REGISTERED NUMBER: 10923551 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

AT Properties (SW) Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Directors:

Mrs A D Brittan

T Brittan

Registered office:

Trevaylor

Calstock Road

Gunnislake

Cornwall

PL18 9BY

Registered number:

10923551 (England and Wales)

Accountants:

Websters

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Tangible assets

4

7

88

Investment property

5

590,000

590,000

590,007

590,088

Current assets

Debtors

6

2,035

1,902

Cash at bank

51,691

36,823

53,726

38,725

Creditors

Amounts falling due within one year

7

430,553

426,135

Net current liabilities

(376,827

)

(387,410

)

Total assets less current liabilities

213,180

202,678

Provisions for liabilities

8

41,000

41,000

Net assets

172,180

161,678

Capital and reserves

Called up share capital

9

100

100

Revaluation reserve

10

123,412

123,412

Retained earnings

48,668

38,166

Shareholders' funds

172,180

161,678

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2026 and were signed on its behalf by:

Mrs A D Brittan - Director

1.	STATUTORY INFORMATION

AT Properties (SW) 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 investment properties.

Turnover

This represents rents receivable for the period adjusted for arrears or amounts in advance at the balance sheet date.

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

25% straight line

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Going concern

These financial statements have been prepared on a going concern basis. The company is dependent on the support of the directors who, at the balance sheet date, were owed £425,389. The directors have confirmed that funds will continue to be made available into the foreseeable future.

Debtors and creditors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

Cost

At 1 April 2025

and 31 March 2026

324

Depreciation

At 1 April 2025

236

Charge for year

81

At 31 March 2026

317

Net book value

At 31 March 2026

7

At 31 March 2025

88

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2025

and 31 March 2026

590,000

Net book value

At 31 March 2026

590,000

At 31 March 2025

590,000

The property was valued by the directors at the balance sheet date.

Fair value at 31 March 2026 is represented by:

£

Valuation in 2021

104,412

Valuation in 2022

40,000

Valuation in 2024

20,000

Cost

425,588

590,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

2,035

1,902

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Tax

3,725

1,515

Directors' current accounts

425,389

423,301

Accrued expenses

1,439

1,319

430,553

426,135

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

41,000

41,000

Deferred

tax

£

Balance at 1 April 2025

41,000

Balance at 31 March 2026

41,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

123,412

11.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the following amounts to the directors:

Miss A D Keane

Director and shareholder

£414,859

T Brittan

Director and shareholder

£10,530

Interest of £6,000 was paid to Miss A D Keane and £200 to T Brittan by the company.

12.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors.