REGISTERED NUMBER: 05080358 (England and Wales)

Nottus Properties Limited

Unaudited Financial Statements

for the Year Ended 31 March 2026

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

L Sutton

P Sutton

S Sutton

Secretary:

P Sutton

Registered office:

24 High Street

Wickford

United Kingdom

Essex

SS12 9AZ

Registered number:

05080358 (England and Wales)

Accountants:

Clay Ratnage Strevens & Hills

Chartered Accountants

Construction House, Runwell Road

Wickford

Essex

SS11 7HQ

Fixed assets

Investment property

4

1,285,000

1,285,000

Current assets

Debtors

5

4,416

17,407

Cash at bank

143,340

113,045

147,756

130,452

Creditors

Amounts falling due within one year

6

25,969

26,718

Net current assets

121,787

103,734

Total assets less current liabilities

1,406,787

1,388,734

Creditors

Amounts falling due after more than one year

7

(219,823

)

(226,123

)

Provisions for liabilities

8

(67,920

)

(67,920

)

Net assets

1,119,044

1,094,691

Capital and reserves

Called up share capital

3

3

Share premium account

33,499

33,499

Investment property

revaluation reserve

392,344

392,344

Retained earnings

693,198

668,845

1,119,044

1,094,691

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 2 October 2026 and were signed on its behalf by:

L Sutton - Director

S Sutton - Director

P Sutton - Director

1.	Statutory information

Nottus 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

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is carried at fair value determined annually by the directors, having regard to professional advice taken personally and is derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Financial instruments

The company has elected to apply Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, including trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently carried at amortised cost using the effective interest method, less any impairment provision. Where an arrangement constitutes a financing transaction, whereby payment is deferred beyond normal business terms, it is measured at the present value of future receipts discounted at a market rate of interest. Discounting is omitted where the effect is immaterial.

Impairment of financial assets

Financial assets are assessed for impairment at each reporting date. An impairment loss arises where events subsequent to initial recognition indicate that estimated future cash flows have been adversely affected, and is measured as the difference between the carrying amount and the present value of future cash flows at the original effective interest rate. Where the indicators of impairment subsequently reverse, the impairment loss may be reversed up to the original carrying amount, and is recognised in profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of their contractual arrangements. An equity instrument is any contract that evidences a residual interest in the assets of the company after deduction of all its liabilities.

Basic financial liabilities, including trade and other payables and bank and other loans, are initially measured at transaction price after transaction costs, or where a financing transaction exists, at the present value of future payments discounted at a market rate of interest. Discounting is omitted where the effect is immaterial. All debt instruments, including trade payables, are subsequently carried at amortised cost using the effective interest method.

Trade payables are classified as current liabilities where payment is due within one year, and as non-current liabilities otherwise.

Derecognition of financial instruments

Financial assets are derecognised when contractual rights to future cash flows expire, are settled, or when the asset and substantially all risks and rewards of ownership are transferred to another party. Where significant risks and rewards are retained, the relevant portion continues to be recognised. Financial liabilities are derecognised when the related contractual obligations are discharged, cancelled or expire.

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.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Employees and directors

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

4.	Investment property

Total

£

Fair value

At 1 April 2025

and 31 March 2026

1,285,000

Net book value

At 31 March 2026

1,285,000

At 31 March 2025

1,285,000

The 2026 valuations were made by the directors, having regard to professional advice taken personally, on an open market value for existing use basis.

If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2026

2025

£

£

Historic cost

824,736

824,736

5.

Debtors

2026

2025

£

£

Trade debtors

888

879

Amounts owed by associated company

-

13,000

Other debtors

3,528

3,528

4,416

17,407

6.

Creditors: amounts falling due within one year

2026

2025

£

£

Bank loans

6,300

6,300

Taxation and social security

6,229

7,120

Other creditors

13,440

13,298

25,969

26,718

7.

Creditors: amounts falling due after more than one year

2026

2025

£

£

Bank loans

219,823

226,123

8.	Provisions for liabilities

2026

2025

£

£

Deferred tax

67,920

67,920

Deferred

tax

£

Balance at 1 April 2025

67,920

Balance at 31 March 2026

67,920

The provision for deferred taxation is made up as follows:

2025

2024

£

£

Unrealised surplus on revalued investment property

67,920

67,920

9.

Loans

Analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year

Bank loans

6,300

6,300

Amounts falling due 1-2 years

Bank loans

6,300

6,300

Amounts falling due 2-5 years

Bank loans

213,523

219,823

226,123

232,423

The bank loan is repayable by monthly installments and is subject to an interest rate of 2.95% above the Bank of England base rate. The bank loan is secured by a first legal charge over 7 Culver Rise, 39 Spencer Court and 23 Inchbonnie Road, which are three of the freehold properties owned by the company.

10.	Related party transactions

As at the balance sheet date the company was owed £Nil (2025 - £13,000) by Suttons Carpet and Furniture Centre Limited, a company under common control. No interest was charged on this loan.