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For the year ended |
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|
Financial Statements |
Contents |
Pages |
Statement of financial position |
1 to 2 |
Notes to the financial statements |
3 to 7 |
|
Statement of Financial Position |
2024 |
2023 |
||
Note |
£ |
£ |
£ |
Tangible assets |
5 |
– |
|
|
Debtors |
6 |
|
|
|
Cash at bank and in hand |
|
|
||
--------- |
------- |
|||
|
|
|||
Creditors: amounts falling due within one year |
7 |
(
|
(
|
|
--------- |
--------- |
|||
Net current assets/(liabilities) |
|
(
|
||
--------- |
--------- |
|||
Total assets less current liabilities |
|
|
||
Taxation including deferred tax |
8 |
– |
(
|
|
--------- |
--------- |
|||
Net assets |
|
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||
--------- |
--------- |
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Called up share capital |
11 |
|
|
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Other reserve |
12 |
– |
|
|
Profit and loss account |
12 |
|
(
|
|
--------- |
--------- |
|||
Shareholders funds |
|
|
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--------- |
--------- |
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Statement of Financial Position (continued) |
|
Notes to the Financial Statements |
Fixtures and fittings |
- |
25% straight line.
|
|
2024 |
2023 |
|
£ |
£ |
|
UK current tax expense |
|
|
Origination and reversal of timing differences |
(
|
(
|
-------- |
-------- |
|
Taxation on ordinary activities |
(
|
(
|
-------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Profit/(loss) on ordinary activities before taxation |
|
(
|
-------- |
-------- |
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Profit/(loss) on ordinary activities by rate of tax |
|
(
|
Effect of expenses not deductible for tax purposes |
(
|
|
Effect of revenue exempt from tax |
(
|
(
|
Effect of different UK tax rates on some earnings |
– |
88 |
-------- |
-------- |
|
Tax on profit/(loss) |
(
|
(
|
-------- |
-------- |
|
Freehold investment property |
Fixtures and fittings |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1 January 2024 |
|
|
|
Disposals |
(
|
(
|
(
|
--------- |
-------- |
------------ |
|
At 31 December 2024 |
– |
– |
– |
--------- |
-------- |
------------ |
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Depreciation |
|||
At 1 January 2024 |
|
|
|
Disposals |
– |
(
|
(
|
Reversal of impairment losses |
(
|
– |
(
|
--------- |
-------- |
------------ |
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At 31 December 2024 |
– |
– |
– |
--------- |
-------- |
------------ |
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Carrying amount |
|||
At 31 December 2024 |
– |
– |
– |
--------- |
-------- |
------------ |
|
At 31 December 2023 |
|
– |
|
--------- |
-------- |
------------ |
|
£ |
|
At 1 January 2024 |
|
Disposals |
(
|
--------- |
|
At 31 December 2024 |
– |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Other debtors |
|
|
---- |
---- |
|
2024 |
2023 |
|
£ |
£ |
|
Amounts due to parent company |
– |
|
Accruals and deferred income |
|
|
Corporation tax |
|
|
-------- |
--------- |
|
|
|
|
-------- |
--------- |
|
Deferred tax (note 9) |
|
£ |
|
At 1 January 2024 |
|
Charge against provision |
(
|
-------- |
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At 31 December 2024 |
– |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Included in provisions (note 8) |
– |
|
---- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Fair value adjustment of investment property |
– |
|
---- |
-------- |
|
Other reserve |
Profit and loss account |
Total |
|
£ |
£ |
£ |
|
Year ended 31 December 2024 |
|||
Transfer of fair value movements on investment properties to distributable reserves |
(254,114)
|
254,114
|
– |
--------- |
--------- |
---- |
|
Year ended 31 December 2023 |
|||
Transfer of fair value movements on investment properties to distributable reserves |
(33,750)
|
33,750
|
– |
-------- |
-------- |
---- |
|
|
Notes to the Financial Statements (continued) |
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
200,000 |
|
200,000 |
--------- |
--------- |
--------- |
--------- |
|
Relationship | Transaction Type | 2024 | 2023 | |
£ | £ | |||
Parent company | Amount due to/(from) | - | 504,673 | |