No. 47 Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03883560 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2026

FOR

NO. 47 PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

S C Britten

REGISTERED OFFICE:

1 Forresters Hall

1 Wyle Cop

Shrewsbury

Shropshire

SY1 1UT

REGISTERED NUMBER:

03883560 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. Limited

Chartered Accountants

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

FIXED ASSETS

Tangible assets

5

4,305,508

4,305,526

CURRENT ASSETS

Debtors

6

1,364,873

1,496,895

Cash at bank

3,742,653

42,137

5,107,526

1,539,032

CREDITORS

Amounts falling due within one year

7

4,236,470

837,102

NET CURRENT ASSETS

871,056

701,930

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,176,564

5,007,456

CREDITORS

Amounts falling due after more than one year

8

540,679

552,833

NET ASSETS

4,635,885

4,454,623

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

9

4,634,885

4,453,623

SHAREHOLDERS' FUNDS

4,635,885

4,454,623

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 14 September 2026 and were signed by:

S C Britten - Director

1.	STATUTORY INFORMATION

No. 47 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The accounts have been prepared on a going concern basis. This is dependent on the continued financial support of related undertakings.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

These financial statements are for the individual entity only.

Tangible fixed assets

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

Improvements to property

-

2% on cost and over 36 months

Plant and machinery

-

25% on cost

Investment property is revalued by the directors at the end of each financial period with depreciation charged to write off the difference in values, down to its estimated realisable value.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Deferred government grant

The deferred government grants shown in the balance sheet are being written off to the profit and loss account over 22.5 & 65 years in accordance with the terms of the grants.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

Totals

£

COST OR VALUATION

At 1 June 2025

and 31 May 2026

4,305,000

18,807

385

4,324,192

DEPRECIATION

At 1 June 2025

-

18,281

385

18,666

Charge for year

-

18

-

18

At 31 May 2026

-

18,299

385

18,684

NET BOOK VALUE

At 31 May 2026

4,305,000

508

-

4,305,508

At 31 May 2025

4,305,000

526

-

4,305,526

Cost or valuation at 31 May 2026 is represented by:

Improvements

Freehold

to

Plant and

property

machinery

Totals

£

Valuation in 2014

4,805

-

4,805

Valuation in 2018

323,026

-

323,026

Valuation in 2021

284,377

-

284,377

Valuation in 2022

315,000

-

315,000

Valuation in 2024

350,000

-

350,000

Cost

3,027,792

18,807

385

3,046,984

4,305,000

18,807

385

4,324,192

The director considers the current valuation reasonable and inline with market value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

Trade debtors

2,774

-

Other debtors

1,123,318

1,255,137

Deferred tax asset

234,080

236,464

Prepayments

4,701

5,294

1,364,873

1,496,895

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

Trade creditors

4,284

10,449

Tax

60,760

65,283

Other creditors

3,500,418

328

Directors' current accounts

622,204

722,530

Accrued expenses

36,650

26,358

Deferred government grants

12,154

4,236,470

837,102

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.5.26

31.5.25

£

Deferred government grants

540,679

552,833

9.

RESERVES

Included in retained earnings is £1,277,208 (2025: £1,277,208) of profits which are not available for distribution as they are unrealised profits on revaluations.

10.	RELATED PARTY DISCLOSURES

During the year the company made sales of £407 (2025: £178), received loan interest of £19,363 (2025: £31,662) and made purchases of £71 (2025: £286) from related companies of which Mr S C Britten is also a director. At the
year end the balance owed to related companies was £2,400,645 (2025: owed from £1,255,757).

11.	POST BALANCE SHEET EVENTS

On 24 June 2026, a total of 1,000 Ordinary Shares of £1 each were transferred from Mr S Britten to TTFN Family Holdings Ltd. This event is a non-adjusting event and does not require any adjustment to the financial statements for the year ended 31 May 2026. There is no financial effect on the reported assets or liabilities of the company as at that date.

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by TTFN Family Holdings Ltd by virtue of its 100% shareholding.

The following reproduces the text of the report prepared for the director 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 Income Statement and certain other primary statements and the Report of the Director 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 No. 47 Properties Limited for the year ended 31 May 2026 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 director of No. 47 Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of No. 47 Properties Limited and state those matters that we have agreed to state to the director of No. 47 Properties Limited 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 No. 47 Properties Limited and its director for our work or for this report.

It is your duty to ensure that No. 47 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 No. 47 Properties Limited. You consider that No. 47 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 No. 47 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.

D.R.E. & Co. Limited

Chartered Accountants

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

14 September 2026