year

7

545,379

377,943

NET CURRENT LIABILITIES

(528,121

)

(357,736

)

TOTAL ASSETS LESS CURRENT LIABILITIES

961,123

887,970

CREDITORS

Amounts falling due after more than one year

8

(547,769

)

(524,802

)

PROVISIONS FOR LIABILITIES

(39,032

)

(39,070

)

NET ASSETS

374,322

324,098

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

10

117,005

117,005

Retained earnings

257,316

207,092

SHAREHOLDERS' FUNDS

374,322

324,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 10 August 2026 and were signed by:

Mr M D Bell - Director

1.	STATUTORY INFORMATION

Modece Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover

Income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Tools & equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property, which is property held to earn rental and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Tools &

equipment

£

COST

At 1 April 2025

and 31 March 2026

465

DEPRECIATION

At 1 April 2025

320

Charge for year

36

At 31 March 2026

356

NET BOOK VALUE

At 31 March 2026

109

At 31 March 2025

145

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,245,561

Additions

243,574

At 31 March 2026

1,489,135

NET BOOK VALUE

At 31 March 2026

1,489,135

At 31 March 2025

1,245,561

Fair value at 31 March 2026 is represented by:

£

Valuation in 2021

106,007

Valuation in 2022

50,000

Cost

1,333,128

1,489,135

If the investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

1,333,128

1,089,554

Investment property was valued on an open market value basis on 31 March 2026 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

9,758

3,095

Prepayments

2,160

1,776

11,918

4,871

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

32,825

31,719

Corporation tax

12,286

9,443

Other creditors

17,195

14,088

Director's current account

460,541

298,062

Accruals and deferred income

22,532

24,631

545,379

377,943

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

34,204

32,825

Bank loans - 2-5 years

110,312

106,382

Bank loans more than 5 years

134,014

172,148

Amounts owed to group undertakings

269,239

213,447

547,769

524,802

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

134,014

172,148

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

311,355

343,074

The bank loan is secured on the investment property.

10.

RESERVES

Fair

value

reserve

£

At 1 April 2025

and 31 March 2026

117,005

11.	RELATED PARTY DISCLOSURES

Modece Architects Ltd

A company in which Mr M D Bell is a director

2026

2025

£

£

Amount due to related party at the balance sheet date

269,239

213,447