REGISTERED NUMBER: 11783847 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Check Prop Holdings Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Stocks

4

355,035

340,407

Debtors

5

8,804

392

Cash at bank

744

-

364,583

340,799

CREDITORS

Amounts falling due within one year

6

393,680

341,007

NET CURRENT LIABILITIES

(29,097

)

(208

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(29,097

)

(208

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(29,197

)

(308

)

SHAREHOLDERS' FUNDS

(29,097

)

(208

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2026 and were signed on its behalf by:

Mr John Edward Checkley - Director

1.	STATUTORY INFORMATION

Check Prop Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11783847

Registered office:

Unit 1 The Cam Centre

Wilbury Way

Hitchin

SG4 0TW

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.

The financial statements are prepared in sterling, which is the functional currency of the entity. Amounts are rounded to the nearest £1.

Turnover

Turnover represents gross rental income receivable from properties held during the period.

Stocks

Inventory comprises property held for sale in the ordinary course of business and is stated at the lower of cost and estimated selling price less costs to complete and sell.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern

At the balance sheet date, the company had net current liabilities of £29,097 (2025: £208) and retained losses of £29,197 (2025: £308). The directors have pledged to financially support the company for a period of at least 12 months from the date of approval of the financial statements and therefore feel it is appropriate to prepare the accounts under the going concern basis.

3.	EMPLOYEES AND DIRECTORS

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

4.

STOCKS

Included in inventories is a residential property acquired with the intention to sell.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

8,804

392

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

2,618

-

Other creditors

391,062

341,007

393,680

341,007

7.	SECURED DEBTS

Included within other creditors is a bridging loan facility of £284,550 (2025: £244,783) which is secured by way of a personal guarantee from the directors.The facility was redeemed in February 2026.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

2026

2025

£

£

Mr John Edward Checkley

Balance outstanding at start of year

-

-

Amounts advanced

(8,672

)

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(8,672

)

-

This loan is provided interest free with no terms for repayment.

9.	POST BALANCE SHEET EVENTS

Subsequent to the year end, the Company changed its intended use of a property that had been included within inventories at the reporting date.

At the balance sheet date, the property was actively marketed for sale and was therefore classified as stock. Following an unsuccessful sale process and continued uncertainty within the UK property market, the directors reassessed their intentions for the property and determined that it would be appropriate to retain the property and generate rental income by letting it on a commercial basis.

As a consequence, after the reporting date the property was transferred from inventories to investment property.

The property had originally been financed through a bridging loan arrangement pending its anticipated sale. Following the failed sale attempt, the bridging facility required to be renewed. Approximately one month after the year end, the Company refinanced the property through a long-term mortgage arrangement, the proceeds of which were used to repay the bridging loan in full.

The decision to retain and let the property, together with the refinancing arrangements entered into after the reporting date, represent non-adjusting events occurring after the end of the reporting period. Accordingly, no adjustment has been made to the amounts recognised in these financial statements as at the balance sheet date.

The directors consider these events to be material to an understanding of the Company's financial position and future financing arrangements and have therefore disclosed them in accordance with FRS 102.