REGISTERED NUMBER: 09789625 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

106 PROPERTY GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms N M English

Mr S Ellis

REGISTERED OFFICE:

Almond Beach House

15 Marquis Way

Aldwick

Bognor Regis

West Sussex

PO21 4AT

REGISTERED NUMBER:

09789625 (England and Wales)

ACCOUNTANTS:

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Investment property

4

3,155,500

3,155,500

CURRENT ASSETS

Debtors

5

3,451

5,826

Cash at bank

7,877

10,489

11,328

16,315

CREDITORS

Amounts falling due within one year

6

1,056,924

1,060,099

NET CURRENT LIABILITIES

(1,045,596

)

(1,043,784

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,109,904

2,111,716

CREDITORS

Amounts falling due after more than one year

7

(1,430,000

)

(1,430,000

)

PROVISIONS FOR LIABILITIES

(150,064

)

(150,064

)

NET ASSETS

529,840

531,652

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

450,194

450,194

Retained earnings

79,546

81,358

529,840

531,652

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 Income Statement 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 S Ellis - Director

1.	STATUTORY INFORMATION

106 Property Group 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.

The presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£).

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 as modified by the revaluation of certain assets.

Investment property

Investment properties are initially recognised at cost, including directly attributable transaction costs. Subsequently, investment properties are measured at fair value at each reporting date, with changes in fair value recognised in the profit and loss account.

Where external professional valuations are obtained, they are performed by independent, professionally qualified valuers. Where external valuations are not used, fair values are determined by the directors based on market evidence for comparable properties.

Rental income is recognised on a straight-line basis over the lease term. Direct operating expenses are charged to the profit and loss account as incurred.

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.

Financial instruments

Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 section 1A. Basic financial instruments are recognised at amortised cost using effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

3,155,500

NET BOOK VALUE

At 31 March 2026

3,155,500

At 31 March 2025

3,155,500

1 Park Road & Odeon buildings - The investment properties were appraised by Richard Bull MRICS of SHW on 14 July 2023 at £675,000 and £745,000 respectively.

It is the opinion of the directors that the value of the investment properties did not change between the balance sheet date and the date of the latest appraisals.

Fair value at 31 March 2026 is represented by:

£

Valuation in 2021

707,847

Valuation in 2023

(153,850

)

Valuation in 2024

47,500

Cost

2,554,003

3,155,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

715

1,502

Other debtors

2,736

4,324

3,451

5,826

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

25,395

16,851

Other creditors

1,031,529

1,043,248

1,056,924

1,060,099

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

1,430,000

1,430,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

1,430,000

1,430,000

The loan is secured against the assets to which it relates.