South Western Property Developments Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

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Balance Sheet

As At 28 February 2026

Balance Sheet

Registered number: 06127620

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		685,000		685,000

			685,000		685,000
CURRENT ASSETS
Debtors	5	3,133		3,104
Cash at bank and in hand		7,561		4,122

		10,694		7,226
Creditors: Amounts Falling Due Within One Year	6	(23,250 )		(19,417 )

NET CURRENT ASSETS (LIABILITIES)			(12,556 )		(12,191 )

TOTAL ASSETS LESS CURRENT LIABILITIES			672,444		672,809

Creditors: Amounts Falling Due After More Than One Year	7		(435,396 )		(435,396 )

NET ASSETS			237,048		237,413

CAPITAL AND RESERVES
Called up share capital	9		2		2
Fair value reserve	10		131,504		131,504
Profit and Loss Account			105,542		105,907

SHAREHOLDERS' FUNDS			237,048		237,413

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South Western Property Developments Limited

Balance Sheet (continued)

As At 28 February 2026

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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr T Hart

Director

5th November 2026

The notes on pages 4 to 6 form part of these financial statements.

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South Western Property Developments Limited

Notes to the Financial Statements

For The Year Ended 28 February 2026

Notes to the Financial Statements

1. General Information

South Western Property Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06127620 . The registered office is 40 St James Buildings, St. James Street, Taunton, TA1 1JR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises rental income generated from the investment property owned by the company.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Financial Instruments

The company holds the following financial instruments:

Short term trade and other debtors and creditors;

Bank loans; and

Cash and bank balances.

All financial instruments are classified as basic.

Recognition and measurement

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecgonised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

...CONTINUED

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South Western Property Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.5. Financial Instruments - continued

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs and are subsequently carried at amortised cost using the effective interest method.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Investment Property

	2026
	£
Fair Value
As at 1 March 2025 and 28 February 2026	685,000

5. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	3,133	3,104

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Corporation tax	3,225	485
Other creditors	6,500	6,500
Accruals and deferred income	8,014	7,182
Director's loan account	5,511	5,250

	23,250	19,417

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South Western Property Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	435,396	435,396

8. Secured Creditors

A fixed charge over the assets of the company exists with Shawbrook Bank on bank loans due after one year.

	2026		2025
	£		£
Bank loans and overdrafts	435,396		435,396

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

10. Reserves

	Fair Value Reserve
	£
As at 1 March 2025	131,504

As at 28 February 2026	131,504

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Director	Mr T Hart

Secretary	Mr T Hart

Company Number	06127620

Registered Office	40 St James Buildings
	St. James Street
	Taunton
	TA1 1JR

Accountants	Cooper Associates Accountants Ltd
	40 St James Buildings
	St James Street
	Taunton
	Somerset
	TA1 1JR