REGISTERED NUMBER: 03371424 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

CLOSE CONNECTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

N Hawker

P Hawker

T Hawker

L Harris

H Smith

SECRETARY:

N Hawker

REGISTERED OFFICE:

34 Northill Road

Cople

Bedford

Bedfordshire

MK44 3TU

REGISTERED NUMBER:

03371424 (England and Wales)

ACCOUNTANTS:

Baker Noel

Cheribourne House

45A Station Road

Willington

Bedford

Bedfordshire

MK44 3QL

FIXED ASSETS

Investment property

4

1,794,999

1,065,253

CURRENT ASSETS

Cash at bank

299,487

33,876

CREDITORS

Amounts falling due within one year

5

306,038

283,730

NET CURRENT LIABILITIES

(6,551

)

(249,854

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,788,448

815,399

PROVISIONS FOR LIABILITIES

109,569

-

NET ASSETS

1,678,879

815,399

CAPITAL AND RESERVES

Called up share capital

1,610

1,610

Share premium

159,390

159,390

Non-distributable reserve

6

743,616

-

Retained earnings

774,263

654,399

1,678,879

815,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

N Hawker - Director

1.	STATUTORY INFORMATION

Close Connections Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 June 2025 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1 July 2023.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents receipts in the form of rental income from investment properties.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

1,065,253

Disposals

(123,439

)

Revaluations

853,185

At 30 June 2025

1,794,999

NET BOOK VALUE

At 30 June 2025

1,794,999

At 30 June 2024

1,065,253

Fair value at 30 June 2025 is represented by:

£

Valuation in 2025

853,185

Cost

941,814

1,794,999

Investment property has been revalued by the directors based on the market values.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Taxation and social security

22,164

-

Other creditors

283,874

283,730

306,038

283,730

Other creditors includes £44,162 (2024: £45,039) owed to an entity under common control. No interest has been charged on the loan and it is repayable on demand.

6.

RESERVES

Non-distributable

reserve

£

Revaluation

853,185

Deferred tax on revaluation

(109,569

)

At 30 June 2025

743,616

7.	FIRST YEAR ADOPTION

During the year ended 30th June 2025 the company transitioned from FRS 105 to FRS 102 (1A) .

FRS 102 requires investment properties to be measured at fair value, with gains and losses recognised in profit or loss.

Investment property was revalued at 30th June 2025 in line with market values, however this information was not available at 30th June 2024 and therefore no transition adjustment has been made.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Close Connections Limited for the year ended 30 June 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Close Connections Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Close Connections Limited and state those matters that we have agreed to state to the Board of Directors of Close Connections Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Close Connections Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Close Connections Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Close Connections Limited. You consider that Close Connections Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Close Connections Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Baker Noel

Cheribourne House

45A Station Road

Willington

Bedford

Bedfordshire

MK44 3QL

9 December 2025