First Century Investments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08339839

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		16,001,362		16,002,465
Investments	5		2,160		2,160

			16,003,522		16,004,625
CURRENT ASSETS
Debtors	6	371,334		479,733
Cash at bank and in hand		794,018		795,125

		1,165,352		1,274,858
Creditors: Amounts Falling Due Within One Year	7	(135,887 )		(146,287 )

NET CURRENT ASSETS (LIABILITIES)			1,029,465		1,128,571

TOTAL ASSETS LESS CURRENT LIABILITIES			17,032,987		17,133,196

Creditors: Amounts Falling Due After More Than One Year	8		(8,930,000 )		(8,930,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,988,739 )		(1,988,739 )

NET ASSETS			6,114,248		6,214,457

CAPITAL AND RESERVES
Called up share capital	9		100		100
Revaluation reserve	10		5,982,555		5,982,555
Other reserves			82,151		82,151
Profit and Loss Account			49,442		149,651

SHAREHOLDERS' FUNDS			6,114,248		6,214,457

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First Century Investments Limited

Balance Sheet (continued)

As At 31 March 2025

For the 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.

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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr. Alexander Moreton

Director

11/11/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

First Century Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08339839 . The registered office is St Clair's, Sailors Lane, Corhampton, Hampshire, SO32 3LP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Not Depreciated
Plant & Machinery	4 Years Straight Line
Motor Vehicles	4 Years Straight Line
Fixtures & Fittings	4 Years Straight Line

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

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First Century Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 April 2024	16,000,000	16,840	120,821	34,054	16,171,715
Disposals	-	(7,006 )	-	(28,490 )	(35,496 )

As at 31 March 2025	16,000,000	9,834	120,821	5,564	16,136,219

Depreciation
As at 1 April 2024	-	15,737	120,821	32,692	169,250
Provided during the period	-	514	-	589	1,103
Disposals	-	(7,006 )	-	(28,490 )	(35,496 )

As at 31 March 2025	-	9,245	120,821	4,791	134,857

Net Book Value
As at 31 March 2025	16,000,000	589	-	773	16,001,362

As at 1 April 2024	16,000,000	1,103	-	1,362	16,002,465

5. Investments

	Listed
	£
Cost or Valuation
As at 1 April 2024	2,160

As at 31 March 2025	2,160

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	2,160

As at 1 April 2024	2,160

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	70,000
Other debtors	371,334	409,733

	371,334	479,733

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First Century Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1	-
Amounts owed to participating interests	29,469	29,469
Other creditors	2,000	8,863
Taxation and social security	104,417	107,955

	135,887	146,287

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	8,930,000	8,930,000

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Reserves

	Revaluation Reserve
	£
As at 1 April 2024	5,982,555

As at 31 March 2025	5,982,555

11. Related Party Transactions

At the year end £271,334 (2024: £309,733) was owed to the company by the directors. This amount is included in

other debtors and will be cleared within 9 months of the year end via the voting of a dividend.

First Century Management Limited is a related party by virtue of having the same three directors (A J Moreton, J E

Moreton and Mrs K M B Moreton). At the year end, First Century Investments Limited owed First Century Management

Limited £29,469 (2024: £29,469). This amount is included in other creditors.

J E Moreton and Mrs K M B Moreton are also partners in St Clair's Partnership. During the year, management charges

of £96,000 (2024: £96,000) were paid to St Clair's Partnership.

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