Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 December 2025

And signed on behalf of the board by:
Name: Ms E M Moreau
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2025

Balance sheet

As at 31 March 2025

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Rental income receivable from investment property rented under operating leases is recognised through the Income Statement on a straight-line basis over the term of the lease. Rental income excludes other costs directly recoverable from tenants. Where a rent-free period is included in a lease, the rental income foregone is allocated evenly over the period from the date of lease commencement to the termination date. Income arising from expenses recharged to tenants is recognised in the period in which compensation becomes receivable.

  Valuation information and policy

  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.

  Other accounting policies

  Basis of preparing the financial statements The financial statements have been prepared under the historical cost convention, as modified by the revaluation of investment property. Going concern The Directors have performed a going concern assessment of the Company and the group. As part of this assessment, they have considered the residual term of the loan facility, loan covenant compliance, tenancy agreements in place and group cash flows for a period of 12 months from the reporting date. The repayment date of the bank loan is 18 December 2025. Terms have been agreed with a new lender to provide a loan for a term of 12 months to facilitate the repayment of the existing loan. Though the Company is in a net liability position, the Directors have a reasonable expectation that the Company will be able to obtain financial support from its ultimate parent Company, that the ultimate parent has adequate resources to provide that support and therefore it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not reflect any adjustments that would have to be made should this not be the case. Financial instruments All interest bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of the cash payable to the lender (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method less impairment. The effective interest rate method amortisation is included in interest payable and similar expenses in the Income Statement. 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 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. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and in hand and short-term deposits with an original maturity date of three months or less. Short-term debtors and creditors Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement in administrative expenses. Borrowing costs Borrowing costs relating to financial instruments with a term of more than one year are capitalised and amortised over the life of the loan. Costs relating to financial instruments payable within one year are recognised in the Income Statement when incurred.

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	0	0