Worth Family Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11804351 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Worth Family Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

L S Worth

Mrs D H Worth

REGISTERED OFFICE:

6 Fern Chase

Fern Chase

Leeds

LS14 3JL

REGISTERED NUMBER:

11804351 (England and Wales)

ACCOUNTANTS:

Leon & Company

Chartered Accountants

100 High Ash Drive

Alwoodley

Leeds

West Yorkshire

LS17 8RE

FIXED ASSETS

Tangible assets

4

1,005

-

Investment property

5

1,290,000

1,291,005

1,290,000

CURRENT ASSETS

Debtors

6

6,925

3,761

Cash at bank and in hand

19,995

31,377

26,920

35,138

CREDITORS

Amounts falling due within one year

7

194,935

231,377

NET CURRENT LIABILITIES

(168,015

)

(196,239

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,122,990

1,093,761

CREDITORS

Amounts falling due after more than one
year

8

(750,973

)

(747,431

)

PROVISIONS FOR LIABILITIES

(113,273

)

(113,273

)

NET ASSETS

258,744

233,057

CAPITAL AND RESERVES

Called up share capital

200

Revaluation reserve

9

339,820

Retained earnings

(81,276

)

(106,963

)

SHAREHOLDERS' FUNDS

258,744

233,057

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 9 October 2026 and were signed on its behalf by:

L S Worth - Director

1.	STATUTORY INFORMATION

Worth Family 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.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,500

At 31 March 2026

1,500

DEPRECIATION

Charge for year

495

At 31 March 2026

495

NET BOOK VALUE

At 31 March 2026

1,005

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

1,290,000

NET BOOK VALUE

At 31 March 2026

1,290,000

At 31 March 2025

1,290,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2025

453,093

Cost

836,907

1,290,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.26

31.3.25

£

Cost

836,907

Investment property was valued on an open market basis on 31 March 2026 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Other debtors

6,925

3,761

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

28,143

39,485

Amounts owed to associates

53,000

35,000

Other creditors

113,792

156,892

194,935

231,377

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.26

31.3.25

£

Bank loans

750,973

747,431

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

643,682

625,974

9.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

339,820

The transfer between reserves represents the reclassification of investment property valuation gains and losses (net of associated deferred tax) into an other reserve, on the basis that the net valuation gains are not available for distribution to shareholders.

Revaluations £453,093, less deferred tax £113,273, non-distributable reserve £339,820.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Worth Family Properties Limited for the year ended 31 March 2026 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Worth Family Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Worth Family Properties Limited and state those matters that we have agreed to state to the Board of Directors of Worth Family Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Worth Family Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Worth Family Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Worth Family Properties Limited. You consider that Worth Family Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Worth Family Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Leon & Company

Chartered Accountants

100 High Ash Drive

Alwoodley

Leeds

West Yorkshire

LS17 8RE

Date: .............................................