COMPANY REGISTRATION NUMBER:
04847129
|
Filleted Unaudited Abridged Financial Statements |
|
|
Abridged Statement of Financial Position |
|
31 July 2025
Fixed assets
|
Tangible assets |
5 |
|
8,193,376 |
8,187,775 |
|
Investments |
6 |
|
30,270 |
30,270 |
|
|
------------ |
------------ |
|
|
8,223,646 |
8,218,045 |
|
|
|
|
|
Current assets
|
Debtors |
163,491 |
|
163,491 |
|
Cash at bank and in hand |
386,366 |
|
287,349 |
|
--------- |
|
--------- |
|
549,857 |
|
450,840 |
|
|
|
|
|
Creditors: amounts falling due within one year |
361,390 |
|
366,461 |
|
--------- |
|
--------- |
|
Net current assets |
|
188,467 |
84,379 |
|
|
------------ |
------------ |
|
Total assets less current liabilities |
|
8,412,113 |
8,302,424 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
|
3,465,803 |
3,500,855 |
|
|
------------ |
------------ |
|
Net assets |
|
4,946,310 |
4,801,569 |
|
|
------------ |
------------ |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
1 |
1 |
|
Revaluation reserve |
|
3,450,000 |
3,450,000 |
|
Profit and loss account |
|
1,496,309 |
1,351,568 |
|
|
------------ |
------------ |
|
Shareholders funds |
|
4,946,310 |
4,801,569 |
|
|
------------ |
------------ |
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 July 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 abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
|
Abridged Statement of Financial Position (continued) |
|
31 July 2025
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 July 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
22 April 2026
, and are signed on behalf of the board by:
Company registration number:
04847129
|
Notes to the Abridged Financial Statements |
|
Year ended 31 July 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Holly View, Hendon, NW4 3SZ.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is the rental income received or receivable stated net of discounts and of Value Added Tax.
Tax
The taxation expense represents the aggregate amount of current recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures & Fittings |
- |
25% reducing balance |
|
Motor Vehicle |
- |
25% reducing balance |
|
|
|
|
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Particulars of employees
The average number of persons employed by the company during the year amounted to Nil
(2024:
2
).
5.
Tangible assets
|
£ |
|
Cost |
|
|
At 1 August 2024 |
8,235,173 |
|
Additions |
14,047 |
|
------------ |
|
At 31 July 2025 |
8,249,220 |
|
------------ |
|
Depreciation |
|
|
At 1 August 2024 |
47,398 |
|
Charge for the year |
8,446 |
|
------------ |
|
At 31 July 2025 |
55,844 |
|
------------ |
|
Carrying amount |
|
|
At 31 July 2025 |
8,193,376 |
|
------------ |
|
At 31 July 2024 |
8,187,775 |
|
------------ |
|
|
6.
Investments
|
£ |
|
Cost |
|
|
At 1 August 2024 and 31 July 2025 |
30,270 |
|
-------- |
|
Impairment |
|
|
At 1 August 2024 and 31 July 2025 |
– |
|
-------- |
|
Carrying amount |
|
|
At 31 July 2025 |
30,270 |
|
-------- |
|
At 31 July 2024 |
30,270 |
|
-------- |
|
|
7.
Director's advances, credits and guarantees
At the year end the company owed
Mr F El-Gamal
£269,520 (2024: £279,992) in non-interest bearing loans.