THE OLD WORKSHOP PROPERTIES LIMITED


Directors	I ASH
	J P ASH


Registered Address	Newland House The Point
	Weaver Road
	Lincoln
	LN6 3QN


Registered Number	11501368 (England and Wales)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investments	3		425,888		625,888
			425,888		625,888
Current assets
Debtors		15,275		18,930
Cash at bank and on hand		39,183		42,677
		54,458		61,607
Creditors amounts falling due within one year		(1,198)		(2,282)
Net current assets (liabilities)			53,260		59,325
Total assets less current liabilities			479,148		685,213
Creditors amounts falling due after one year			(476,598)		(736,024)
Net assets			2,550		(50,811)
Capital and reserves
Called up share capital			100		100
Profit and loss account			2,450		(50,911)
Shareholders' funds			2,550		(50,811)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 21 May 2026, and are signed on its behalf by:

I ASH
Director
Registered Company No. 11501368

THE OLD WORKSHOP PROPERTIES LIMITED

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities. The financial statements have been prepared under the historical cost convention.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) as modified by the revaluation of certain assets.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

	Current taxation
	Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Current or deferred taxation assets and liabilities are not discounted.

	Investments
	Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Fixed asset investments
	The directors are of the opinion that the valuation of the properties as determined by themselves is an accurate representation of the fair value of the properties based on their current state, freehold, one with vacant possession and one with tenant. If the investment properties had not been revalued they would have been included at historical cost of £420,888 (2024: £570,888) less depreciation of £32,900 (2024: £45,400) giving a net book value of £387,988 (2024: £525,488).

Fixed asset investments

The directors are of the opinion that the valuation of the properties as determined by themselves is an accurate representation of the fair value of the properties based on their current state, freehold, one with vacant possession and one with tenant. If the investment properties had not been revalued they would have been included at historical cost of £420,888 (2024: £570,888) less depreciation of £32,900 (2024: £45,400) giving a net book value of £387,988 (2024: £525,488).

		Total
		£
	Cost or valuation
	At 01 September 24	625,888
	Disposals	(200,000)
	At 31 August 25	425,888
	Net book value
	At 31 August 25	425,888
	At 31 August 24	625,888

4.	Creditors: amounts due after 5 years
	The following bank loans are repayable after more than 5 years by instalments £202,396 (2024: £202,400).

5.	Secured creditors
	The following secured debts are included within creditors: 2025 2024 £ £ Bank Loan 202,396 202,400 The loan is secured by way of a mortgage deed against the property it relates to.

6.	Related party transactions
	Included in creditors are director loan account balances amounting to £274,601 (2024: £533,624) owing to the directors equally. These loans are on an unsecured basis and are interest free. During the prior year, part of the land included within fixed asset investments was rented to the directors' daughter for a nominal rent of £200.

7.	Further information regarding the company's financial position
	The directors have confirmed their continued support of the company and due to future plans they consider the company to be a going concern.