Balance sheet continued

As at 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Tangible fixed assets depreciation policy

  Tangible fixed assets represent freehold land which was last professionally valued on 2 May 1990 on an open market basis and is included at that value. The directors do not consider there to be a material difference between the carrying value in the financial statements and the current market value of the freehold land subject to the existing tenancy. No depreciation is charged, which is contrary to normal accounting practice. The directors believe that this approach is necessary for the financial statements to give a true and fair view of the state of affairs of the Company.