REGISTERED NUMBER: 08296722 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

CHARLES LUCAS PROPERTY MANAGEMENT

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

M J Godden

C L G Godden

REGISTERED OFFICE:

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

REGISTERED NUMBER:

08296722 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Tangible assets

4

4,920

600

Investments

5

50

50

4,970

650

CURRENT ASSETS

Debtors

6

360,016

393,106

Cash at bank and in hand

2,125

6,072

362,141

399,178

CREDITORS

Amounts falling due within one year

7

99,868

138,003

NET CURRENT ASSETS

262,273

261,175

TOTAL ASSETS LESS CURRENT LIABILITIES

267,243

261,825

CREDITORS

Amounts falling due after more than one year

8

(28,366

)

(59,144

)

PROVISIONS FOR LIABILITIES

10

(854

)

-

NET ASSETS

238,023

202,681

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

237,913

202,571

238,023

202,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 26 August 2026 and were signed on its behalf by:

C L G Godden - Director

M J Godden - Director

1.	STATUTORY INFORMATION

Charles Lucas Property Management 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements. Against the backdrop of the COVID-19 Pandemic the directors have paid particular attention to likely cashflow requirements and the future availability of adequate cashflow to the company.

On the basis of this consideration, the directors are confident that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they are satisfied that no material uncertainty exists. As a result of the above, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion.

Turnover

Turnover 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.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

50% on cost

Investments in subsidiaries

The investment represents shares owned in South Coast Homes East Sussex Limited (12811931). The company owns 50% of issued share capital.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 December 2024

-

-

1,199

1,199

Additions

2,000

1,600

4,439

8,039

At 30 November 2025

2,000

1,600

5,638

9,238

DEPRECIATION

At 1 December 2024

-

-

599

599

Charge for year

500

400

2,819

3,719

At 30 November 2025

500

400

3,418

4,318

NET BOOK VALUE

At 30 November 2025

1,500

1,200

2,220

4,920

At 30 November 2024

-

-

600

600

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 December 2024

and 30 November 2025

50

NET BOOK VALUE

At 30 November 2025

50

At 30 November 2024

50

The investment represents shares owned in South Coast Homes East Sussex Limited (12811931).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Other debtors

360,016

393,106

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts (see note 9)

30,778

44,216

Trade creditors

2,624

2,008

Tax

45,204

44,073

Social security and other taxes

35

3,642

Other creditors

10,452

39,323

Directors' current accounts

6,935

1,319

Accrued expenses

3,840

3,422

99,868

138,003

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans (see note 9)

28,366

59,144

9.

LOANS

An analysis of the maturity of loans is given below:

30.11.25

30.11.24

£

£

Amounts falling due within one year or on demand:

Bank loans

30,778

44,216

Amounts falling due between one and two years:

Bank loans - 1-2 years

17,660

30,778

Amounts falling due between two and five years:

Bank loans - 2-5 years

10,706

28,366

10.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

£

Deferred tax

Accelerated capital allowances

854

-

Deferred

tax

£

Movement

854

Balance at 30 November 2025

854

11.	RELATED PARTY DISCLOSURES

At the year end the company owed the directors £6,935 ( 2024 £1,320), there are no terms attached to the amount. In addition an intercompany loan to a related company was made of £360,016 again with no terms attached.

The company received dividends from South Coast Homes East Sussex Limited, a company in which a 50% shareholding is held.

During the year the company invoiced £54,500 (2024:£108,678) )to South Coast Homes East Sussex Limited for work undertaken.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Charles Lucas Property Management Limited for the year ended 30 November 2025 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Charles Lucas Property Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Charles Lucas Property Management Limited and state those matters that we have agreed to state to the Board of Directors of Charles Lucas Property Management Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Charles Lucas Property Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Charles Lucas Property Management 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 Charles Lucas Property Management Limited. You consider that Charles Lucas Property Management 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 Charles Lucas Property Management 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.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

26 August 2026