REGISTERED NUMBER: 00463840 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Padham Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C L Osborne

A L Osborne

SECRETARY:

G H Osborne

REGISTERED OFFICE:

Bridge House

All Cannings

Devizes

Wiltshire

SN10 3NR

REGISTERED NUMBER:

00463840 (England and Wales)

ACCOUNTANTS:

LMW Limited

Riverside View

Basing Road

Old Basing

Basingstoke

Hampshire

RG24 7AL

FIXED ASSETS

Investment property

4

13,947,950

13,750,000

CURRENT ASSETS

Debtors

5

36,305

75,412

Cash at bank

627,620

1,308,481

663,925

1,383,893

CREDITORS

Amounts falling due within one year

6

85,755

165,386

NET CURRENT ASSETS

578,170

1,218,507

TOTAL ASSETS LESS CURRENT LIABILITIES

14,526,120

14,968,507

PROVISIONS FOR LIABILITIES

7

2,362,513

2,499,150

NET ASSETS

12,163,607

12,469,357

CAPITAL AND RESERVES

Called up share capital

8

8,552

8,552

Share premium

3,694,925

3,694,925

Capital redemption reserve

10,488

10,488

Fair value reserve

9

3,851,574

4,261,484

Retained earnings

4,598,068

4,493,908

SHAREHOLDERS' FUNDS

12,163,607

12,469,357

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 21 September 2026 and were signed on its behalf by:

A L Osborne - Director

1.	STATUTORY INFORMATION

Padham 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.	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.

Significant judgements and estimates

The directors have made key assumptions in the determination of the fair value of an investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.

Turnover

Turnover represents rental income which is accounted for on a receivable basis.

Tangible fixed assets

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

Investment property

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

Financial instruments

Debtors and creditors payable/receivable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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, adjusted for indexation where applicable.

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 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.

Impairment

Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

13,750,000

Additions

744,497

Revaluations

(546,547

)

At 31 March 2026

13,947,950

NET BOOK VALUE

At 31 March 2026

13,947,950

At 31 March 2025

13,750,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

21,501

72,990

Other debtors

14,804

2,422

36,305

75,412

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Taxation and social security

68,496

145,434

Other creditors

17,259

19,952

85,755

165,386

7.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

Other timing differences

2,362,513

2,499,150

Deferred

tax

£

Balance at 1 April 2025

2,499,150

On fair value reserve movement

(136,637

)

Balance at 31 March 2026

2,362,513

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

8,552

Ordinary

£1

8,552

8,552

9.

RESERVES

Fair

value

reserve

£

At 1 April 2025

4,261,484

Transfer between reserves

(409,910

)

At 31 March 2026

3,851,574