Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

J Kalifa
J C Kalifa

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 November 2025

And signed on behalf of the board by:
Name: J Kalifa
Status: Secretary

Profit And Loss Account

for the Period Ended 31 December 2024

	2024	2023
	£	£
Turnover:		13,600,886
Gross profit(or loss):		13,600,886
Administrative expenses:	( 1,219,939 )	( 1,220,426 )
Operating profit(or loss):	(1,219,939)	12,380,460
Interest receivable and similar income:	628,016	240,803
Interest payable and similar charges:	( 14,672 )	( 33,491 )
Profit(or loss) before tax:	(606,595)	12,587,772
Tax:		( 1,685,523 )
Profit(or loss) for the financial year:	(606,595)	10,902,249

Balance sheet

As at 31 December 2024

	Notes	2024	2023
		£	£
Fixed assets
Tangible assets:	3	2,965	251
Investments:	4	12,162,217	13,277,770
Total fixed assets:		12,165,182	13,278,021
Current assets
Debtors:	5	26,104,717	16,653,151
Cash at bank and in hand:		16,025,544	12,998,169
Total current assets:		42,130,261	29,651,320
Creditors: amounts falling due within one year:	6	( 21,078,223 )	( 9,980,783 )
Net current assets (liabilities):		21,052,038	19,670,537
Total assets less current liabilities:		33,217,220	32,948,558
Provision for liabilities:		( 163,632 )	( 163,632 )
Total net assets (liabilities):		33,053,588	32,784,926
Capital and reserves
Called up share capital:		102	102
Profit and loss account:		33,053,486	32,784,824
Total Shareholders' funds:		33,053,588	32,784,926

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover comprises revenue recognised by the company in respect of services supplied

  Tangible fixed assets depreciation policy

  basis of depreciation; method; rates.

  Valuation information and policy

  investment property; and investments carried at fair value.

  Other accounting policies

  foreign currency; leases; government grants; taxation; pensions; financial instruments; provisions; basis of consolidation; interest income/costs.

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 2. Employees

  	2024	2023
  Average number of employees during the period	3	5