Weeks Property Company Limited

Registered number

04348365

Unaudited Filleted Accounts

5 April 2026

Weeks Property Company Limited
Registered number:		04348365
Balance Sheet
as at 5 April 2026

Notes			2026			2025
£				£
Fixed assets
Investments	4		650,000			675,000

Current assets
Cash at bank and in hand		9,459			103,069

Creditors: amounts falling due within one year	5	(116,990)			(113,991)

Net current liabilities			(107,531)			(10,922)

Total assets less current liabilities			542,469			664,078

Creditors: amounts falling due after more than one year	6		(50,000)			(139,160)

Provisions for liabilities			(37,017)			(41,767)


Net assets			455,452			483,151

Capital and reserves
Called up share capital			1,000			1,000
Fair value reserve	8		157,807			178,057
Profit and loss account			296,645			304,094

Shareholders' funds			455,452			483,151

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr T D Weeks
Director
Approved by the board on 2 November 2026

Weeks Property Company Limited
Notes to the Accounts
for the year ended 5 April 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.

	Turnover
	The company has no turnover as its income is derived from rental income and property management charges receivable during the year.

	Investment properties
	Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	33% straight line

	Debtors and creditors receivable/payable within one year
	Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		4		4


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 6 April 2025				1,881
	At 5 April 2026				1,881

	Depreciation
	At 6 April 2025				1,881
	At 5 April 2026				1,881

	Net book value
	At 5 April 2026				-


4	Investments

Other
investments
£
	Cost
	At 6 April 2025				675,000
	Revaluation				(25,000)

	At 5 April 2026				650,000

	Historical cost
	At 6 April 2025				455,176
	At 5 April 2026				455,176


	Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The methods and significant assumptions used to ascertain the fair value of £650,000 and fair value movement of £25,000 included in the profit and loss for the year ended 5th April 2026 are as detailed above. The company's investment properties were valued by the company's director, Mr T D Weeks, on the basis of their fair value for existing use.


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Trade creditors		1,250		1,250
	Tax and social security		3,502		1,149
	Other creditors		112,238		111,592
			116,990		113,991


6	Creditors: amounts falling due after one year		2026		2025
£				£

	Bank loans		-		139,160
	Other creditors		50,000		-
			50,000		139,160


7	Loans		2026		2025
£				£
	Creditors include:
	Instalments falling due for payment after more than five years		-		139,160


	Secured bank loans		-		139,160

	The loans are secured over the investment properties to which they relate.


8	Fair value reserve		2026		2025
£				£

	At 6 April 2025		178,057		232,555
	Transfer of realised gains to profit and loss account		-		(47,281)
	Revaluation on fair value of investment properties		(25,000)		(20,000)
	Deferred taxation arising on the revaluation of investment properties		4,750		12,783

	At 5 April 2026		157,807		178,057


9	Other information

	Weeks Property Company Limited is a private company limited by shares and incorporated in England. Its registered office is:

	10 Chalkwell Avenue
	Westcliff On Sea
	Essex
	SS0 8NA