REGISTERED NUMBER: 07110051 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

PROPERTY AGENTS CIRCLE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Bennett

S A Lawson

REGISTERED OFFICE:

7 Newton Court

Pendeford Business Park

Wolverhampton

West Midlands

WV9 5HB

REGISTERED NUMBER:

07110051 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Intangible assets

4

447

-

Tangible assets

5

102,637

78,071

Investments

6

47

52

103,131

78,123

CURRENT ASSETS

Debtors

7

250,120

221,588

Cash at bank

396,109

428,348

646,229

649,936

CREDITORS

Amounts falling due within one year

8

426,214

413,269

NET CURRENT ASSETS

220,015

236,667

TOTAL ASSETS LESS CURRENT LIABILITIES

323,146

314,790

CREDITORS

Amounts falling due after more than one year

9

(83,264

)

(105,836

)

PROVISIONS FOR LIABILITIES

(8,763

)

(11,267

)

NET ASSETS

231,119

197,687

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

231,117

197,685

231,119

197,687

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 30 October 2026 and were signed on its behalf by:

S A Lawson - Director

1.	STATUTORY INFORMATION

Property Agents Circle 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Improvements to property

-

20% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at the transaction price, less any impairment.

Short term creditors are measured at the transaction price.

Going concern

The company has cash resources and has no requirement for external funding. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting appropriate in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2025 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

Cost

Additions

451

At 31 March 2026

451

Amortisation

Charge for year

4

At 31 March 2026

4

Net book value

At 31 March 2026

447

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1 April 2025

86,040

51,158

35,108

32,825

205,131

Additions

-

9,896

-

44,062

53,958

Disposals

-

(4,440

)

-

(10,500

)

(14,940

)

At 31 March 2026

86,040

56,614

35,108

66,387

244,149

Depreciation

At 1 April 2025

60,121

34,254

17,676

15,009

127,060

Charge for year

6,493

6,598

1,742

3,719

18,552

Eliminated on disposal

-

(3,881

)

-

(219

)

(4,100

)

At 31 March 2026

66,614

36,971

19,418

18,509

141,512

Net book value

At 31 March 2026

19,426

19,643

15,690

47,878

102,637

At 31 March 2025

25,919

16,904

17,432

17,816

78,071

The net book value of assets held under hire purchase contracts, included above, are as follows:

Motor Vehicles: £42,162 (2025: £6,663)

6.	FIXED ASSET INVESTMENTS

Other

investments

£

Cost

At 1 April 2025

52

Disposals

(5

)

At 31 March 2026

47

Net book value

At 31 March 2026

47

At 31 March 2025

52

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

17

614

Amounts owed by connected companies

132,976

132,563

Other debtors

117,127

88,411

250,120

221,588

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

45,634

41,567

Hire purchase contracts (see note 10)

861

1,667

Trade creditors

99,186

81,913

Amounts owed to connected companies

57,459

105,824

Taxation and social security

141,798

116,193

Other creditors

81,276

66,105

426,214

413,269

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

60,202

105,836

Hire purchase contracts (see note 10)

23,062

-

83,264

105,836

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

861

1,667

Between one and five years

23,062

-

23,923

1,667

Non-cancellable

operating leases

2026

2025

£

£

Within one year

6,000

30,500

Between one and five years

6,000

7,625

In more than five years

15,000

-

27,000

38,125

11.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

23,923

1,667

The Hire purchase contracts are secured against the asset to which they relate.

12.	PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £2,296 (2025: £1,622) were due to the fund at the balance sheet date and are included in other creditors.