Navarre Property Limited 31/12/2025 iXBRL

Company registration number: 12665536

(England and Wales)

Navarre Property Limited

Unaudited filleted financial statements

for the year ended

31 December 2025

Navarre Property Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Navarre Property Limited

Directors and other information


	Directors	Mr G Fox
		Mrs S Fox


	Company number	12665536


	Registered office	4 & 5 The Cedars
		Apex 12, Old Ipswich Road
		Colchester
		Essex
		CO7 7QR


	Business address	6 Lloyds Avenue
		London
		EC3N 3AX


	Accountants	Griffin Chapman
		4 & 5 The Cedars, Apex 12
		Old Ipswich Road
		Colchester
		Essex
		CO7 7QR

Navarre Property Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Navarre Property Limited

Year ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Navarre Property Limited for the year ended 31 December 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Navarre Property Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Navarre Property Limited and state those matters that we have agreed to state to the board of directors of Navarre Property Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Navarre Property Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Navarre Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Navarre Property Limited. You consider that Navarre Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Navarre Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Griffin Chapman

Chartered Accountants

4 & 5 The Cedars, Apex 12

Old Ipswich Road

Colchester

Essex

CO7 7QR

28 July 2026

Navarre Property Limited

Statement of financial position

31 December 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	634,590		657,053
		_______		_______
			634,590		657,053

Current assets
Stocks		85,963		46,192
Debtors	6	1,257		3,717
Cash at bank and in hand		658		6
		_______		_______
		87,878		49,915
Creditors: amounts falling due
within one year	7	( 409,260)		( 408,269)
		_______		_______
Net current liabilities			( 321,382)		( 358,354)
			_______		_______
Total assets less current liabilities			313,208		298,699

Creditors: amounts falling due
after more than one year	8		( 341,313)		( 309,996)

Provisions for liabilities			( 771)		-

			_______		_______
Net liabilities			( 28,876)		( 11,297)
			_______		_______

Capital and reserves
Called up share capital	9		100		100
Profit and loss account			( 28,976)		( 11,397)
			_______		_______
Shareholders deficit			( 28,876)		( 11,297)
			_______		_______

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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.

These financial statements were approved by the board of directors and authorised for issue on 28 July 2026 , and are signed on behalf of the board by:

Mr G Fox

Director

Company registration number: 12665536

Navarre Property Limited

Notes to the financial statements

Year ended 31 December 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 4 & 5 The Cedars, Apex 12, Old Ipswich Road, Colchester, Essex, CO7 7QR.

The principal activity of the company continues to be that of property development and investment.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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 investment 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

The balance sheet is in deficit of £28,876 as at 31 December 2025. The working capital is provided by an insterest free loan from an fellow subsidiary within the group. The directors confirm that the loan will not be repaid in anyway to detract form the company's ability to meet its own liabilties as they fall due and further working capital can and wil be provided as necessary. On this basis the accounts have been prepared as a going concern and no provisions or impairments have been included, which could exist if this were not to be the case.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: Nil).

5. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost or valuation
At 1 January 2025	629,281	22,369	20,190	671,840
Revaluation	( 15,520)	-	-	( 15,520)
	_______	_______	_______	_______
At 31 December 2025	613,761	22,369	20,190	656,320
	_______	_______	_______	_______
Depreciation
At 1 January 2025	-	7,846	6,941	14,787
Charge for the year	-	3,631	3,312	6,943
	_______	_______	_______	_______
At 31 December 2025	-	11,477	10,253	21,730
	_______	_______	_______	_______
Carrying amount
At 31 December 2025	613,761	10,892	9,937	634,590
	_______	_______	_______	_______
At 31 December 2024	629,281	14,523	13,249	657,053
	_______	_______	_______	_______

Investment property

Included within the above is investment property measured at fair value as follows:

		£
	At 1 January 2025	430,520
	Fair value adjustments	( 15,520)
		_______
	At 31 December 2025	415,000
		_______

The investment properties have been valued by the directors of the company, by reference to current open market values at the year end.

6. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	125	3,494
Other debtors	1,132	223
	_______	_______
	1,257	3,717
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	2,864	-
Trade creditors	-	4,009
Amounts owed to group undertakings and undertakings in which the company has a participating interest	401,952	401,497
Taxation and social security	1,994	11
Other creditors	2,450	2,752
	_______	_______
	409,260	408,269
	_______	_______

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

	2025	2024
	£	£
Bank loans	341,313	309,996
	_______	_______

A legal charge was created on 18/01/24 in favour of National Westminster Bank PLC as security for all monies due. The charge is over the title of property which the loan relates to. A legal charge was created on 26/01/24 in favour of Paragon Bank PLC as security for all monies due. The charge is over the title of property which the loan relates to.

Included within creditors: amounts falling due after more than one year is an amount of £ 328,113 (2024 £ 309,996 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

10. Controlling party

The company is controlled by its parent company Navarre Group Ltd which owns all of the issued share capital. The registered office of Navarre Group Ltd is 4 & 5 The Cedars, Apex 12, Old Ipswich Road, Colchester, Essex, CO7 7QR.