REGISTERED NUMBER: 12286096 (England and Wales)

Financial Statements for the Year Ended 31st March 2026

for

Buy and Let Property Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Thompson

Mrs S Thompson

REGISTERED OFFICE:

Barton Lodge

Colwall

Nr Malvern

Worcestershire

WR13 6HN

REGISTERED NUMBER:

12286096 (England and Wales)

ACCOUNTANTS:

The Richards Sandy Partnership

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Tangible assets

4

594

1,171

Investment property

5

635,000

790,000

635,594

791,171

CURRENT ASSETS

Debtors

3,294

14,455

Cash at bank

6,625

45,892

9,919

60,347

CREDITORS

Amounts falling due within one year

337,437

388,381

NET CURRENT LIABILITIES

(327,518

)

(328,034

)

TOTAL ASSETS LESS CURRENT LIABILITIES

308,076

463,137

CREDITORS

Amounts falling due after more than one year

6

448,985

511,772

NET LIABILITIES

(140,909

)

(48,635

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(140,911

)

(48,637

)

(140,909

)

(48,635

)

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 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 25th August 2026 and were signed on its behalf by:

M R Thompson - Director

1.	STATUTORY INFORMATION

Buy and Let 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.

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.

GOING CONCERN

In preparing these financial statements, the directors have considered whether the going concern basis of preparation remains appropriate. To make this assessment the directors have considered the current financial position of the company and anticipated future cashflows for a period of at least 12 months from the signing of these financial statements.

In order to meet the company's day to day cash flow needs, the company is reliant on the directors not requiring immediate cash settlement of amounts due to them until there is sufficient cash generated from operations of the company to make such payments.

TANGIBLE FIXED ASSETS

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

Computer equipment

-

33% 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 account.

FINANCIAL INSTRUMENTS

The charity has elected to apply the provisions of Section 11' Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

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 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2025

and 31st March 2026

1,748

DEPRECIATION

At 1st April 2025

577

Charge for year

577

At 31st March 2026

1,154

NET BOOK VALUE

At 31st March 2026

594

At 31st March 2025

1,171

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2025

790,000

Disposals

(85,996

)

Revaluations

(69,004

)

At 31st March 2026

635,000

NET BOOK VALUE

At 31st March 2026

635,000

At 31st March 2025

790,000

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2026

2025

£

£

Repayable otherwise than by instalments

Bank loans

448,985

511,772

7.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

448,985

511,772

The bank loans are secured by way of legal mortgage charges over then investment properties.