REGISTERED NUMBER: 12470053 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

PAYNE & SONS PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs R A Payne

D L Payne

REGISTERED OFFICE:

69 Cairns Road

Sunderland

SR5 1QS

REGISTERED NUMBER:

12470053 (England and Wales)

ACCOUNTANTS:

Robert Miller & Co.

Chartered Accountants

43a Front Street

Cleadon Village

Sunderland

SR6 7PG

FIXED ASSETS

Tangible assets

3

121,641

73,230

CURRENT ASSETS

Cash at bank

4,855

4,281

CREDITORS

Amounts falling due within one year

4

965

2,992

NET CURRENT ASSETS

3,890

1,289

TOTAL ASSETS LESS CURRENT LIABILITIES

125,531

74,519

CREDITORS

Amounts falling due after more than one year

5

113,832

63,482

NET ASSETS

11,699

11,037

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

11,499

10,837

SHAREHOLDERS' FUNDS

11,699

11,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2026 and were signed on its behalf by:

Mrs R A Payne - Director

1.	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.

2.	EMPLOYEES AND DIRECTORS

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

3.	TANGIBLE FIXED ASSETS

Properties

£

COST

At 1 March 2025

73,230

Additions

48,411

At 28 February 2026

121,641

NET BOOK VALUE

At 28 February 2026

121,641

At 28 February 2025

73,230

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

413

2,440

Other creditors

552

552

965

2,992

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

113,832

63,482