REGISTERED NUMBER: 10786800 (England and Wales)

Thirteen Property Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I R Storey

Mrs T L Storey

SECRETARY:

REGISTERED OFFICE:

13 Grove Road South

Southsea

Hampshire

PO5 3QR

REGISTERED NUMBER:

10786800 (England and Wales)

ACCOUNTANTS:

Barter Durgan

Chartered Accountants

10 Victoria Road South

Southsea

Hampshire

PO5 2DA

FIXED ASSETS

Investment property

4

740,316

740,316

CURRENT ASSETS

Cash at bank

18,585

50,053

CREDITORS

Amounts falling due within one year

5

89,829

128,423

NET CURRENT LIABILITIES

(71,244

)

(78,370

)

TOTAL ASSETS LESS CURRENT LIABILITIES

669,072

661,946

CREDITORS

Amounts falling due after more than one year

6

441,490

441,490

NET ASSETS

227,582

220,456

CAPITAL AND RESERVES

Called up share capital

26

26

Revaluation reserve

8

178,847

178,847

Retained earnings

48,709

41,583

227,582

220,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 2 October 2026 and were signed on its behalf by:

I R Storey - Director

1.	STATUTORY INFORMATION

Thirteen Property Ltd 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.

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.

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.

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 NIL (2025 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2025

and 31 May 2026

740,316

NET BOOK VALUE

At 31 May 2026

740,316

At 31 May 2025

740,316

Fair value at 31 May 2026 is represented by:

£

Valuation in 2021

74,843

Valuation in 2022

63,631

Valuation in 2023

11,899

Valuation in 2024

28,474

Cost

561,469

740,316

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

1

-

Taxation

1,655

3,250

Other creditors

13,000

-

Directors' current accounts

75,173

125,173

89,829

128,423

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans more 5 yr by instal

441,490

441,490

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

441,490

441,490

7.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

441,490

441,490

The bank loans are secured by a fixed charge over the investment property.

8.

RESERVES

Revaluation

reserve

£

At 1 June 2025

and 31 May 2026

178,847