REGISTERED NUMBER: 01041968 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

SHOP & OFFICE PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J S Fisher

Mr M L Fisher

Mrs S M Goldberg

SECRETARY:

Mrs S M Goldberg

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

REGISTERED NUMBER:

01041968 (England and Wales)

ACCOUNTANTS:

mgr SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Property, plant and equipment

4

19

26

Investments

5

175,339

175,339

Investment property

6

1,200,000

1,200,000

1,375,358

1,375,365

CURRENT ASSETS

Debtors

7

297,108

284,963

Cash at bank

19,859

26,762

316,967

311,725

CREDITORS

Amounts falling due within one year

8

(24,875

)

(28,475

)

NET CURRENT ASSETS

292,092

283,250

TOTAL ASSETS LESS CURRENT LIABILITIES

1,667,450

1,658,615

CREDITORS

Amounts falling due after more than one year

9

(195,000

)

(195,000

)

NET ASSETS

1,472,450

1,463,615

CAPITAL AND RESERVES

Called up share capital

11

150,000

150,000

Share option reserve

25,751

25,751

Fair value reserve

530,283

530,283

Retained earnings

766,416

757,581

SHAREHOLDERS' FUNDS

1,472,450

1,463,615

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2026 and were signed on its behalf by:

Mr J S Fisher - Director

1.	STATUTORY INFORMATION

Shop & Office Properties Ltd 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.

Preparation of consolidated financial statements

The financial statements contain information about Shop & Office Properties Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents rent received.

Tangible fixed assets

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

Fixtures and fittings

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

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 4 (2025 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 April 2025

and 31 March 2026

3,900

DEPRECIATION

At 1 April 2025

3,874

Charge for year

7

At 31 March 2026

3,881

NET BOOK VALUE

At 31 March 2026

19

At 31 March 2025

26

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2025

and 31 March 2026

175,339

NET BOOK VALUE

At 31 March 2026

175,339

At 31 March 2025

175,339

The company's investments at the Balance Sheet date in the share capital of companies include the following:

J.D.F. Properties Limited

Registered office: England

Nature of business: Property investment

%

Class of shares:

holding

100 Ordinary

100.00

31.3.26

31.3.25

£

£

Aggregate capital and reserves

2,236,575

2,423,690

Profit for the year

62,885

1,160,331

Colbourne Properties Limited

Registered office: England

Nature of business: Investment company holding shares

%

Class of shares:

holding

900 Ordinary

90.00

31.3.26

31.3.25

£

£

Aggregate capital and reserves

119,998

102,325

Profit for the year

17,964

13,795

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

1,200,000

NET BOOK VALUE

At 31 March 2026

1,200,000

At 31 March 2025

1,200,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2017

730,283

Valuation in 2018

75,000

Valuation in 2025

(275,000

)

Cost

669,717

1,200,000

Directors have confirmed that the recent valuation of the investment property is in accordance with the current market value.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Amounts owed by group undertakings

283,116

284,963

Other debtors

13,992

-

297,108

284,963

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other creditors

24,875

28,475

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Other creditors

195,000

195,000

10.

LOANS

An analysis of the maturity of loans is given below:

31.3.26

31.3.25

£

£

Amounts falling due between two and five years:

Loan account

195,000

195,000

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

150,000

Ordinary

£1

150,000

150,000

12.	RELATED PARTY DISCLOSURES

Included under debtors amounts owed from group undertakings are the following balances:

J.D.F. Properties Limited - £165,727.32 (creditor) (2025: £163,880 creditor)

Portsea Properties Limited - £458,218 (debtor) (2025: £458,218 debtor)

Colbourne Properties Limited - £9,375 (creditor) (2025: £9,375 creditor)

Included in the long term creditors is a loan amount of £195,000 owed to David Fisher Will trust, which owns a 49.99% shareholding in this company. Interest is charged at 2.5% amounting to £4,875 (2025: £4,875) for the year under review and the loan is unsecured.

13.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate controlling party is Shop & Office Properties Employee Benefit Trust, registered in England and Wales.