REGISTERED NUMBER: 12441385 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

THE PROPERTY SHOP (YORKSHIRE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R M Melles

K A Melles

REGISTERED OFFICE:

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

REGISTERED NUMBER:

12441385 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Intangible assets

4

120,000

140,000

Tangible assets

5

11,820

11,490

131,820

151,490

CURRENT ASSETS

Debtors

6

73,007

50,856

Cash at bank and in hand

249,456

207,254

322,463

258,110

CREDITORS

Amounts falling due within one year

7

345,538

283,205

NET CURRENT LIABILITIES

(23,075

)

(25,095

)

TOTAL ASSETS LESS CURRENT LIABILITIES

108,745

126,395

CREDITORS

Amounts falling due after more than one year

8

(20,355

)

(26,423

)

PROVISIONS FOR LIABILITIES

(2,955

)

(3,045

)

NET ASSETS

85,435

96,927

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

85,335

96,827

SHAREHOLDERS' FUNDS

85,435

96,927

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2026 and were signed on its behalf by:

R M Melles - Director

1.	STATUTORY INFORMATION

The Property Shop (Yorkshire) 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.

Turnover

Turnover represents property management fees, commission on the sale of properties and related services and is recognised on provision of the service.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company has implemented an auto-enrolment pension in respect of all employees. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

200,000

AMORTISATION

At 1 January 2025

60,000

Charge for year

20,000

At 31 December 2025

80,000

NET BOOK VALUE

At 31 December 2025

120,000

At 31 December 2024

140,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

21,067

Additions

3,418

At 31 December 2025

24,485

DEPRECIATION

At 1 January 2025

9,577

Charge for year

3,088

At 31 December 2025

12,665

NET BOOK VALUE

At 31 December 2025

11,820

At 31 December 2024

11,490

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

73,007

50,856

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

6,219

6,058

Trade creditors

6,658

375

Taxation and social security

56,848

53,509

Other creditors

275,813

223,263

345,538

283,205

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

20,355

26,423

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

-

574

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

45

A

£1

45

50

(31.12.24 - 50 )

45

B

£1

45

50

(31.12.24 - 50 )

5

C

£1

5

-

(31.12.24 - NIL)

5

D

£1

5

-

(31.12.24 - NIL)

100

100

During the year, 5 A shares and 5 B shares were reclassified as 5 C shares and 5 D shares respectively.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

R M Melles and K A Melles

Balance outstanding at start of year

37,673

-

Amounts advanced

49,918

37,673

Amounts repaid

(37,673

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

49,918

37,673