COMPANY REGISTRATION NUMBER:
12886071
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
30 September 2025
Fixed assets
|
Tangible assets |
4 |
875,124 |
875,124 |
|
|
|
|
Current assets
|
Debtors |
5 |
475 |
6,736 |
|
Cash at bank and in hand |
35 |
5,590 |
|
---- |
-------- |
|
510 |
12,326 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
267,363 |
285,837 |
|
--------- |
--------- |
|
Net current liabilities |
266,853 |
273,511 |
|
--------- |
--------- |
|
Total assets less current liabilities |
608,271 |
601,613 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
7 |
591,600 |
591,600 |
|
--------- |
--------- |
|
Net assets |
16,671 |
10,013 |
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
100 |
100 |
|
Profit and loss account |
16,571 |
9,913 |
|
-------- |
-------- |
|
Shareholders funds |
16,671 |
10,013 |
|
-------- |
-------- |
|
|
|
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 30 September 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) |
|
30 September 2025
These financial statements were approved by the
board of directors
and authorised for issue on
5 May 2026
, and are signed on behalf of the board by:
Company registration number:
12886071
|
Notes to the Financial Statements |
|
Year ended 30 September 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 14 Queensmead Avenue, Epson, KT17 3EQ, United Kingdom.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of rents receivable. Revenue is recognised in the accounting period in which the company obtains the right to consideration in exchange for its services.
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.
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.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are 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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Tangible assets
|
Investment properties |
|
£ |
|
Cost |
|
|
At 1 October 2024 and 30 September 2025 |
875,124 |
|
--------- |
|
Depreciation |
|
|
At 1 October 2024 and 30 September 2025 |
– |
|
--------- |
|
Carrying amount |
|
|
At 30 September 2025 |
875,124 |
|
--------- |
|
At 30 September 2024 |
875,124 |
|
--------- |
|
|
The director considers that the investment properties are disclosed at their fair value.
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
475 |
6,736 |
|
---- |
------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Corporation tax |
2,324 |
1,327 |
|
Other creditors |
265,039 |
284,510 |
|
--------- |
--------- |
|
267,363 |
285,837 |
|
--------- |
--------- |
|
|
|
7.
Creditors:
amounts falling due after more than one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans and overdrafts |
591,600 |
591,600 |
|
--------- |
--------- |
|
|
|
Included within creditors: amounts falling due after more than one year is an amount of £591,600 (2024: £591,600) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
Paragon Bank PlC hold a legal charge secured on the ground floor leasehold flats 60 Ashbourne Road, Mitcham, created on 3 March 2021 and 61 Edenvale Road, Mitcham, created on 10 March 2021.
8.
Directors' advances, credits and guarantees
At the balance sheet date the directors were owed £30 (2024: £6,267) by the company.
9.
Related party transactions
During the year the company received an interest free loan repayable on demand from a related party. The amount outstanding at the balance sheet date was £260,733 (2024: £280,990).