Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Mr P Fenelon
Mr A Barnes

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 September 2025

And signed on behalf of the board by:
Name: Mr P Fenelon
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2024

	2024	2023
	£	£
Turnover:	240,401	471,710
Cost of sales:	( 18,042 )	( 27,448 )
Gross profit(or loss):	222,359	444,262
Administrative expenses:	( 85,231 )	( 114,191 )
Operating profit(or loss):	137,128	330,071
Interest payable and similar charges:	( 208,221 )	( 361,982 )
Profit(or loss) before tax:	(71,093)	(31,911)
Profit(or loss) for the financial year:	(71,093)	(31,911)

Balance sheet

As at 31 December 2024

	Notes	2024	2023
		£	£
Fixed assets
Tangible assets:	3	7,050,000	7,050,000
Total fixed assets:		7,050,000	7,050,000
Current assets
Debtors:	4	55,713	75,745
Cash at bank and in hand:		149,960	11,369
Total current assets:		205,673	87,114
Creditors: amounts falling due within one year:	5	( 3,942,234 )	( 3,711,075 )
Net current assets (liabilities):		(3,736,561)	(3,623,961)
Total assets less current liabilities:		3,313,439	3,426,039
Creditors: amounts falling due after more than one year:	6	( 2,619,996 )	( 2,661,502 )
Total net assets (liabilities):		693,443	764,537
Capital and reserves
Called up share capital:		1	1
Profit and loss account:		693,442	764,536
Total Shareholders' funds:		693,443	764,537

The notes form part of these financial statements

Balance sheet statements

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

  Turnover policy

  Turnover represents rents receivable in respect of investment properties net of VAT and trade discounts.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

  Other accounting policies

  Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 2. Employees

  	2024	2023
  Average number of employees during the period	0	0