ACCOUNTS - Final Accounts

164-182 Oxford Street

Independent auditors

Chartered Accountants & Statutory Auditors

1st Floor, Sackville House

143-149 Fenchurch Street

Statement of Changes in Equity

Notes to the Financial Statements

Creditors: amounts falling due within one year

Net current liabilities

Total assets less current liabilities

Creditors: amounts falling due after more than one year

Capital and reserves

Allotted, called up and fully paid share capital

Profit and loss account

Equity shareholder's funds

Called up share capital

Profit and loss account

Profit for the period (as restated)

Shares issued during the period

Profit for the period

The notes on pages 3 to 7 form part of these financial statements.

Basis of preparation of financial statements

Statement of Cash Flows

Associates and Joint Ventures

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.
Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.
If there is an decrease in the impairment loss arising from an event occuring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the Statement of Comprehensive Income.
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price.
Such assets are subsequently carried at fair value and the changes in fair value are recognised in the Statement of Comprehensive Income, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables and loans from shareholder companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual

obligation is discharged, cancelled or expires.
Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is an enforceable right to set off the recognised amounts and there is and intention to settle on a net basis or to realise the asset and settle to liability simultaneously.

Fixed asset investments

Investments in joint ventures

At 1 October 2023 and 31 March 2025

Creditors: Amounts falling due within one year

Accruals and deferred income

Creditors: Amounts falling due after more than one year

Amounts owed to group undertakings

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

Repayable other than by instalments

Related party transactions

The Company has taken advantage of Section 33.1A of Financial Reporting Standard 102 in not disclosing transactions between wholly-owned members of a group.
During the period ended 31 March 2025, The Company entered into related party transactions with a joint venture party. Transactions during the prior period amounted to £155,977, as at 31 March 2025 the full amount is outstanding and owed to the Company.

Restatment of prior year comparatives

Original as at 30 September 2023

Restated as at 30 September 2023

Interest payable and similar expenses

Called up share capital not paid

Accruals and deferred income

Amounts owed to group undertakings

Auditors' information