Company No: 14278431 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	187		277
Investment property	4	1,250,000		747,158
		1,250,187		747,435
Current assets
Debtors	5	301,082		0
Cash at bank and in hand		1,296		125
		302,378		125
Creditors: amounts falling due within one year	6	( 859,295)		( 762,849)
Net current liabilities		(556,917)		(762,724)
Total assets less current liabilities		693,270		(15,289)
Creditors: amounts falling due after more than one year	7	( 375,050)		0
Provision for liabilities	8	( 83,308)		0
Net assets/(liabilities)		234,912		( 15,289)
Capital and reserves
Called-up share capital		100		100
Fair value reserve	9	249,925		0
Profit and loss account		( 15,113 )		( 15,389 )
Total shareholder's funds/(deficit)		234,912		( 15,289)

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Preston Road (Yeovil) Limited (registered number: 14278431) were approved and authorised for issue by the Board of Directors on 26 June 2026. They were signed on its behalf by:

M S Ghuman Director

S Ghuman Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Preston Road (Yeovil) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 33 Preston Road, Yeovil, Somerset, BA21 3AE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net current liabilities of £556,917. The Company is supported through loans from the Parent Company, the director and the director's immediate family. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements, with the Parent Company, the director and the director's immediate family continuing to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts receivable for the rent of its investment property and assets. Income is recognised when there is a right to consideration, and is recorded at the value of the consideration due

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Tools and equipment

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

The Company as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

The directors undertake an annual valuation of the investment property on an open market basis, taking into account prevailing market conditions and other relevant factors. To provide additional assurance on the valuation, independent professional valuations are commissioned periodically, typically every three to five years. These independent valuations serve to corroborate the directors’ assessments and ensure that the carrying value of the investment property is fairly stated in the financial statements.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Tools and equipment		Total
	£		£
Cost
At 01 December 2024	450		450
At 30 November 2025	450		450
Accumulated depreciation
At 01 December 2024	173		173
Charge for the financial year	90		90
At 30 November 2025	263		263
Net book value
At 30 November 2025	187		187
At 30 November 2024	277		277

4. Investment property

	Investment property
	£
Valuation
As at 01 December 2024	747,158
Additions	169,609
Fair value movement	333,233
As at 30 November 2025	1,250,000

Valuation

The company’s investment property was revalued on 30 November 2025 by the directors on a current open market basis.

There has been no valuation of investment property by an independent valuer.

5. Debtors

	2025		2024
	£		£
Trade debtors	524		0
Prepayments	558		0
Other debtors	300,000		0
	301,082		0

Other Debtors contains the loan of £300,000 to a third-party, which is repayable upon demand. No interest is payable on this loan.

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	7,011		28,673
Amounts owed to Parent undertakings	642,472		521,820
Amounts owed to fellow subsidiaries	22,523		44,310
Amounts owed to directors	148,318		130,477
Accruals and deferred income	7,523		2,799
Other creditors	31,448		34,770
	859,295		762,849

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	375,050		0

Bank loans of £375,050 (2024 - £nil) are secured by charges against the properties to which the mortgage relates. The properties are held within investment properties on the balance sheet.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans (secured)	375,050		0

8. Provision for liabilities

	2025		2024
	£		£
Deferred tax	83,308		0

9. Changes in equity

	Fair value reserve
	£
At 01 December 2024	0
Gain arising on fair value movement of investment properties to profit and loss	333,233
Deferred tax arising on fair value movement of investment properties	( 83,308)
Total comprehensive income	249,925
At 30 November 2025	249,925
At 01 December 2023	0
At 30 November 2024	0

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
Within one year	3,730		0
Between one and five years	13,054		0
Total future minimum lease payments under non-cancellable operating leases	16,784		0

The commitment shown above is in relation to non-cancellable operating leases over white goods.

11. Related party transactions

Transactions with owners holding a participating interest in the entity

The company has taken advantage of the exemptions provided from disclosing transactions with its parent and other wholly owned group companies on the grounds that it is a wholly owned subsidiary.

12. Ultimate controlling party

The company's immediate parent is Goodliff Limited, incorporated in England and Wales. Its registered office address is The Knoll Nursing Home, 33 Preston Road, Yeovil, Somerset, BA21 3AE.

These financial statements are available upon request from Companies House, Cardiff.