Razor Investments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04405969

Razor Investments Limited

Unaudited financial statements

31 March 2025

Razor Investments Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5	10,431,638	10,434,826
Investments	6	100	100
		------------	------------
		10,431,738	10,434,926

Current assets

Debtors	7	1,199,160	929,398
Cash at bank and in hand		20,384	127,763
		-----------	-----------
		1,219,544	1,057,161

Creditors: Amounts falling due within one year	8	( 372,543)		( 336,037)
		-----------		-----------
Net current assets			847,001		721,124
			------------		------------
Total assets less current liabilities			11,278,739		11,156,050

Creditors: Amounts falling due after more than one year	9		( 5,445,440)		( 5,449,661)

Provisions

Taxation including deferred tax	( 1,011,049)	( 1,012,165)
	------------	------------
Net assets	4,822,250	4,694,224
	------------	------------

Capital and reserves

Called up share capital		100	100
Profit and loss account	11	4,822,150	4,694,124
		-----------	-----------
Shareholders funds		4,822,250	4,694,224
		-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Razor Investments Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 8 December 2025 , and are signed on behalf of the board by:

D Huxley

Director

Company registration number: 04405969

Razor Investments Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 78A High Street, Wimbledon, London, SW19 5EG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment properties measured at fair value through profit or loss.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The estimates and assumptions that management has made that have a significant effect on the amounts recognised in the financial statements are as follows: (i) Freehold investment property valuation Valuation of freehold investment properties is undertaken by the directors based on the open market value of like properties in the same area of London. Consideration is also given to regional rental yields in comparison to that obtained by the company.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered and rents due from tenants, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Freehold investment property is carried at valuation with gains and losses in valuation recognised through profit or loss. Freehold investment property is not depreciated.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	33% straight line
Fixtures and fittings	-	33% straight line
Motor vehicles	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date.

4. Employee numbers

The average number of employees during the year was 3 (2024: 3 ).

5. Tangible assets

	Freehold investment property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost/valuation
At 1 April 2024	10,431,638	25,820	3,870	5,285	10,466,613
Disposals	–	( 4,250)	–	–	( 4,250)
	------------	-------	------	------	------------
At 31 March 2025	10,431,638	21,570	3,870	5,285	10,462,363
	------------	-------	------	------	------------
Depreciation
At 1 April 2024	–	22,632	3,870	5,285	31,787
Disposals	–	( 1,062)	–	–	( 1,062)
	------------	-------	------	------	------------
At 31 March 2025	–	21,570	3,870	5,285	30,725
	------------	-------	------	------	------------
Carrying amount
At 31 March 2025	10,431,638	–	–	–	10,431,638
	------------	-------	------	------	------------
At 31 March 2024	10,431,638	3,188	–	–	10,434,826
	------------	-------	------	------	------------

Tangible assets held at valuation

The freehold investment properties have been valued by the directors at their open market value.

6. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	100
	----
Impairment
At 1 April 2024 and 31 March 2025	–
	----

Carrying amount
At 31 March 2025	100
	----
At 31 March 2024	100
	----

The investment represents 100% of the issued share capital of Leander Property Investments Limited, a company registered in England.

7. Debtors

	2025	2024
	£	£
Trade debtors	11,188	4,360
Prepayments and accrued income	4,750	5,173
Directors loan account	–	190,536
Other debtors	1,183,222	729,329
	-----------	---------
	1,199,160	929,398
	-----------	---------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	4,148	4,148
Trade creditors	6,376	312
Accruals and deferred income	55,568	26,328
Corporation tax	43,366	17,850
Social security and other taxes	888	938
Other creditors	262,197	286,461
	---------	---------
	372,543	336,037
	---------	---------

Included within creditors: amounts falling due within one year, is £4,148 (2024: £4,148) in relation to unsecured bank loans.

9. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	5,445,440	5,449,661
	-----------	-----------

Included within creditors: amounts falling due after more than one year, is an amount of £19,423 (2024: £23,644) in relation to unsecured bank loans.

Included within creditors: amounts falling due after more than one year is an amount of £5,426,017 (2024: £5,426,017) in respect of bank loans secured on the company's freehold investment properties. Included within this is an amount falling due after more than five years of £2,304,703 (2024: £2,304,703).

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	1,011,049	1,012,165
	-----------	-----------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	–	1,116
Revaluation of tangible assets	1,011,049	1,011,049
	-----------	-----------
	1,011,049	1,012,165
	-----------	-----------

Deferred tax on the revalued freehold investment properties has been provided at 25% (2024 - 25%). This is the enacted tax rate expected to apply at the date of future disposals.

11. Reserves

Profit and loss account only - This reserve records retained earnings and accumulated losses. Within this reserve are cumulative unrealised gains on the company's investment property shown at market value of £5,671,841 (2024: £5,671,841) together with a provision for tax that would arise should they be disposed of at their carrying value of £1,011,049 (2024: £1,011,049).

12. Directors' advances, credits and guarantees

The company operated interest free director's loan accounts with the directors during the year:

		2025	2024
		£	£

Mr D Huxley:

Amount owed from director	–	181,326
Maximum amount outstanding to the company during the year	307,626	244,299

Mrs K Huxley:

Amount owed from director	–	9,210
Maximum amount outstanding to the company during the year	105,710	9,210