REGISTERED NUMBER: 03546087 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Promenade Office Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Hynd

D P Hynd

SECRETARY:

D P Hynd

REGISTERED OFFICE:

2nd Floor

2 Queen Square

Liverpool

Merseyside

L1 1RH

REGISTERED NUMBER:

03546087 (England and Wales)

ACCOUNTANTS:

Myersons

Chartered Accountants

32 Derby Street

Ormskirk

Lancashire

L39 2BY

FIXED ASSETS

Tangible assets

4

2,144,907

2,100,000

CURRENT ASSETS

Debtors

5

883,955

1,116,199

Cash at bank

98,582

86,442

982,537

1,202,641

CREDITORS

Amounts falling due within one year

6

119,614

118,662

NET CURRENT ASSETS

862,923

1,083,979

TOTAL ASSETS LESS CURRENT LIABILITIES

3,007,830

3,183,979

PROVISIONS FOR LIABILITIES

303,430

299,036

NET ASSETS

2,704,400

2,884,943

CAPITAL AND RESERVES

Called up share capital

7

96

96

Fair value reserve

8

642,682

642,682

Retained earnings

8

2,061,622

2,242,165

SHAREHOLDERS' FUNDS

2,704,400

2,884,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2026 and were signed on its behalf by:

P Hynd - Director

1.	STATUTORY INFORMATION

Promenade Office Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents invoiced rents and service charges, excluding valued added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Leasehold properties have been accounted for as Investment Properties in accordance with FRS 102 (Section 1A) and therefore depreciation has not been provided.

Fair value adjustments to the property valuation go through profit & loss and are shown separately in the non-distributable fair value reserve.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Deferred tax on unrealised fair value adjustments to Investment Property is transferred from the retained earnings reserve to the non-distributable fair value reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

leasehold

fittings

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

2,100,000

31,536

2,131,536

Additions

44,907

-

44,907

At 31 December 2025

2,144,907

31,536

2,176,443

DEPRECIATION

At 1 January 2025

and 31 December 2025

-

31,536

31,536

NET BOOK VALUE

At 31 December 2025

2,144,907

-

2,144,907

At 31 December 2024

2,100,000

-

2,100,000

Cost or valuation at 31 December 2025 is represented by:

Fixtures

Long

and

leasehold

fittings

Totals

£

£

£

Valuation in 2018

787,089

-

787,089

Valuation in 2021

273,571

-

273,571

Valuation in 2023

(350,000

)

-

(350,000

)

Valuation in 2024

146,249

-

146,249

Cost

1,287,998

31,536

1,319,534

2,144,907

31,536

2,176,443

If leasehold property had not been revalued it would have been included at the following historical cost:

31.12.25

31.12.24

£

£

Cost

1,287,998

1,243,091

Leasehold property was valued on a fair value basis by chartered surveyors, Hitchcock Wright & Partners on 30 June 2024.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

7,054

63,424

Other debtors

876,901

1,052,775

883,955

1,116,199

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

33,004

3,781

Taxation and social security

927

499

Other creditors

85,683

114,382

119,614

118,662

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

12

A1 Ordinary

£1

12

12

12

A2 Ordinary

£1

12

12

12

B1 Ordinary

£1

12

12

12

B2 Ordinary

£1

12

12

12

C1 Ordinary

£1

12

12

12

C2 Ordinary

£1

12

12

12

C3 Ordinary

£1

12

12

3

A3 Ordinary

£1

3

3

3

B3 Ordinary

£1

3

3

3

C4 Ordinary

£1

3

3

3

D1 Ordinary

£1

3

3

96

96

Except as expressly provided otherwise in the Articles of Association, the share capital shall rank pari passu in all respects.

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2025

2,242,165

642,682

2,884,847

Deficit for the year

(180,543

)

(180,543

)

At 31 December 2025

2,061,622

642,682

2,704,304

9.	RELATED PARTY DISCLOSURES