What Property Ltd - Filleted accounts

Registered number

13019786

What Property Ltd

Filleted Accounts

31 December 2025

What Property Ltd
Registered number:		13019786
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,195			1,594
Investments	4		130,000			130,000
			131,195			131,594

Current assets
Cash at bank and in hand		7,962			5,298

Creditors: amounts falling due within one year	5	(31,218)			(31,808)

Net current liabilities			(23,256)			(26,510)

Total assets less current liabilities			107,939			105,084

Creditors: amounts falling due after more than one year	6		(88,000)			(88,000)

Provisions for liabilities			(1,985)			(1,985)


Net assets			17,954			15,099

Capital and reserves
Called up share capital			100			100
Profit and loss account			17,854			14,999

Shareholder's funds			17,954			15,099

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R Errington
Director
Approved by the board on 16 September 2026

What Property Ltd
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Investment properties
	Investment property, which is property held to earn rentals and for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

	Taxation
	Current tax is based on taxable profit for the year. Current tax assets and liabilities are measured using tax rates that have been enacted or substantively enacted by the reporting date. Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled based on tax rates that have been enacted or substantively enacted by the reporting date. Deferred tax liabilities are recognised in respect of all timing differences that exist at the reporting date. Timing differences are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in different periods from their recognition in the financial statements. Deferred tax assets are recognised only to the extent that it is probable that they will be recovered by the reversal of deferred tax liabilities or other future taxable profits. For non-depreciable assets measured using the revaluation model and investment properties measured at fair value (except investment property with a limited useful life held by the company to consume substantially all of its economic benefit), deferred tax is measured using the tax rates and allowances that apply to the sale of the asset or property.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	0		0


3	Tangible fixed assets
				Plant and machinery etc
£
	Cost
	At 1 January 2025			4,858
	At 31 December 2025			4,858

	Depreciation
	At 1 January 2025			3,264
	Charge for the year			399
	At 31 December 2025			3,663

	Net book value
	At 31 December 2025			1,195
	At 31 December 2024			1,594


4	Investment property

Investment
property
£
	Cost
	At 1 January 2025			130,000

	At 31 December 2025			130,000

	Historical cost
	At 1 January 2025			119,552
	At 31 December 2025			119,552

	Investment property comprises freehold property. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.


5	Creditors: amounts falling due within one year	2025		2024
£			£

	Trade creditors	600		600
	Taxation and social security costs	763		858
	Other creditors	29,855		30,350
		31,218		31,808


6	Creditors: amounts falling due after one year	2025		2024
£			£

	Bank loans	88,000		88,000


7	Loans	2025		2024
£			£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years	88,000		88,000


	Secured bank loans	88,000		88,000

	The bank loan is secured by a fixed charge on the company's investment property.


8	Related party transactions

	During the year the director maintained a current account with the company. Included in other creditors at the year end was a credit balance of £29,855 (2024 - £30,350).


9	Other information

	What Property Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit C25 Houghton Business Centre
	Lake Road
	Houghton Le Spring
	DH5 8BJ