REGISTERED NUMBER: 03611608 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Property Tectonics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

Ms E M Brady

Mrs S A Crisp

Mr D J Mctear

Miss K J Young

SECRETARY:

Miss K J Young

REGISTERED OFFICE:

Suite 16, Lowry Mill

Lees Street

Swinton

Manchester

M27 6DB

REGISTERED NUMBER:

03611608 (England and Wales)

ACCOUNTANTS:

Sterling Partners Limited

Chartered Accountants

Chartered Tax Advisors

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

FIXED ASSETS

Intangible assets

4

84,660

112,088

Tangible assets

5

49,019

47,299

Investments

6

-

180

133,679

159,567

CURRENT ASSETS

Stocks

192,176

171,815

Debtors

7

1,070,201

560,903

Cash at bank and in hand

1,943,457

1,882,376

3,205,834

2,615,094

CREDITORS

Amounts falling due within one year

8

(718,532

)

(536,981

)

NET CURRENT ASSETS

2,487,302

2,078,113

TOTAL ASSETS LESS CURRENT LIABILITIES

2,620,981

2,237,680

CREDITORS

Amounts falling due after more than one year

9

(1,695

)

(11,865

)

PROVISIONS FOR LIABILITIES

11

(22,477

)

(21,452

)

NET ASSETS

2,596,809

2,204,363

CAPITAL AND RESERVES

Called up share capital

12

50,100

67,475

Retained earnings

2,546,709

2,136,888

SHAREHOLDERS' FUNDS

2,596,809

2,204,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 November 2025 and were signed on its behalf by:

Ms E M Brady - Director

1.	STATUTORY INFORMATION

Property Tectonics 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.

Preparation of consolidated financial statements

The financial statements contain information about Property Tectonics Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of ten years.

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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Work in progress

Work in progress is based on the amount of work completed but not invoiced at the year end. Valuation is based on full sales value.

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.

Research and development

Expenditure on product development has been capitalised in accordance with FRS 102.

The expenditure relates to the development and substantial improvement of software packages.

The development costs are amortised at an annual rate of 20% in order to write off this asset over its estimated useful life.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Development

Goodwill

costs

Totals

£

£

£

COST

At 1 April 2024

15,000

2,321,227

2,336,227

Additions

-

25,877

25,877

At 31 March 2025

15,000

2,347,104

2,362,104

AMORTISATION

At 1 April 2024

15,000

2,209,139

2,224,139

Amortisation for year

-

53,305

53,305

At 31 March 2025

15,000

2,262,444

2,277,444

NET BOOK VALUE

At 31 March 2025

-

84,660

84,660

At 31 March 2024

-

112,088

112,088

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

98,148

495,483

593,631

Additions

705

22,497

23,202

At 31 March 2025

98,853

517,980

616,833

DEPRECIATION

At 1 April 2024

67,785

478,547

546,332

Charge for year

9,573

11,909

21,482

At 31 March 2025

77,358

490,456

567,814

NET BOOK VALUE

At 31 March 2025

21,495

27,524

49,019

At 31 March 2024

30,363

16,936

47,299

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

180

Disposals

(180

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

180

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

871,837

356,739

Other debtors

35,025

35,198

Prepayments and accrued income

163,339

168,966

1,070,201

560,903

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,170

10,170

Trade creditors

42,212

22,598

Tax

211,020

181,812

Social security and other taxes

38,745

37,709

Pension liability

2,673

2,336

VAT

222,198

153,504

Accruals and deferred income

191,514

128,852

718,532

536,981

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

1,695

10,170

Bank loans - 2-5 years

-

1,695

1,695

11,865

10.	SECURED DEBTS

National Westminster Bank Plc, hold a mortgage debenture with the amount secured in relation to all liabilities of the Company present and future actual and/or contingent to National Westminster Bank Plc.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

12,117

11,092

Other provisions

10,360

10,360

22,477

21,452

Deferred

Bad

tax

debts

£

£

Balance at 1 April 2024

11,092

10,360

Accelerated capital allowances

1,025

-

Provision for bad debts

-

(10,360

)

Balance at 31 March 2025

12,117

-

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary shares

1

100

100

65,000

Preference shares

1

50,000

65,000

2,026

C shares

1

-

2,375

50,100

67,475

13.	OTHER FINANCIAL COMMITMENTS

As at 31st March 2025, the company had financial commitments totalling £145,672 (2024: £182,973) in respect of operating leases.

14.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the Directors.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Property Tectonics Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Property Tectonics Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Property Tectonics Limited and state those matters that we have agreed to state to the Board of Directors of Property Tectonics Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Property Tectonics Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Property Tectonics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Property Tectonics Limited. You consider that Property Tectonics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Property Tectonics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sterling Partners Limited

Chartered Accountants

Chartered Tax Advisors

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

Date: .............................................