REGISTERED NUMBER: 10429863 (England and Wales)

WARWICK MODERN LIVING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

Vikas Gujadhur

Registered office:

69 High Street

Southgate

London

N14 6LD

Registered number:

10429863 (England and Wales)

Accountants:

Rock Tax & Accounting Ltd

69 High Street

Southgate

London

N14 6LD

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

988,913

993,993

988,913

993,993

Current assets

Debtors

6

-

10,497

Cash at bank and in hand

14,654

19,371

14,654

29,868

Creditors

Amounts falling due within one year

7

8,852

5,210

Net current assets

5,802

24,658

Total assets less current liabilities

994,715

1,018,651

Creditors

Amounts falling due after more than one year

8

(726,750

)

(726,750

)

Provisions for liabilities

9

(72,196

)

(70,415

)

Net assets

195,769

221,486

Capital and reserves

Called up share capital

102

102

Revaluation surplus

306,210

306,210

Retained earnings

(110,543

)

(84,826

)

Shareholders' funds

195,769

221,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 September 2025 and were signed by:

Vikas Gujadhur - Director

1.	Statutory information

Warwick Modern Living 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 as modified by the revaluation of certain assets.

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 2016, is being amortised evenly over its 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.

Land and buildings

-

£100 per annum

Plant and machinery etc

-

25% on cost

Freehold property

Freehold property is shown at their revalued amounts. The revalued amounts equate to the fair value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated. Revaluations are carried out regularly so that the carrying amounts do not materially differ from using the fair value at the date of the statement of financial position. Any revaluation increase or decrease on land and buildings is credited to the property revaluation reserve in 'revaluation surplus".

Financial instruments

The company has entered into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like other debtors, creditors and loans to related parties. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is fund, an impairment loss is recognised in the profit and loss.

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.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 December 2023

and 30 November 2024

115,000

Amortisation

At 1 December 2023

and 30 November 2024

115,000

Net book value

At 30 November 2024

-

At 30 November 2023

-

5.	Tangible fixed assets

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Cost or valuation

At 1 December 2023

and 30 November 2024

980,255

35,694

1,015,949

Depreciation

At 1 December 2023

100

21,856

21,956

Charge for year

100

4,980

5,080

At 30 November 2024

200

26,836

27,036

Net book value

At 30 November 2024

980,055

8,858

988,913

At 30 November 2023

980,155

13,838

993,993

Furniture and fittings are stated at cost less accumulated depreciation and accumulated impairment losses.

Cost or valuation at 30 November 2024 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Valuation in 2018

78,037

-

78,037

Valuation in 2019

230,000

-

230,000

Valuation in 2021

70,000

-

70,000

Cost

602,218

35,694

637,912

980,255

35,694

1,015,949

The freehold property has been reviewed by the director of the company based on his best judgement.

6.

Debtors: amounts falling due within one year

30.11.24

30.11.23

£

£

Other debtors

-

10,497

7.

Creditors: amounts falling due within one year

30.11.24

30.11.23

£

£

Other creditors

8,852

5,210

8.

Creditors: amounts falling due after more than one year

30.11.24

30.11.23

£

£

Other creditors

726,750

726,750

The mortgage loan of £726,750 is secured by a personal guarantee provided by Director. In the event the company is unable to meet its obligations, the director may be personally liable for the outstanding amount under the terms of the guarantee.

9.	Provisions for liabilities

30.11.24

30.11.23

£

£

Deferred tax

72,196

70,415

Deferred tax

£

Balance at 1 December 2023

70,415

Provided during year

1,781

Balance at 30 November 2024

72,196