Statement of financial position

3

(5,403)

(5,403) 

273,705 

14,335 

(1,005)

(393) 

(165,250)

(165,250) 

The Company's borrowings are secured by fixed charges over its investment properties as follows: The carrying amount of the mortgage loan by Paragon Bank plc secured on 8 Dunster Close, Darlington at year end is £70,000 (2024 - £70,000). The carrying amount of the mortgage loan by The Mortgage Lender secured on 9 Pensbury Street, Darlington at year end is £48,000 (2024 - £48,000). The carrying amount of the mortgage loan by Aldermore Bank plc secured on 33 Bakewell Place, Newton Aycliffe at year end is £47,250 (2024 - £47,250).

During the year the average number of employees was 4 (2024: 4).

Statement of compliance These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). Basis of preparation These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. Going concern The financial statements have been prepared on a going concern basis. Tax The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income. Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference. Tangible assets Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Fixtures and fittings - 20% straight line Investment property Investment properties are measured at fair value annually, with any change recognised in profit or loss. Fair value is determined on a tri-annual basis by independent valuers and by Directors' valuation in the intervening period.

For the period ending 31 May 2025 the company was entitled to exemption from audit 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 micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the micro-entities regime.The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

This report was approved by the board of directors on 28 February 2026 and signed on behalf of the board by:

....................... Charlotte Ann Watson Director

....................... Steven Ashley Robinson Director

....................... Martin Robert Watson Director

....................... Hannah Louise Robinson Director

Company Registration Number 11358292 The principal activity of the company is Letting and operating of residential property. The company is a private limited company, which is incorporated in England and Wales (no 11358292). The address of the registered office is 6 Oakwell Mount Leeds LS8 1RS.