COMPANY REGISTRATION NUMBER:
12358071
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 August 2025
Fixed assets
|
Tangible assets |
4 |
285,075 |
285,075 |
|
|
|
|
Current assets
|
Debtors |
5 |
156 |
148 |
|
Cash at bank and in hand |
16,480 |
35,138 |
|
-------- |
-------- |
|
16,636 |
35,286 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
87,010 |
110,618 |
|
-------- |
--------- |
|
Net current liabilities |
70,374 |
75,332 |
|
--------- |
--------- |
|
Total assets less current liabilities |
214,701 |
209,743 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
7 |
185,690 |
185,690 |
|
--------- |
--------- |
|
Net assets |
29,011 |
24,053 |
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
100 |
100 |
|
Profit and loss account |
28,911 |
23,953 |
|
-------- |
-------- |
|
Shareholders funds |
29,011 |
24,053 |
|
-------- |
-------- |
|
|
|
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 August 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 August 2025
These financial statements were approved by the
board of directors
and authorised for issue on
18 May 2026
, and are signed on behalf of the board by:
Company registration number:
12358071
|
Notes to the Financial Statements |
|
Year ended 31 August 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 7 Redbridge Lane East, Ilford, Essex, IG4 5ET.
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.
Revenue recognition
Turnover represents rental income receivable. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Rental income is recognised on an accrual basis in accordance with the substance of the relevant agreement.
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.
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. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
4.
Tangible assets
|
Freehold property |
|
£ |
|
Cost |
|
|
At 1 September 2024 and 31 August 2025 |
285,075 |
|
--------- |
|
Depreciation |
|
|
At 1 September 2024 and 31 August 2025 |
– |
|
--------- |
|
Carrying amount |
|
|
At 31 August 2025 |
285,075 |
|
--------- |
|
At 31 August 2024 |
285,075 |
|
--------- |
|
|
The company's investment property is carried in the balance sheet at a fair value at 31 August 2025.
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
156 |
148 |
|
---- |
---- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Corporation tax |
1,164 |
875 |
|
Other creditors |
85,846 |
109,743 |
|
-------- |
--------- |
|
87,010 |
110,618 |
|
-------- |
--------- |
|
|
|
7.
Creditors:
amounts falling due after more than one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans and overdrafts |
185,690 |
185,690 |
|
--------- |
--------- |
|
|
|
Bank loans of £185,690 are secured.