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

Matthew Young
Sarah Fuller
Edward Bellew
Stephen Knight
Anthony John Dawes
David Camp

The director shown below has held office during the period of
1 January 2024 to 21 August 2024

Charles Desmond

The director shown below has held office during the period of
21 August 2024 to 31 December 2024

David Seddon

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
30 September 2025

And signed on behalf of the board by:
Name: Matthew Young
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2024

	2024	10 months to 31 December 2023
	£	£
Turnover:	87,839	0
Gross profit(or loss):	87,839	0
Administrative expenses:	( 3,685,196 )	( 70,058 )
Other operating income:	3,148,614	1,288,845
Operating profit(or loss):	(448,743)	1,218,787
Interest payable and similar charges:	( 71,871 )	0
Profit(or loss) before tax:	(520,614)	1,218,787
Profit(or loss) for the financial year:	(520,614)	1,218,787

Balance sheet

As at 31 December 2024

	Notes	2024	10 months to 31 December 2023
		£	£
Fixed assets
Tangible assets:	3	4,900,000	2,928,341
Total fixed assets:		4,900,000	2,928,341
Current assets
Debtors:	4	12,189,521	3,872,968
Cash at bank and in hand:		379,935	0
Total current assets:		12,569,456	3,872,968
Creditors: amounts falling due within one year:	5	( 16,771,181 )	( 5,582,420 )
Net current assets (liabilities):		(4,201,725)	(1,709,452)
Total assets less current liabilities:		698,275	1,218,889
Total net assets (liabilities):		698,275	1,218,889
Capital and reserves
Called up share capital:		102	102
Profit and loss account:		698,173	1,218,787
Total Shareholders' funds:		698,275	1,218,889

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

  Revenue includes rental income earned from the investment property. Rental income from operating leases is recognised on a straight-line basis over the lease term. If and when the Company provides incentives to its tenants, the cost of incentives is recognised over the lease term, on a straight-line basis, as a reduction of rental income.

  Tangible fixed assets depreciation policy

  Investment property comprises completed property or those held under development for this purpose or held to earn rentals or for capital appreciation or both. Investment property is measured initially at net purchase price including transaction costs. Transaction costs include transfer taxes, professional fees for legal services and initial costs to bring the property to the condition necessary for it to be capable of operating. Subsequent to initial recognition, investment property is stated at fair value, which represents the amount at which the assets could be exchanged between a knowledgeable, willing buyer and a knowledgeable, willing seller in an arm's length transaction at the date of valuation, which reflects the market conditions at the Statement of Financial Position date. Gains or losses arising from changes in the fair values are recognised in the Statement of Comprehensive Income in the period in which they arise. Purchases and sales of investment property are recognised when contracts have been unconditionally exchanged and the significant risks and rewards of ownership have been transferred. Investment property is derecognised when it has been disposed of and no future economic benefit is expected from its disposal. If an investment property becomes owner-occupied, it is reclassified as property, plant and equipment. Its fair value at the date of reclassification becomes its cost for subsequent accounting purposes. Any gains or losses on the disposal of investment property are recognised in the Statement of Comprehensive Income in the year of retirement or disposal. The gains or losses are determined as the difference between net disposal proceeds and the carrying value of the investment property at the time of disposal.

  Valuation information and policy

  Investment property is stated at fair value, being the market value determined by the Investment Manager and is reviewed and approved by the Directors at least annually. Changes in the fair value are presented in the Statement of Comprehensive Income. The fair value of the investment property is determined by using estimates as identified by the Investment Manager in its assessment of the condition of the relevant investment property, the timing of acquiring the investment property, and the progression of the construction works at the end of the year.

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 2. Employees

  	2024	10 months to 31 December 2023
  Average number of employees during the period	0	0