Classic Properties (South West) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02912974 (England and Wales)

CLASSIC PROPERTIES (SOUTH WEST) LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N Jordan

SECRETARY:

N Jordan

REGISTERED OFFICE:

The Riding School House

Bulls Lane

Wishaw

Sutton Coldfield

B76 9QW

REGISTERED NUMBER:

02912974 (England and Wales)

FIXED ASSETS

Tangible assets

4

260,000

CURRENT ASSETS

Debtors

5

12,000

Cash at bank

6,547

18,547

CREDITORS

Amounts falling due within one year

6

54,845

47,306

NET CURRENT LIABILITIES

(36,298

)

(28,759

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

223,702

231,241

PROVISIONS FOR LIABILITIES

10,866

NET ASSETS

212,836

220,375

CAPITAL AND RESERVES

Called up share capital

7

200,000

Retained earnings

8

12,836

20,375

SHAREHOLDERS' FUNDS

212,836

220,375

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 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 August 2026 and were signed by:

N Jordan - Director

1.	STATUTORY INFORMATION

Classic Properties (South West) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

20% on cost

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Long

Computer

leasehold

equipment

Totals

£

COST

At 1 January 2025

and 31 December 2025

260,000

4,022

264,022

DEPRECIATION

At 1 January 2025

and 31 December 2025

-

4,022

NET BOOK VALUE

At 31 December 2025

260,000

-

260,000

At 31 December 2024

260,000

-

260,000

The historic cost of the investment property is £150,852 (2024: £150,852).

The investment property was valued at the year end by the director on an open market for existing use basis.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

Amounts owed by group undertakings

12,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

Trade creditors

1

Directors' current accounts

51,239

43,700

Accrued expenses

3,605

54,845

47,306

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/25

31/12/24

value:

£

200,000

Ordinary

1

200,000

8.

RESERVES

Retained

earnings

£

At 1 January 2025

20,375

Deficit for the year

(7,539

)

At 31 December 2025

12,836

Profit and loss account

Included within the profit and loss reserve is an amount of £98,282 (2024: £98,282) relating to the revaluation of investment property which is not considered distributable.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Classic Properties (South West)Holdings Limited.