Property Start Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05359206

Property Start Limited

Filleted Unaudited Financial Statements

28 February 2026

Property Start Limited

Financial Statements

Year ended 28 February 2026

Contents	Page

Officers and professional advisers	1

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	4

Property Start Limited

Officers and Professional Advisers

Director	C J Rudge

Company Secretary	D J Rudge

Registered Office	The Cemetery Lodge
	Lincoln Hill
	Ironbridge
	Telford
	Shropshire
	TF8 7NY

Accountants	Howell Davies Limited
	Chartered Accountants
	Tudor House
	37a Birmingham New Road
	Wolverhampton
	West Midlands
	WV4 6BL

Property Start Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Property Start Limited

Year ended 28 February 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Property Start Limited for the year ended 28 February 2026, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. Howell Davies Limited Chartered Accountants

Tudor House 37a Birmingham New Road Wolverhampton West Midlands WV4 6BL

2 November 2026

Property Start Limited

Statement of Financial Position

28 February 2026

	2026		2025
Note	£	£	£	£

Fixed Assets

Tangible assets	5		334		436

Current Assets

Stocks		4,025	6,808
Debtors	6	545	11,577
Cash at bank and in hand		–	489
		-------	--------
		4,570	18,874

Creditors: amounts falling due within one year	7	930		1,992
		-------		--------
Net Current Assets			3,640		16,882
			-------		--------
Total Assets Less Current Liabilities			3,974		17,318
			-------		--------
Net Assets			3,974		17,318
			-------		--------

Capital and Reserves

Called up share capital	1	1
Profit and loss account	3,973	17,317
	-------	--------
Shareholders Funds	3,974	17,318
	-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 2 November 2026 , and are signed on behalf of the board by:

C J Rudge
Director

Company registration number: 05359206

Property Start Limited

Notes to the Financial Statements

Year ended 28 February 2026

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Cemetery Lodge, Lincoln Hill, Ironbridge, Telford, Shropshire, TF8 7NY.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	10% straight line
Office Equipment	-	50% straight line

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to Nil (2025: 1 ).

5. Tangible Assets

Plant and machinery	Office Equipment	Total
£	£	£

Cost
At 1 March 2025 and 28 February 2026	1,017	559	1,576
	-------	----	-------
Depreciation
At 1 March 2025	627	513	1,140
Charge for the year	102	–	102
	-------	----	-------
At 28 February 2026	729	513	1,242
	-------	----	-------
Carrying amount
At 28 February 2026	288	46	334
	-------	----	-------
At 28 February 2025	390	46	436
	-------	----	-------

6. Debtors

	2026	2025
	£	£

Trade debtors	–	8,088
Other debtors	545	3,489
	----	--------
	545	11,577
	----	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£

Corporation tax	294	230
Other creditors	636	1,762
	----	-------
	930	1,992
	----	-------

8. Director's Advances, Credits and Guarantees

9. Related Party Transactions

The company was under the control of Mr C Rudge throughout the current and previous year. Mr C Rudge is the managing director and sole shareholder.