Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

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
31 March 2024 to 31 March 2025

Anthony David Holt
Albany Directors Limited
Argonaut (Guernsey) Limited

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
30 December 2025

And signed on behalf of the board by:
Name: Albany Directors Limited
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2025

	2025	2024
	£	£
Turnover:	572,080	525,642
Cost of sales:	( 49,779 )	( 54,701 )
Gross profit(or loss):	522,301	470,941
Distribution costs:	0	0
Administrative expenses:	( 406,123 )	( 334,370 )
Other operating income:	0	0
Operating profit(or loss):	116,178	136,571
Interest receivable and similar income:	40,548	39,388
Interest payable and similar charges:	( 626,441 )	( 645,431 )
Profit(or loss) before tax:	(469,715)	(469,472)
Tax:	241,679	( 32,686 )
Profit(or loss) for the financial year:	(228,036)	(502,158)

Balance sheet

As at 31 March 2025

	Notes	2025	2024
		£	£
Called up share capital not paid:		0	0
Fixed assets
Intangible assets:		0	0
Tangible assets:	3	16,520,000	18,210,000
Investments:		0	0
Total fixed assets:		16,520,000	18,210,000
Current assets
Stocks:		0	0
Debtors:	4	76,852	114,246
Cash at bank and in hand:		260,379	35,190
Investments:	5	500,000	779,450
Total current assets:		837,231	928,886
Prepayments and accrued income:		0	0
Creditors: amounts falling due within one year:	6	( 17,668,949 )	( 17,290,889 )
Net current assets (liabilities):		(16,831,718)	(16,362,003)
Total assets less current liabilities:		(311,718)	1,847,997
Creditors: amounts falling due after more than one year:	7	( 6,111,044 )	( 6,037,723 )
Provision for liabilities:		0	0
Accruals and deferred income:		0	0
Total net assets (liabilities):		(6,422,762)	(4,189,726)
Capital and reserves
Called up share capital:		1	1
Share premium account:		0	0
Other reserves:		(722,986)	967,014
Profit and loss account:		(5,699,777 )	(5,156,741 )
Total Shareholders' funds:		( 6,422,762 )	(4,189,726)

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

  Turnover represents rental income. Rental income is accounted for on an accruals basis. Rental debtors are shown in trade debtors. Rent received in advance is shown in other creditors.

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	2	2