Company registration number 11164832 (England and Wales)
54 BISHOPS AVENUE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
54 BISHOPS AVENUE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
54 BISHOPS AVENUE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
3
101,185,462
65,240,988
Debtors
4
3,694,221
3,129,601
Cash at bank and in hand
200,206
483,305
105,079,889
68,853,894
Creditors: amounts falling due within one year
5
(9,161,758)
(7,486,881)
Net current assets
95,918,131
61,367,013
Creditors: amounts falling due after more than one year
6
(104,894,666)
(70,300,174)
Net liabilities
(8,976,535)
(8,933,161)
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
(8,976,537)
(8,933,163)
Total equity
(8,976,535)
(8,933,161)

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 February 2026 and are signed on its behalf by:
A M M Al Tajir
Director
Company registration number 11164832 (England and Wales)
54 BISHOPS AVENUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

54 Bishops Avenue Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Wycombe End, Beaconsfield, Buckinghamshire, HP9 1NB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are p resente d in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company is supported by a development loan from a third party shown at note 6 and loans from its shareholders, shown at note 8. Having secured this development loan to fully fund a large scale property development project and given the shareholders have no intention to withdraw their financial support, the directors believe the company has financial funding available to meet its liabilities for the coming 12 months.

The directors expect the property development project to yield profits when finalised and that the amount recognised in stock for the costs involved in the property development project hold a significantly greater market value.

Based on the above and the directors belief the company will meet its liabilities for the coming 12 months, the financial statements have been prepared on the going concern basis.

1.3
Turnover

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises property held for development and, where applicable, fees and direct costs associated with the purchase of the property, the development of the property and in bringing the property to a saleable position.

Interest and finance costs in respect of borrowings are classified as either general borrowings and expensed to the profit or loss account or specific borrowings and included in the cost of property held for development. Borrowings are classified as specific borrowings at the point that sufficient finance is obtained to complete the associated development project in full. All other borrowings before this point are classified as general borrowings.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

54 BISHOPS AVENUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” to all of its financial instruments.

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.

Basic financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.

1.6
Taxation

The tax expense represents the sum of deferred tax.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Stocks
2025
2024
£
£
Stocks
101,185,462
65,240,988
54 BISHOPS AVENUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
670,004
116,491
Deferred tax asset
2,584,601
2,570,143
3,254,605
2,686,634
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
439,616
442,967
Total debtors
3,694,221
3,129,601
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,890,399
316,134
Other creditors
7,271,359
7,170,747
9,161,758
7,486,881

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Trade creditors
483,600
-
0
Other loan
104,411,066
70,300,174
104,894,666
70,300,174

Other loans above are secured by way of a fixed and floating charge over the property included in stocks.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
54 BISHOPS AVENUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
8
Related party transactions

At balance sheet date, the company owed £5,935,106 (2024 - £5,635,106) to the directors in respect of interest free loans made to the company by the directors.

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