COMPANY REGISTRATION NUMBER:
13296069
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
|
STATEMENT OF FINANCIAL POSITION |
|
31 March 2025
FIXED ASSETS
|
Tangible assets |
4 |
185,073 |
183,673 |
|
|
|
|
CURRENT ASSETS
|
Debtors |
5 |
4,175 |
4,560 |
|
Cash at bank and in hand |
1 |
128 |
|
------- |
------- |
|
4,176 |
4,688 |
|
|
|
|
|
CREDITORS: amounts falling due within one year |
6 |
3,257 |
3,349 |
|
------- |
------- |
|
NET CURRENT ASSETS |
919 |
1,339 |
|
---------- |
---------- |
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
185,992 |
185,012 |
|
|
|
|
|
CREDITORS: amounts falling due after more than one year |
7 |
189,831 |
185,242 |
|
---------- |
---------- |
|
NET LIABILITIES |
(
3,839) |
(
230) |
|
---------- |
---------- |
|
|
|
|
CAPITAL AND RESERVES
|
Called up share capital |
2 |
2 |
|
Profit and loss account |
(
3,841) |
(
232) |
|
------- |
---- |
|
SHAREHOLDERS DEFICIT |
(
3,839) |
(
230) |
|
------- |
---- |
|
|
|
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 statement of income and retained earnings 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
.
|
STATEMENT OF FINANCIAL POSITION (continued) |
|
31 March 2025
These financial statements were approved by the
board of directors
and authorised for issue on
23 December 2025
, and are signed on behalf of the board by:
Company registration number:
13296069
|
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 Flat 8, Norfolk House, 34 Upper Park Road, M7 4GZ, England.
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 certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
Judgements made by the directors, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are discussed below: The company's investment properties are valued by the directors. The valuation of investment properties is inherently subjective, depending on many factors, including the individual nature of each property, its location and expected future net rental values, market yields and comparable market transactions. Therefore the valuations are subject to a degree of uncertainty and are made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
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. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy).
4.
TANGIBLE ASSETS
|
Investment Property |
|
£ |
|
Cost |
|
|
At 1 April 2024 |
183,673 |
|
Additions |
1,400 |
|
---------- |
|
At 31 March 2025 |
185,073 |
|
---------- |
|
Carrying amount |
|
|
At 31 March 2025 |
185,073 |
|
---------- |
|
At 31 March 2024 |
183,673 |
|
---------- |
|
|
5.
DEBTORS
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
4,175 |
4,560 |
|
------- |
------- |
|
|
|
6.
CREDITORS:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans and overdrafts |
3,257 |
3,349 |
|
------- |
------- |
|
|
|
7.
CREDITORS:
amounts falling due after more than one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans and overdrafts |
131,973 |
133,964 |
|
Other creditors |
57,858 |
51,278 |
|
---------- |
---------- |
|
189,831 |
185,242 |
|
---------- |
---------- |
|
|
|
8.
RELATED PARTY TRANSACTIONS
Other creditors includes interest-free loans due to
related parties
of £ 57,858
(2024: £51,278).