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Registration number: 10930715

Prepared for the registrar
Felix Investment Management Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 August 2025

Felix Investment Management Limited

(Registration number: 10930715)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 308 | 411
Investment property | 5 | 2,110,000 | 2,060,000
|  | 2,110,308 | 2,060,411
Current assets |  |  |
Debtors | 6 | 5,584 | 101
Cash at bank and in hand |  | 3,121 | 3,578
|  | 8,705 | 3,679
Creditors: Amounts falling due within one year | 7 | (1,324,363) | (1,341,311)
Net current liabilities |  | (1,315,658) | (1,337,632)
Total assets less current liabilities |  | 794,650 | 722,779
Creditors: Amounts falling due after more than one year | 7 | (697,723) | (700,167)
Deferred tax liabilities |  | (34,821) | (22,321)
Net assets |  | 62,106 | 291
Capital and reserves |  |  |
Called up share capital |  | 101 | 101
Revaluation reserve |  | 104,462 | 66,962
Retained earnings |  | (42,457) | (66,772)
Shareholders' funds |  | 62,106 | 291

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 February 2026

A S Maber-Jones
Director

Felix Investment Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

| 1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
46 Woodlands Avenue
West Byfleet
KT14 6AW

| 2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Revenue recognition

Turnover comprises the fair value of the rents received or receivable in respect of the investment properties in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% reducing balance

Felix Investment Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

| 3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

| 4 | Tangible assets

Felix Investment Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

| Furniture, fittings and equipment £
Cost or valuation
At 1 September 2024 | 1,450
At 31 August 2025 | 1,450
Depreciation
At 1 September 2024 | 1,039
Charge for the year | 103
At 31 August 2025 | 1,142
Carrying amount
At 31 August 2025 | 308
At 31 August 2024 | 411

| 5 | Investment properties

| 2025 £
At 1 September 2024 and at 31 August 2025 | 2,060,000
Fair value adjustments | 50,000
At 31 August 2025 | 2,110,000

At 31 August 2025, the investment properties were valued on an open market basis by the directors.

There has been no valuation of investment property by an independent valuer.
The original cost of the properties held as at 31 August 2025 was £1,970,716 (2024: £1,970,716).

| 6 | Debtors

| 2025 £ | 2024 £
Other debtors | 101 | 101
Prepayments | 5,483 | -
| 5,584 | 101

Felix Investment Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

| 7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 1,301,783 | 1,312,614
Taxation and social security |  | 2,183 | -
Accruals and deferred income |  | 3,830 | 3,571
Other creditors |  | 16,567 | 25,126
|  | 1,324,363 | 1,341,311

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 697,723 | 700,167

| 8 | Loans and borrowings

| Note | 2025 £ | 2024 £
Current loans and borrowings
Bank borrowings |  | 9,167 | 10,000
Other borrowings | 9 | 1,292,616 | 1,302,614
|  | 1,301,783 | 1,312,614

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 697,723 | 700,167

The bank borrowings are secured on the investment properties.

| 9 | Related party transactions

Summary of transactions with other related parties

At 31 August 2025 the company owed £1,292,616 (2024: £1,302,614) to the directors in the form of a director's loan account. There was no Interest charged on this balance and there are no fixed repayment terms.