REGISTERED NUMBER: 13777946 (England and Wales)

MENZ PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

L Brooks

Ms C S Brooks

REGISTERED OFFICE:

2nd Floor, One Hobbs House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

13777946 (England and Wales)

ACCOUNTANTS:

KHI Albury Limited

2nd Floor, One Hobbs House,

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

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 Statement of Comprehensive Income 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 Menz Properties Limited for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, 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 http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Menz Properties 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 Menz Properties Limited and state those matters that we have agreed to state to the Board of Directors of Menz Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Menz Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Menz Properties 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 Menz Properties Limited. You consider that Menz Properties 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 Menz Properties 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.

KHI Albury Limited

2nd Floor, One Hobbs House,

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

2 September 2026

FIXED ASSETS

Investment property

4

266,000

255,000

CURRENT ASSETS

Cash at bank

1,215

1,484

CREDITORS

Amounts falling due within one year

5

102,676

104,555

NET CURRENT LIABILITIES

(101,461

)

(103,071

)

TOTAL ASSETS LESS CURRENT LIABILITIES

164,539

151,929

CREDITORS

Amounts falling due after more than one year

6

(169,599

)

(169,599

)

PROVISIONS FOR LIABILITIES

(7,277

)

(4,527

)

NET LIABILITIES

(12,337

)

(22,197

)

CAPITAL AND RESERVES

Called up share capital

8

600

600

Revaluation reserve

9

27,550

19,300

Retained earnings

9

(40,487

)

(42,097

)

SHAREHOLDERS' FUNDS

(12,337

)

(22,197

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2026 and were signed on its behalf by:

L Brooks - Director

1.	STATUTORY INFORMATION

Menz 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the properties are occupied.

Investment property

In accordance with the Companies Act, fixed assets are ordinarily subject to systematic annual depreciation. However, the directors are of the opinion that the policy of not providing depreciation on investment properties is necessary to ensure that the financial statements present a true and fair view. The carrying values of the properties are determined primarily by their current market value and the changes therein, rather than by applying a formulaic depreciation charge. Depreciation is only one of many elements inherent in the valuation process, and any notional amount cannot be separately identified or reliably quantified.

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.

Cash at bank and in hand

Cash at bank and in hand is represented by cash in hand and deposits held with financial institutions repayable without penalty or a notice of not less than 24 hour's.

Going concern

The financial statements have been prepared on a going concern basis. The directors have confirmed that financial support will continue to be made available to enable the company to meet its day-to-day obligations as they fall due for the foreseeable future. Accordingly, the directors consider that the going concern basis of preparation is appropriate. The financial statements do not include any adjustments that might arise if such support were withdrawn.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

255,000

Revaluations

11,000

At 31 December 2025

266,000

NET BOOK VALUE

At 31 December 2025

266,000

At 31 December 2024

255,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2022

231,173

Valuation in 2023

24,827

Valuation in 2024

(1,000

)

Valuation in 2025

11,000

266,000

Freehold properties were revalued at the year-end date to its fair value of £266,000 by the Directors, based on their online research. If the freehold properties were included in the balance sheet on an historical cost basis, then the carrying amount would be £231,173 (2024 - £231,173). The directors are of the opinion that, given the static nature of the property market in recent times, the difference between the fair value and the estimated fair value was not significant, therefore they have adopted the fair value based on their research.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,322

1,027

Other creditors

101,354

103,528

102,676

104,555

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

169,599

169,599

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more than 5 years

169,599

169,599

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

169,599

169,599

The Bank loans are secured by way of a fixed charge over the company's freehold properties.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

A Ordinary

£1

100

100

100

B Ordinary

£1

100

100

100

C Ordinary

£1

100

100

100

D Ordinary

£1

100

100

100

E Ordinary

£1

100

100

100

F Ordinary

£1

100

100

600

600

All shares rank pari-passu in all respects.

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 January 2025

(42,097

)

19,300

(22,797

)

Profit for the year

1,610

1,610

Revaluation during the year

-

8,250

8,250

At 31 December 2025

(40,487

)

27,550

(12,937

)

10.	RELATED PARTY DISCLOSURES

At the year-end date, included within creditors, amount falling due within one year is £100,994 (2024: £100,408) owed to the directors. This amount is unsecured, interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are C Brooks and L Brooks.