Balance sheet continued

As at 31 December 2024

For the year ending 31 December 2024 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 December 2024

• 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

  The Company’s investment property is accounted for at cost as a valuation cannot be obtained without undue cost.
  Fixtures and fittings are stated at cost less depreciation. Depreciation is provided as follows:
  Fixtures and fittings - 25% reducing balance

  Other accounting policies

  Rental income from under operating leases is recognised on a straight-line basis over the lease term, even if the payments are not made on such a basis.