ACCOUNTS - Final Accounts preparation

Registered number: 16459163

SEXTON PITT PROPERTY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2026

SEXTON PITT PROPERTY LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SEXTON PITT PROPERTY LIMITED
FOR THE PERIOD ENDED 31 MAY 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sexton Pitt Property Limited for the period ended 31 May 2026 which comprise the Balance sheet 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 Board of directors of Sexton Pitt Property Limited, as a body, in accordance with the terms of our engagement letter dated 22 May 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Sexton Pitt Property Limited and state those matters that we have agreed to state to the Board of directors of Sexton Pitt Property Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sexton Pitt Property Limited and its Board of directors, as a body, for our work or for this report.

It is your duty to ensure that Sexton Pitt Property 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 loss of Sexton Pitt Property Limited. You consider that Sexton Pitt Property Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Sexton Pitt Property 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 financial statements.

MA Partners LLP

Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ

27 July 2026

Page 1

SEXTON PITT PROPERTY LIMITED

REGISTERED NUMBER: 16459163

BALANCE SHEET

AS AT 31 MAY 2026

		2026
Note		£

Fixed assets
Tangible assets	4		9,667
Investment property	5		275,533
			285,200
Current assets
Debtors: amounts falling due within one year	6	4,861
Cash at bank and in hand		3,515
		8,376
Creditors: amounts falling due within one year	7	(5,012)
Net current assets			3,364
Total assets less current liabilities			288,564
Creditors: amounts falling due after more than one year	8		(290,000)

Net deficit			(1,436)

Capital and reserves
Called up share capital	9	5,000
Profit and loss account		(6,436)
		(1,436)

The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

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.

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

The Company has opted not to file the profit and loss account 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 on 27 July 2026.

Page 2

SEXTON PITT PROPERTY LIMITED

REGISTERED NUMBER: 16459163

BALANCE SHEET (CONTINUED)

AS AT 31 MAY 2026

C A Sexton

Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

SEXTON PITT PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2026

1.	General information

The Company is a private company limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is 7 The Close, Norwich, NR1 4DJ.

The Company was incorporated on 19 May 2025 and commenced trading in May 2026. The principal activity of the Company is the rental of investment property. The principal place of business is Norwich, Norfolk.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue 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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

SEXTON PITT PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2026

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings

20%

straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 2.

Page 5

SEXTON PITT PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2026

4.	Tangible fixed assets

		Fixtures and fittings
		£
	Cost or valuation
	Additions	10,000
	At 31 May 2026	10,000
	Depreciation
	Charge for the period on owned assets	333
	At 31 May 2026	333
	Net book value
	At 31 May 2026	9,667

5.	Investment property

		Freehold investment property
		£
	Valuation
	Additions at cost	275,533
	At 31 May 2026	275,533

The 2026 valuations were made by the directors, on an open market value basis.

Page 6

SEXTON PITT PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2026

Debtors

					2026
					£


	Trade debtors	1,083
	Prepayments and accrued income	3,778
		4,861

7.	Creditors: Amounts falling due within one year
		2026
		£

	Trade creditors	3,014
	Accruals and deferred income	1,998
		5,012

8.	Creditors: Amounts falling due after more than one year
		2026
		£

	Other creditors	290,000
		290,000

9.	Share capital
		2026
		£

		Allotted, called up and fully paid

		1,500 A ordinary shares of £1.00 each	1,500
		1,500 B ordinary shares of £1.00 each	1,500
		1,000 C ordinary shares of £1.00 each	1,000
		1,000 D ordinary shares of £1.00 each	1,000

			5,000

During the period 5,000 ordinary £1 shares were issued at par.

Page 7

SEXTON PITT PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2026

10.	Related party transactions
	As at 31 May 2026, the Company owed the Directors £290,000.

Page 8