REGISTERED NUMBER: 05693573 (England and Wales)

PROPERTYNET (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G L Agasee

Mrs T Agasee

SECRETARY:

Mrs T Agasee

REGISTERED OFFICE:

303 The Chocolate Factory

Clarendon Road

Wood Green

London

N22 6XJ

REGISTERED NUMBER:

05693573 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Tangible assets

4

30,522

28,468

CURRENT ASSETS

Debtors

5

19,601

19,601

Cash at bank and in hand

68,368

65,815

87,969

85,416

CREDITORS

Amounts falling due within one year

6

89,200

88,011

NET CURRENT LIABILITIES

(1,231

)

(2,595

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,291

25,873

CREDITORS

Amounts falling due after more than one year

7

(10,831

)

(20,833

)

PROVISIONS FOR LIABILITIES

10

(719

)

(319

)

NET ASSETS

17,741

4,721

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

11

17,641

4,621

SHAREHOLDERS' FUNDS

17,741

4,721

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2026 and were signed on its behalf by:

Mr G L Agasee - Director

1.	STATUTORY INFORMATION

Propertynet (Uk) 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.

Turnover

Turnover represents net invoiced fees and commission receivable, excluding value added tax. Turnover is recognised when the invoice is raised.

Tangible fixed assets

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

Short leasehold

-

not provided

Improvements to property

-

not provided

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Short

to

and

Computer

leasehold

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

13,897

12,527

17,386

12,698

56,508

Additions

-

-

2,798

-

2,798

At 31 January 2026

13,897

12,527

20,184

12,698

59,306

DEPRECIATION

At 1 February 2025

-

-

15,442

12,598

28,040

Charge for year

-

-

711

33

744

At 31 January 2026

-

-

16,153

12,631

28,784

NET BOOK VALUE

At 31 January 2026

13,897

12,527

4,031

67

30,522

At 31 January 2025

13,897

12,527

1,944

100

28,468

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Other debtors

16,713

16,713

Related company

2,888

2,888

19,601

19,601

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade creditors

2,396

6,589

Corporation tax

13,434

16,767

Social security and other taxes

1,732

2,186

Clients account

61,613

56,029

Directors' current accounts

3,775

390

Accrued expenses

6,250

6,050

89,200

88,011

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans (see note 8)

10,831

20,833

8.

LOANS

An analysis of the maturity of loans is given below:

31.1.26

31.1.25

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

10,831

20,833

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank loans

10,831

20,833

The bank loan is secured by first legal charges over the company's assets and personal guarantees and indemnities given by the directors.

10.	PROVISIONS FOR LIABILITIES

31.1.26

31.1.25

£

£

Deferred tax

719

319

Deferred

tax

£

Balance at 1 February 2025

319

Accelerated capital allowances

400

Balance at 31 January 2026

719

11.

RESERVES

Retained

earnings

£

At 1 February 2025

4,621

Profit for the year

53,020

Dividends

(40,000

)

At 31 January 2026

17,641