Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet

As at 31 December 2024

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 directors have chosen not to file a copy of the company's profit and loss account.

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 comprises turnover recognised by the CIC in respect of rental income and related recharged expenditure receivable during the reporting period with amounts recognised in accordance with the underlying contractual arrangement on a straight line basis over the term of occupancy and is measured as the fair value of the consideration received or receivable. The CIC does not expect to have any contracts where the period between the transfer of the contracted goods and services and their related payment exceeds one year. As a consequence, the CIC does not adjust any of the transaction prices for the time value of money.

  Tangible fixed assets depreciation policy

  Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is provided on the following basis: Long-term leasehold property - Straight line over the lease term The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  Other accounting policies

  Debtors Debtors are initially measured at transaction price (i.e fair value) and subsequently held, at transaction price less provision for impairment of assets. Cash and cash equivalents Cash balances are reported as being financial instruments classified as short term receivables and are represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours and subject to an insignificant risk of changes in value. Cash balances are held at floating interest rates linked to UK bank rates. Creditors Creditors, including non-interest bearing loans that are repayable on demand, are initially measured and subsequently held at transaction price (i.e fair value). Equity Ordinary share capital, shown in equity, is initially measured and subsequently held at its nominal value.

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 2. Employees

  	2024
  Average number of employees during the period	0