REGISTERED NUMBER: 08789857 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 NOVEMBER 2025

FOR

PROSPECT PARK PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C L D Rowe

SECRETARY:

V M Wood

REGISTERED OFFICE:

Stanstead Hall

Greenstead Green

Halstead

Essex

CO9 1QL

REGISTERED NUMBER:

08789857 (England and Wales)

ACCOUNTANTS:

THP Limited

Chartered Accountants

34-40 High Street

Wanstead

London

E11 2RJ

FIXED ASSETS

Tangible assets

4

334

664

Investments

5

75

25

Freehold investment properties

6

12,939,977

12,666,054

12,940,386

12,666,743

CURRENT ASSETS

Debtors

7

2,871,137

1,523,895

Cash at bank

27,509

7,914

2,898,646

1,531,809

CREDITORS

Amounts falling due within one year

8

265,826

218,227

NET CURRENT ASSETS

2,632,820

1,313,582

TOTAL ASSETS LESS CURRENT LIABILITIES

15,573,206

13,980,325

CREDITORS

Amounts falling due after more than one year

9

(11,654,042

)

(10,588,172

)

PROVISIONS FOR LIABILITIES

(370,721

)

(349,791

)

NET ASSETS

3,548,443

3,042,362

CAPITAL AND RESERVES

Called up share capital

25,000

25,000

Revaluation reserve

11

1,892,710

1,651,962

Retained earnings

1,630,733

1,365,400

SHAREHOLDERS' FUNDS

3,548,443

3,042,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2025 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 11 August 2026 and were signed by:

C L D Rowe - Director

1.	STATUTORY INFORMATION

Prospect Park Property Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Prospect Park Property Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents rents receivable on the company's freehold investment properties.

Revenue is recognised in the accounting period in which rents are receivable.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment properties

Freehold Investment Properties are shown at fair value. Any aggregate surplus or deficit that arises from a change in fair value is recognised in the income statement, net of deferred tax. On an annual basis this surplus or deficit is transferred from retained profits into a separate, non-distributable reserve called the "Revaluation Reserve".

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 30 November 2024

and 29 November 2025

5,751

1,969

7,720

DEPRECIATION

At 30 November 2024

5,087

1,969

7,056

Charge for year

330

-

330

At 29 November 2025

5,417

1,969

7,386

NET BOOK VALUE

At 29 November 2025

334

-

334

At 29 November 2024

664

-

664

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 30 November 2024

25

Additions

50

At 29 November 2025

75

NET BOOK VALUE

At 29 November 2025

75

At 29 November 2024

25

6.	FREEHOLD INVESTMENT PROPERTIES

Total

£

FAIR VALUE

At 30 November 2024

12,666,054

Additions

33,175

Revaluations

240,748

At 29 November 2025

12,939,977

NET BOOK VALUE

At 29 November 2025

12,939,977

At 29 November 2024

12,666,054

The director considers that the above valuation, determined by him, represents the fair value of the Investment Properties as at 29 November 2025.

Fair value at 29 November 2025 is represented by:

£

Valuation in 2014

52,555

Valuation in 2015

405,834

Valuation in 2017

349,888

Valuation in 2018

889,636

Valuation in 2021

516,478

Valuation in 2023

245,963

Valuation in 2025

240,748

Cost

10,238,875

12,939,977

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

14,374

61,955

Amounts owed by joint ventures

1,520,925

-

VAT

405

1,232

Prepayments and accrued income

24,038

16,005

1,559,742

79,192

Amounts falling due after more than one year:

Amounts owed by joint ventures

1,311,395

1,444,703

Aggregate amounts

2,871,137

1,523,895

The Company had previously entered into a joint venture and in the year entered into two additional joint ventures. Each joint venture is a limited company in which the Company has a 25% shareholding in each joint venture and all three are for the purpose of purchasing and developing property with other limited company shareholders.

To this end, the Company has advanced development finance loans to each venture. Each loan being secured against the property acquired for development by the respective joint venture.

Of the funds advanced by 29 November 2025, £824,031 is not interest-bearing and is repayable on termination of the joint venture to which it was lent. As there is no expectation of this within twelve months of the year-end, this balance is considered due after more than one year.

Of the remaining funds advanced at 29 November 2025, £1,349,632 was repayable within one year along with interest charged at 9.5% per annum and £479,988 was repayable in more than one year along with interest charged at 10% per annum.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

19,084

4,214

Corporation tax

96,014

93,082

Social security and other taxes

5,218

437

Other creditors

107,972

92,603

Accrued expenses

37,538

27,891

265,826

218,227

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans >5 years payable

by instalments

1,496,043

1,496,073

Other loans more 5yrs non-inst

240,407

222,599

Director's loan account

9,917,592

8,869,500

11,654,042

10,588,172

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

240,407

222,599

Repayable by instalments

Bank loans >5 years payable

by instalments

1,496,043

1,496,073

1,496,043

1,496,073

Within other loans, there is a loan balance to a related party individual with no fixed repayment date and a 10% interest applied per annum.

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,496,043

1,496,073

The company's bank loan and banking facilities are secured by a debenture and legal charges over the investment properties.

A guarantee of £75,000 is provided by the director, C L D Rowe.

11.

RESERVES

Revaluation

reserve

£

At 30 November 2024

1,651,962

Revaluation in the period

240,748

At 29 November 2025

1,892,710

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £500 were paid to the director .

At the year-end balances owed to the director were £9,917,592 (2024: £8,869,500). This loan is interest-free and not considered repayable within twelve months of the year end.

Within other loans, there is a balance of £240,407 (2024: 222,599) owed to a related party individual. The loan has no fixed repayment date, but is not expected to be repaid within twelve months of the year end. It bears 10% interest per annum.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C L D Rowe.