COMPANY REGISTRATION NUMBER:
08747219
|
FILLETED FINANCIAL STATEMENTS |
|
|
STATEMENT OF FINANCIAL POSITION |
|
31 March 2025
Fixed assets
|
Tangible assets |
4 |
360,200 |
360,200 |
|
|
|
|
Current assets
|
Creditors: amounts falling due within one year |
6 |
366,804 |
194,469 |
|
---------- |
---------- |
|
Net current liabilities |
181,088 |
194,467 |
|
---------- |
---------- |
|
Total assets less current liabilities |
179,112 |
165,733 |
|
---------- |
---------- |
|
Net assets |
179,112 |
165,733 |
|
---------- |
---------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
2 |
2 |
|
Profit and loss account |
179,110 |
165,731 |
|
---------- |
---------- |
|
Shareholders funds |
179,112 |
165,733 |
|
---------- |
---------- |
|
|
|
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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
30 June 2026
, and are signed on behalf of the board by:
Company registration number:
08747219
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 MARCH 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 Castle House, 69-70 Victoria Street, Englefield Green, Egham, TW20 0QX, Surrey.
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 Properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
In accordance with their responsibilities, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements. For this purpose, the directors have considered the adequacy of the company's cash resources covering the period 12 months ahead of the approval of these financial statements. The directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis in preparing these financial statements.
Turnover and revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Income is recognised as accommodation is provided to tenants.
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 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. The company does not depreciate its freehold properties and although this policy is in accordance with FRS 102, it is a departure from the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation is only one of many factors reflected in the annual valuation and the amount in respect of this which might otherwise have been shown cannot be separately identified or quantified.
4.
Tangible assets
|
Land and buildings |
|
£ |
|
Valuation |
|
|
At 1 April 2024 and 31 March 2025 |
360,200 |
|
---------- |
|
Depreciation |
|
|
At 1 April 2024 and 31 March 2025 |
– |
|
---------- |
|
Carrying amount |
|
|
At 31 March 2025 |
360,200 |
|
---------- |
|
At 31 March 2024 |
360,200 |
|
---------- |
|
|
Land and buildings represents a freehold operational property. In the opinion of the directors, the carrying value of the property as at 31 March 2025, which is based on the directors' valuation, is not significantly different from the open market fair value of the property
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
185,716 |
2 |
|
---------- |
---- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Corporation tax |
10,202 |
31,620 |
|
Amounts owed to related parties |
355,105 |
157,744 |
|
Other creditors |
1,497 |
5,105 |
|
---------- |
---------- |
|
366,804 |
194,469 |
|
---------- |
---------- |
|
|
|
7.
Summary audit opinion
The auditor's report dated
30 June 2026
was
unqualified
.
The senior statutory auditor was
Charles Homan
, for and on behalf of
UHY Affinia
.
8.
Related party transactions
Amounts due to related parties included within creditors relate to loans from companies under common control and amount to £133,744 as at 31 March 2025 (2024: £157,744). These related party loans are interest free, unsecured and have no fixed terms of repayment.. Amounts due from related parties included within debtors relate to loans to companies under common control and amount to £185,714 as at 31 March 2025 (2024: £nil). These related party loans are interest free, unsecured and have no fixed terms of repayment.