Company No: 08371944 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	2,234		2,979
Investment property	4	1,500,000		1,500,000
		1,502,234		1,502,979
Current assets
Debtors	5	30,059		26,286
Cash at bank and in hand		45,634		67,464
		75,693		93,750
Creditors: amounts falling due within one year	6	( 89,350)		( 87,363)
Net current (liabilities)/assets		(13,657)		6,387
Total assets less current liabilities		1,488,577		1,509,366
Creditors: amounts falling due after more than one year	7	( 29,072)		( 138,743)
Provision for liabilities	8	( 120,456)		( 120,642)
Net assets		1,339,049		1,249,981
Capital and reserves
Called-up share capital		11,000		11,000
Profit and loss account		1,328,049		1,238,981
Total shareholders' funds		1,339,049		1,249,981

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Attleborough Industrial Property Ltd (registered number: 08371944) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

K R West Director

01 December 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Attleborough Industrial Property Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Borough Farm, Burgh Common, Attleborough, NR17 1QF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Rental income from operating leases is credited to the Income Statement on a straight line basis over the term of the relevant lease.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery

25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Plant and machinery		Total
	£		£
Cost
At 01 April 2024	19,026		19,026
At 31 March 2025	19,026		19,026
Accumulated depreciation
At 01 April 2024	16,047		16,047
Charge for the financial year	745		745
At 31 March 2025	16,792		16,792
Net book value
At 31 March 2025	2,234		2,234
At 31 March 2024	2,979		2,979

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	1,500,000
As at 31 March 2025	1,500,000

The 2025 valuations were made by the directors, on an open market value for existing use basis.

The directors have concluded that no change in valuation is required for the year ending 31 March 2025, following discussions with professionals and as based on the valuation completed by a chartered surveyor in 2023.

5. Debtors

	2025		2024
	£		£
Trade debtors	30,059		26,286

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	2,941		421
Amounts owed to connected persons	17,240		17,500
Amounts owed to directors	32,431		32,500
Accruals	2,470		2,350
Corporation tax	27,199		28,800
Other taxation and social security	7,069		5,792
	89,350		87,363

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Amounts owed to connected persons	7,050		46,390
Amounts owed to directors	22,022		92,353
	29,072		138,743

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 120,642)		( 121,937)
Credited to the Income Statement	186		1,295
At the end of financial year	( 120,456)		( 120,642)

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Accelerated capital allowances	( 559)		( 745)
Capital Gains	( 119,897)		( 119,897)
	( 120,456)		( 120,642)

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
K R West	37,781		81,781
I E West	4,931		14,831
J A Childerhouse	11,741		28,241

Management fees totalling £17,250 (2024: £17,250) were charged to the Company by K R West, director and 40% shareholder of the Company.