COMPANY REGISTRATION NUMBER:
13720744
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 December 2025
Fixed assets
|
Investments |
4 |
|
254,480 |
229,480 |
|
|
|
|
|
Current assets
|
Cash at bank and in hand |
1,527 |
|
795 |
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
68,801 |
|
67,986 |
|
------- |
|
------- |
|
Net current liabilities |
|
67,274 |
67,191 |
|
|
-------- |
-------- |
|
Total assets less current liabilities |
|
187,206 |
162,289 |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year |
6 |
|
152,673 |
152,974 |
|
|
|
|
|
|
Accruals and deferred income |
|
1,092 |
1,014 |
|
|
-------- |
-------- |
|
Net assets |
|
27,462 |
7,099 |
|
|
-------- |
-------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
7 |
|
100 |
100 |
|
Non distributable reserve |
|
35,015 |
14,765 |
|
Profit and loss account |
|
(
7,653) |
(
7,766) |
|
|
------- |
------- |
|
Shareholders funds |
|
27,462 |
7,099 |
|
|
------- |
------- |
|
|
|
|
|
These 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 statement of comprehensive income has not been delivered.
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The 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 Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
|
31 December 2025
These financial statements were approved by the
board of directors
and authorised for issue on
28 April 2026
, and are signed on behalf of the board by:
Company registration number:
13720744
|
Notes to the Financial Statements |
|
Year ended 31 December 2025
1.
General information
The company is a private company limited by shares, registered and trading in England and Wales with company number
13720744
. The address of the registered office is 20 Manor Estate. Wolston, Coventry, West Midlands, England, C8 3GY.
2.
Statement of compliance
The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102') and Companies Act 2006.
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 company and rounded to the nearest £.
Judgements and key sources of estimation uncertainty
In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received for rent.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand and trade and other debtors. These are initially recorded at cost on the date they originate, the company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.
4.
Investments
|
Investment property |
|
£ |
|
Cost |
|
|
At 1 January 2025 |
229,480 |
|
Revaluations |
25,000 |
|
-------- |
|
At 31 December 2025 |
254,480 |
|
-------- |
|
Impairment |
|
|
At 1 January 2025 and 31 December 2025 |
– |
|
-------- |
|
|
|
Carrying amount |
|
|
At 31 December 2025 |
254,480 |
|
-------- |
|
At 31 December 2024 |
229,480 |
|
-------- |
|
|
The investment property was purchased on 31st March 2022. The fair value of the property at 31st December 2025 has been arrived at on the basis of a valuation agreed on by an external valuer. The valuation was arrived at by reference to market evidence of transactions prices for similar properties in its location.
The historic cost of the investment property was £204,480 (2024:£204,480).
5.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Other creditors |
68,801 |
67,986 |
|
------- |
------- |
|
|
|
6.
Creditors:
amounts falling due after more than one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans and overdrafts |
152,673 |
152,974 |
|
-------- |
-------- |
|
|
|
7.
Called up share capital
Issued, called up and fully paid
|
2025 |
2024 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
100 |
100 |
100 |
100 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
8.
Fair value reserve
The following movements on the fair value reserve are included within non distributable reserve in the statement of changes in equity:
|
2025 |
2024 |
|
£ |
£ |
|
At start of year |
14,765 |
– |
|
Reclassification from fair value reserve to profit and loss account |
20,250 |
14,765 |
|
------- |
------- |
|
At end of year |
35,015 |
14,765 |
|
------- |
------- |
|
|
|
9.
Directors' advances, credits and guarantees
At the reporting date the directors loan account was in credit by £68,801 (2024:£67,986). There is no fixed term for repayment and no interest is charged.