COMPANY REGISTRATION NUMBER:
08796293
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 March 2026
Fixed assets
|
Tangible assets |
5 |
|
1,168,768 |
1,076,198 |
|
|
|
|
|
Current assets
|
Debtors |
6 |
– |
|
90,035 |
|
Cash at bank and in hand |
9,054 |
|
18,912 |
|
------- |
|
--------- |
|
9,054 |
|
108,947 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
1,050,362 |
|
1,057,104 |
|
------------ |
|
------------ |
|
Net current liabilities |
|
1,041,308 |
948,157 |
|
|
------------ |
------------ |
|
Total assets less current liabilities |
|
127,460 |
128,041 |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
|
43,523 |
49,056 |
|
|
--------- |
--------- |
|
Net assets |
|
83,937 |
78,985 |
|
|
--------- |
--------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
2 |
2 |
|
Profit and loss account |
|
83,935 |
78,983 |
|
|
-------- |
-------- |
|
Shareholders funds |
|
83,937 |
78,985 |
|
|
-------- |
-------- |
|
|
|
|
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 income and retained earnings has not been delivered.
For the year ending 31 March 2026 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 March 2026
These financial statements were approved by the
board of directors
and authorised for issue on
30 April 2026
, and are signed on behalf of the board by:
Company registration number:
08796293
|
Notes to the Financial Statements |
|
Year ended 31 March 2026
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22 Heath Road, Potters Bar, Herts, EN6 1LW, England.
2.
Statement of compliance
These 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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances
.
Revenue recognition
The turnover represents rents receivable during the year.
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.
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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2025:
2
).
5.
Tangible assets
|
Freehold property |
Long leasehold property |
Total |
|
£ |
£ |
£ |
|
Cost |
|
|
|
|
At 1 April 2025 |
458,481 |
617,717 |
1,076,198 |
|
Additions |
– |
92,570 |
92,570 |
|
--------- |
--------- |
------------ |
|
At 31 March 2026 |
458,481 |
710,287 |
1,168,768 |
|
--------- |
--------- |
------------ |
|
Depreciation |
|
|
|
|
At 1 April 2025 and 31 March 2026 |
– |
– |
– |
|
--------- |
--------- |
------------ |
|
Carrying amount |
|
|
|
|
At 31 March 2026 |
458,481 |
710,287 |
1,168,768 |
|
--------- |
--------- |
------------ |
|
At 31 March 2025 |
458,481 |
617,717 |
1,076,198 |
|
--------- |
--------- |
------------ |
|
|
|
|
Tangible assets held at valuation
The directors consider that no revaluation of the land and buildings are necessary as the market value of the property is not materially different from the value stated in the accounts.
6.
Debtors
|
2026 |
2025 |
|
£ |
£ |
|
Other debtors |
– |
90,035 |
|
---- |
-------- |
|
|
|
Other debtors include £87,570 towards a deposit on a property.
7.
Creditors:
amounts falling due within one year
|
2026 |
2025 |
|
£ |
£ |
|
Bank loans and overdrafts |
10,500 |
10,965 |
|
Corporation tax |
1,261 |
3,012 |
|
Social security and other taxes |
– |
717 |
|
Other creditors |
|
|
|
Other creditors |
14,050 |
14,666 |
|
------------ |
------------ |
|
1,050,362 |
1,057,104 |
|
------------ |
------------ |
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
2026 |
2025 |
|
£ |
£ |
|
Bank loans and overdrafts |
43,523 |
49,056 |
|
-------- |
-------- |
|
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|