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.

The company has incurred a loss during the year, due to vacant office space in the company's investment property

and increased costs of debt, arising from changes in wider UK economic conditions. Whilst the company's balance

sheet shows overall net assets of £712,899 (2023 - £861,081), due to continued losses and the high cost of debt,

the Directors have had to consider the basis upon which the accounts should be prepared and determine whether a

going concern basis remains appropriate. The accounts have been prepared on a going concern basis, as the

Directors and Group companies which have provided financial support to the Company will continue to do so, to

enable the company to return to profitability or to realise value through the sale of the company's assets. The

Directors have reviewed the position for 12 months from the date that the accounts were approved.

Turnover comprises the fair value of the rent received from tenants of the company’s investment properties in the

ordinary course of the company’s activities. Turnover is shown net of value added tax, rebates and discounts.

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:

Investment property is carried at fair value, derived from the current market prices for comparable real estate

determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any

difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or

loss.