REGISTERED NUMBER: 12189790 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Shorts Property People Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P A Iacobucci

J A Iacobucci

REGISTERED OFFICE:

2 Chilton Road

Ipswich

Suffolk

IP3 8PD

REGISTERED NUMBER:

12189790 (England and Wales)

ACCOUNTANTS:

Knights Lowe Ltd

Chartered Accountants

Crane Court

302 London Road

Ipswich

Suffolk

IP2 0AJ

FIXED ASSETS

Intangible assets

4

112,684

128,391

Tangible assets

5

28,904

6,780

141,588

135,171

CURRENT ASSETS

Debtors

6

14,000

2,000

Cash at bank

321,971

302,433

335,971

304,433

CREDITORS

Amounts falling due within one year

7

318,894

331,906

NET CURRENT ASSETS/(LIABILITIES)

17,077

(27,473

)

TOTAL ASSETS LESS CURRENT LIABILITIES

158,665

107,698

CREDITORS

Amounts falling due after more than one year

8

23,115

-

NET ASSETS

135,550

107,698

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

135,450

107,598

SHAREHOLDERS' FUNDS

135,550

107,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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:

P A Iacobucci - Director

1.	STATUTORY INFORMATION

Shorts Property People 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% straight line

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Intellectual

property

Goodwill

rights

Totals

£

£

£

COST

At 1 October 2024

and 30 September 2025

157,071

2,734

159,805

AMORTISATION

At 1 October 2024

31,414

-

31,414

Amortisation for year

15,707

-

15,707

At 30 September 2025

47,121

-

47,121

NET BOOK VALUE

At 30 September 2025

109,950

2,734

112,684

At 30 September 2024

125,657

2,734

128,391

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 October 2024

8,373

1,083

-

9,456

Additions

-

-

29,995

29,995

At 30 September 2025

8,373

1,083

29,995

39,451

DEPRECIATION

At 1 October 2024

2,232

444

-

2,676

Charge for year

837

160

6,874

7,871

At 30 September 2025

3,069

604

6,874

10,547

NET BOOK VALUE

At 30 September 2025

5,304

479

23,121

28,904

At 30 September 2024

6,141

639

-

6,780

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

29,995

At 30 September 2025

29,995

DEPRECIATION

Charge for year

6,874

At 30 September 2025

6,874

NET BOOK VALUE

At 30 September 2025

23,121

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

12,000

-

Other debtors

2,000

2,000

14,000

2,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

2,259

-

Amounts owed to group undertakings

12,818

13,608

Taxation and social security

32,851

28,556

Other creditors

270,966

289,742

318,894

331,906

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

23,115

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

25,374

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100