Balance sheet continued

As at 30 November 2025

For the year ending 30 November 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 30 November 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 the amounts received by the Company in respect of rent receivable. The turnover and pre-tax profit is entirely attributable to the principal activity of the Company

  Tangible fixed assets depreciation policy

  Depreciation of Freehold Property- Schedule 4(32) of the Companies Act 1985 requires depreciation to be provided on any fixed assets (including freehold property) having a limited useful economic life (in accordance with the provision of Statement of Standard Accounting Practice 12). For the over-riding purpose of giving a true and fair view the Company's properties have not been depreciated but have been revalued in accordance with Statement of Standard Accounting Practice 19.