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Registered number: 16132451
Plain English Property LIMITED
Financial Statements
For the Period 12 December 2024 to 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 16132451
31 December 2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 11,401
Investment Properties 5 197,552
208,953
CURRENT ASSETS
Debtors 6 55
Cash at bank and in hand 687
742
Creditors: Amounts Falling Due Within One Year 7 (220,192 )
NET CURRENT ASSETS (LIABILITIES) (219,450 )
TOTAL ASSETS LESS CURRENT LIABILITIES (10,497 )
NET LIABILITIES (10,497 )
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account (10,597 )
SHAREHOLDERS' FUNDS (10,497)
Page 1
Page 2
For the period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Craig Wood
Director
11/09/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Plain English Property LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 16132451 . The registered office is C/O Getground, 1 Lyric Square, London, W6 0NB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Straight Line
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 12 December 2024 -
Additions 14,055
As at 31 December 2025 14,055
Depreciation
As at 12 December 2024 -
Provided during the period 2,654
As at 31 December 2025 2,654
Net Book Value
As at 31 December 2025 11,401
As at 12 December 2024 -
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5. Investment Property
31 December 2025
£
Fair Value
As at 12 December 2024 -
Additions 197,552
As at 31 December 2025 197,552
6. Debtors
31 December 2025
£
Due within one year
Prepayments and accrued income 55
7. Creditors: Amounts Falling Due Within One Year
31 December 2025
£
Director's loan account 220,192
8. Share Capital
31 December 2025
£
Allotted, Called up and fully paid 100
Page 4