Company Registration No. 12789882 (England and Wales)
Sousa Property Management Ltd
Unaudited accounts
for the year ended 31 August 2025
Sousa Property Management Ltd
Unaudited accounts
Contents
Sousa Property Management Ltd
Company Information
for the year ended 31 August 2025
Director
Ms Iris Alexandra De Oliveira Sousa
Company Number
12789882 (England and Wales)
Registered Office
Anglo House
Worcester Road
Stourport-On-Severn
DY13 9AW
England
Sousa Property Management Ltd
Statement of financial position
as at 31 August 2025
Investment property
1,167,017
-
Cash at bank and in hand
13,903
29,733
Creditors: amounts falling due within one year
(900)
(213,330)
Net current assets/(liabilities)
13,003
(183,597)
Total assets less current liabilities
1,180,020
237,403
Creditors: amounts falling due after more than one year
(1,251,004)
(312,690)
Net liabilities
(70,984)
(75,287)
Called up share capital
1
1
Profit and loss account
(70,985)
(75,288)
Shareholders' funds
(70,984)
(75,287)
For the year ending 31 August 2025 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 her 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 27 October 2026 and were signed on its behalf by
Ms Iris Alexandra De Oliveira Sousa
Director
Company Registration No. 12789882
Sousa Property Management Ltd
Notes to the Accounts
for the year ended 31 August 2025
Sousa Property Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 12789882. The registered office is Anglo House, Worcester Road, Stourport-On-Severn, DY13 9AW, England.
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.
Sousa Property Management Ltd
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Land & buildings
At 1 September 2024
421,000
Transfer to investment property
(421,000)
At 31 August 2025
1,167,017
Investment properties are initially measured at cost, which includes purchase price and directly attributable expenditure. Subsequent to initial recognition, investment properties are measured at fair value at each reporting date, with changes in fair value recognised in profit or loss. No depreciation is provided on investment properties.
The company holds residential investment properties located in Worcester and Lichfield. During the year ended 31 August 2025, properties previously held within tangible fixed assets with a carrying amount of £421,000 were reclassified as investment properties following a change in use. Direct property acquisitions and capital refurbishment works during the period amounted to £746,017.
The directors consider that the carrying amount of £1,167,017 represents the fair value of the properties as at 31 August 2025 based on recent acquisition costs and capital expenditure.
6
Creditors: amounts falling due within one year
2025
2024
Loans from directors
-
212,330
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
802,370
312,690
Loans from directors
448,634
-
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).