REGISTERED NUMBER: 11639785 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

FOR

THREADNEEDLE PROPCO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N D Hall

REGISTERED OFFICE:

1st Floor

Regency House

43 High Street

Rickmansworth

Hertfordshire

WD3 1ET

REGISTERED NUMBER:

11639785 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Tangible assets

4

490

1,839

Investment property

5

1,771,554

1,615,854

1,772,044

1,617,693

CURRENT ASSETS

Debtors

6

23,358

3,159

Cash at bank

5,126

78,628

28,484

81,787

CREDITORS

Amounts falling due within one year

7

369,730

340,128

NET CURRENT LIABILITIES

(341,246

)

(258,341

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,430,798

1,359,352

CREDITORS

Amounts falling due after more than one year

8

(764,579

)

(772,808

)

PROVISIONS FOR LIABILITIES

9

(98,353

)

(98,353

)

NET ASSETS

567,866

488,191

CAPITAL AND RESERVES

Called up share capital

10

2

2

Revaluation reserve

11

295,059

295,059

Retained earnings

11

272,805

193,130

SHAREHOLDERS' FUNDS

567,866

488,191

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 25th August 2026 and were signed by:

Mr N D Hall - Director

1.	STATUTORY INFORMATION

Threadneedle Propco 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

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.

Fixtures and fittings

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st April 2025

and 31st March 2026

20,485

DEPRECIATION

At 1st April 2025

18,646

Charge for year

1,349

At 31st March 2026

19,995

NET BOOK VALUE

At 31st March 2026

490

At 31st March 2025

1,839

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2025

1,615,854

Additions

155,700

At 31st March 2026

1,771,554

NET BOOK VALUE

At 31st March 2026

1,771,554

At 31st March 2025

1,615,854

Fair value at 31st March 2026 is represented by:

£

Valuation in 2020

45,082

Valuation in 2021

167,075

Valuation in 2022

65,525

Valuation in 2023

115,730

Cost

1,378,142

1,771,554

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.26

31.3.25

£

£

Cost

1,365,264

1,209,563

The investment properties were valued on the current market basis on 31st March 2026 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Amounts owed by associates

20,000

138

Other debtors

1,000

1,000

Prepayments

2,358

2,021

23,358

3,159

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

7,904

10,311

Other loans

91,514

81,514

Amounts owed to associates

122,000

98,000

Tax

11,008

13,098

Directors' current accounts

122,715

122,715

Accrued expenses

14,589

14,490

369,730

340,128

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - >1 year

-

7,904

Mortgage creditor

764,579

764,904

764,579

772,808

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgage creditor

764,579

764,904

The mortgage creditors are interest only and are secured by way of a 1st charge against the properties to which they relate.

9.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

98,353

98,353

Deferred tax

£

Balance at 1st April 2025

98,353

Balance at 31st March 2026

98,353

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1st April 2025

193,130

295,059

488,189

Profit for the year

79,675

79,675

At 31st March 2026

272,805

295,059

567,864

The revaluation reserve represents the non-distributable reserves arising following revaluation of the investment properties held at the balance sheet. The amount is stated net of a provision for deferred tax.

12.	RELATED PARTY TRANSACTIONS

Included in "Creditors: amounts falling due within one year" is £80,000 (2025: £80,000) which is payable to Cityscape Recruitment Limited, a company of which Mr N D Hall is a director. The loan is not interest bearing.

Included in "Creditors: amounts falling due within one year" is £22,000 (2025: £18,000) which is payable to Threadneedle Commercial Property Limited, a company of which Mr N D Hall is a director. The loan is not interest bearing.

Included in "Creditors: amounts falling due within one year" is £20,000 (2025: £0) which is payable to Whitelake Recruitment Limited, a company of which Mr N D Hall is a director. The loan is not interest bearing.

Included in "Debtors: amounts falling due within one year" is £20,000 (2025: £0) which is due from Cityscape Trade Holdings Limited, a company of which Mr N D Hall is a director. The loan is not interest bearing.