Company No: 07779563 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	7,096		9,461
Investment property	4	6,680,000		7,310,000
		6,687,096		7,319,461
Current assets
Debtors
- due within one year	5	1,743		4,449
- due after more than one year	5	5,828,022		5,828,022
Cash at bank and in hand		1,351,431		726,190
		7,181,196		6,558,661
Creditors: amounts falling due within one year	6	( 444,752)		( 449,720)
Net current assets		6,736,444		6,108,941
Total assets less current liabilities		13,423,540		13,428,402
Creditors: amounts falling due after more than one year	7	( 6,408,628)		( 6,468,628)
Provision for liabilities	8	( 714,315)		( 608,730)
Net assets		6,300,597		6,351,044
Capital and reserves
Called-up share capital	9	1		1
Profit and loss account	11	6,300,596		6,351,043
Total shareholder's funds		6,300,597		6,351,044

For the financial year ending 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Cabot Mews Limited (registered number: 07779563) were approved and authorised for issue by the Board of Directors on 28 July 2026. They were signed on its behalf by:

Mr S M Davidson 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

Cabot Mews 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 Lobby Office 65 Redcross Village, Redcross Street, Bristol, BS2 0BB, 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 Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due 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, stated net of VAT, represents rental income derived from the letting of investment property in the ordinary course of the company’s activities. Rental income is recognised on a straight‑line basis over the term of the lease, including any rent‑free periods or stepped rent arrangements, in accordance with the accruals concept. Amounts received in advance are deferred and recognised over the relevant period, while accrued income is recognised where rental income has been earned but not yet invoiced.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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 Statement of Financial Position date.

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 average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Investment property

Investment property are 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 either external valuers or the Directors and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

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.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	1		2

3. Tangible assets

	Vehicles		Fixtures and fittings		Total
	£		£		£
Cost
At 01 April 2025	600		44,083		44,683
At 31 March 2026	600		44,083		44,683
Accumulated depreciation
At 01 April 2025	575		34,647		35,222
Charge for the financial year	6		2,359		2,365
At 31 March 2026	581		37,006		37,587
Net book value
At 31 March 2026	19		7,077		7,096
At 31 March 2025	25		9,436		9,461

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2025	7,310,000
Disposals	(630,000)
As at 31 March 2026	6,680,000

Valuation

Investment properties, which are all freehold, were last professionally valued in the year ended 31 March 2025 by Jones Lang LaSalle, an independent valuer with recent experience in the location and class of the investment property being valued. The valuations at 31 March 2026 were provided by the directors.

5. Debtors

	2026		2025
	£		£
Debtors: amounts falling due within one year
Trade debtors	1,135		414
Prepayments	608		3,785
Other debtors	0		250
	1,743		4,449
Debtors: amounts falling due after more than one year
Amounts owed by Parent undertakings	5,828,022		5,828,022

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	3,739		6,093
Accruals and deferred income	434,615		433,145
Other taxation and social security	689		553
Other creditors	5,709		9,929
	444,752		449,720

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

	2026		2025
	£		£
Bank loans (secured)	5,150,000		5,150,000
Amounts owed to related parties	629,314		659,314
Amounts owed to directors	629,314		659,314
	6,408,628		6,468,628

Bank loans falling due after more than one year are secured by a fixed and floating charge over the property and undertakings of the company.

8. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 608,730)		( 601,118)
Charged to the Statement of Income and Retained Earnings	( 105,585)		( 7,612)
At the end of financial year	( 714,315)		( 608,730)

The deferred taxation balance is made up as follows:

	2026		2025
	£		£
Accelerated capital allowances	( 1,774)		( 2,365)
Revaluation of tangible assets	( 606,382)		( 606,382)
Other timing differences	18		17
Indexation movement	( 106,177)		0
	( 714,315)		( 608,730)

9. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1

10. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Amounts due to the directors	629,314		659,314

The current loans are unsecured, do not attract interest and have no fixed date for repayment.

Other related party transactions

	2026		2025
	£		£
Amounts owed to other related parties	629,314		659,314

The current loans are unsecured, do not attract interest and have no fixed date for repayment.

Interest was previously accruing at a rate of 3.5% above base rate on the directors and related party loans and £310,945 (2025: £310,945) has been accrued and is included in accruals and deferred income.

11. Reserves

The profit and loss reserve includes both distributable and non-distributable reserves. Non-distributable reserves represents cumulative gains and losses on the revaluation of investment property, net of deferred tax. At the balance sheet date, non-distributable reserves totalled £2,376,626 (2025: £2,538,283).