Investco Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05040518 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

INVESTCO PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr E L Benezra

Mr A Harris

SECRETARY:

Mr A Harris

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

REGISTERED NUMBER:

05040518 (England and Wales)

ACCOUNTANTS:

mgr SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

48,277

70,687

CURRENT ASSETS

Debtors

5

870,771

1,094,694

Cash at bank

1,007

163

871,778

1,094,857

CREDITORS

Amounts falling due within one year

6

(879,082

)

(1,102,094

)

NET CURRENT LIABILITIES

(7,304

)

(7,237

)

TOTAL ASSETS LESS CURRENT LIABILITIES

40,973

63,450

CREDITORS

Amounts falling due after more than one year

7

(27,747

)

(44,695

)

PROVISIONS FOR LIABILITIES

10

(12,069

)

(17,643

)

NET ASSETS

1,157

1,112

CAPITAL AND RESERVES

Called up share capital

11

1,000

Retained earnings

157

112

SHAREHOLDERS' FUNDS

1,157

1,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 27 August 2026 and were signed on its behalf by:

Mr A Harris - Director

Mr E L Benezra - Director

1.	STATUTORY INFORMATION

Investco Properties 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.

The company's balance sheet shows net current liabilities of £7,082 (2024: £7,237). The directors have indicated that they will continue to support the company for the foreseeable future should additional funding be required. On this basis, the financial statements have been prepared on the going concern basis.

Turnover

Rental income and commission fees 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

evenly over the period of the lease

Fixtures and fittings

-

25% straight line

Motor vehicles

-

33% straight line

Computer equipment

-

25% straight line

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 25 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

COST

At 1 September 2024

25,682

3,183

79,649

35,577

144,091

Additions

-

6,131

17,652

1,064

24,847

Disposals

-

(4,200

)

-

(4,200

)

At 31 August 2025

25,682

9,314

93,101

36,641

164,738

DEPRECIATION

At 1 September 2024

3,418

1,328

43,232

25,426

73,404

Charge for year

1,631

2,329

30,758

8,922

43,640

Eliminated on disposal

-

(583

)

-

(583

)

At 31 August 2025

5,049

3,657

73,407

34,348

116,461

NET BOOK VALUE

At 31 August 2025

20,633

5,657

19,694

2,293

48,277

At 31 August 2024

22,264

1,855

36,417

10,151

70,687

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 September 2024

and 31 August 2025

71,805

DEPRECIATION

At 1 September 2024

40,881

Charge for year

23,932

At 31 August 2025

64,813

NET BOOK VALUE

At 31 August 2025

6,992

At 31 August 2024

30,924

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Trade debtors

349,080

379,394

Amounts owed by related parties

9,770

138,599

Other debtors

511,921

576,701

870,771

1,094,694

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Bank loans and overdrafts (see note 8)

9,167

10,925

Hire purchase contracts

8,329

Trade creditors

245,655

131,280

Amounts owed to related parties

201,631

4,400

Taxation and social security

292,268

905,220

Other creditors

122,032

41,940

879,082

1,102,094

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

Bank loans (see note 8)

-

7,925

Hire purchase contracts

27,747

36,770

27,747

44,695

8.

LOANS

An analysis of the maturity of loans is given below:

31.8.25

31.8.24

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

925

Bank loans

9,167

10,000

9,167

10,925

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

7,925

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

Hire purchase contracts

36,076

45,099

Hire purchase liabilities are secured over the asset financed.

10.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

Deferred tax

12,069

17,643

Deferred

tax

£

Balance at 1 September 2024

17,643

Provided during year

(5,574

)

Balance at 31 August 2025

12,069

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

250

Ordinary

£1

250

Ordinary A

£1

250

Ordinary B

£1

250

750

Allotted and issued:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

250

Ordinary C

£1

250

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

Mr E L Benezra

Balance outstanding at start of year

114,485

22,570

Amounts advanced

158,191

129,151

Amounts repaid

(62,000

)

(37,236

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

210,676

114,485

Mr A Harris

Balance outstanding at start of year

103,006

50,000

Amounts advanced

127,382

135,392

Amounts repaid

(62,000

)

(82,386

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

168,388

103,006

13.	PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of the directors and employees.

The amount charged to the profit and loss account during the year under review was £8,969 (2024:£7,186). There were outstanding employer contributions of £793 (2024:£586) outstanding at the balance sheet date.