Company Registration No. 10394157 (England and Wales)
Property Holdings (NE) Limited
Unaudited accounts
for the year ended 31 March 2026
Property Holdings (NE) Limited
Unaudited accounts
Contents
Property Holdings (NE) Limited
Company Information
for the year ended 31 March 2026
Company Number
10394157 (England and Wales)
Registered Office
Suite JC5 Business & Innovation Centre
Wearfield, Sunderland Enterprise Park
Sunderland
Tyne and Wear
SR5 2TA
United Kingdom
Accountants
Abacus Accounting (NE) Limited
3a Blue Sky Way
Monkton Business Park South
Hebburn
Tyne and Wear
NE31 2EQ
Property Holdings (NE) Limited
Statement of financial position
as at 31 March 2026
Inventories
1,148,000
1,148,000
Debtors
5,042,320
5,454,121
Cash at bank and in hand
59,255
30,596
Creditors: amounts falling due within one year
(340,398)
(371,802)
Net current assets
5,909,177
6,260,915
Total assets less current liabilities
5,913,302
6,260,915
Creditors: amounts falling due after more than one year
(1,937,277)
(1,960,059)
Net assets
3,976,025
4,300,856
Called up share capital
12,122
12,122
Revaluation reserve
5,376,978
5,376,978
Profit and loss account
(1,413,075)
(1,088,244)
Shareholders' funds
3,976,025
4,300,856
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 June 2026 and were signed on its behalf by
B Gibson
Director
Company Registration No. 10394157
Property Holdings (NE) Limited
Notes to the Accounts
for the year ended 31 March 2026
Property Holdings (NE) Limited is a private company, limited by shares, registered in England and Wales, registration number 10394157. The registered office is Suite JC5 Business & Innovation Centre, Wearfield, Sunderland Enterprise Park, Sunderland, Tyne and Wear, SR5 2TA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Property Holdings (NE) Limited
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
1,400
5,450
4,256
11,106
Disposals
-
(5,450)
-
(5,450)
At 31 March 2026
1,400
5,500
4,256
11,156
At 1 April 2025
1,400
5,450
4,256
11,106
Charge for the year
-
1,375
-
1,375
On disposals
-
(5,450)
-
(5,450)
At 31 March 2026
1,400
1,375
4,256
7,031
At 31 March 2026
-
4,125
-
4,125
Amounts falling due within one year
Trade debtors
24,218
34,590
Amounts due from group undertakings etc.
5,005,271
5,400,170
Other debtors
12,831
19,361
6
Creditors: amounts falling due within one year
2026
2025
Trade creditors
11,809
7,187
Taxes and social security
2,986
3,337
Other creditors
167,832
203,307
Loans from directors
157,771
157,971
7
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
1,937,277
1,960,059
8
Average number of employees
During the year the average number of employees was 8 (2025: 8).