Contents of the Financial Statements

for the Period Ended 31 March 2024

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

Directors' report period ended 31 March 2024

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

Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

John Clark
Philip Kehoe
Jose Sumionato

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
7 May 2026

And signed on behalf of the board by:
Name: Jose Sumionato
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2024

	2024	2023
	£	£
Turnover:	4,275,000	4,838,000
Cost of sales:	( 5,876,348 )	( 5,331,691 )
Gross profit(or loss):	(1,601,348)	(493,691)
Administrative expenses:	( 185,527 )	( 121,654 )
Operating profit(or loss):	(1,786,875)	(615,345)
Interest payable and similar charges:	( 1,489,907 )	( 265,621 )
Profit(or loss) before tax:	(3,276,782)	(880,966)
Tax:	85,651	( 79,479 )
Profit(or loss) for the financial year:	(3,191,131)	(960,445)

Balance sheet

As at 31 March 2024

	Notes	2024	2023
		£	£
Fixed assets
Investments:	3	1,000,000	1,000,000
Total fixed assets:		1,000,000	1,000,000
Current assets
Stocks:	4	10,636,862	15,114,428
Debtors:	5	138,065	119,301
Cash at bank and in hand:		59	713
Total current assets:		10,774,986	15,234,442
Creditors: amounts falling due within one year:	6	( 16,176,281 )	( 17,444,606 )
Net current assets (liabilities):		(5,401,295)	(2,210,164)
Total assets less current liabilities:		(4,401,295)	( 1,210,164)
Total net assets (liabilities):		(4,401,295)	(1,210,164)
Capital and reserves
Called up share capital:		1	1
Profit and loss account:		(4,401,296 )	(1,210,165 )
Total Shareholders' funds:		( 4,401,295 )	(1,210,164)

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 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 March 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Turnover policy

  Revenue from the property sales is recognised when exchange of contracts has taken place.

  Other accounting policies

  Accounting convention Going concern Investment properties Stock Cash at bank and in hand Financial instruments Taxation

Notes to the Financial Statements

for the Period Ended 31 March 2024

• 2. Employees

  	2024	2023
  Average number of employees during the period	0	0