Stansted House Investments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Stansted House Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10271521 . The registered office is Church Farm, Maris Lane, Trumpington, Cambridge, Cambridgeshire, CB2 9LG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have assessed the company’s ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements. They have not identified any material uncertainties relating to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern.

Following the disposal of its investment property during the year, the company ceased its property trading activities. The company will continue to operate as an investment holding company, managing its remaining investments, assets and liabilities. Accordingly, the financial statements have been prepared on a going concern basis.

2.3. Turnover

Turnover represents rental income arising from the letting of investment property, stated net of value added tax.

Rental income from operating leases is recognised in profit or loss on a straight-line basis over the lease term, unless another systematic basis is more representative of the pattern in which the benefit from the leased property is diminished. Lease incentives, including rent-free periods, are recognised as a reduction in rental income over the lease term on the same basis.

Rental income received in advance is recognised as deferred income, and rental income earned but not yet invoiced is recognised as accrued income.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

3 years straight line

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

...CONTINUED

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Stansted House Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.6. Financial Instruments - continued

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Prior Period Adjustment

A prior period adjustment has been made to recognise investments held in the name of the company which were acquired for £240,864 and funded personally by a director. These investments, together with the corresponding amount due to the director, had not previously been recognised in the financial statements.

The comparative balance sheet has therefore been restated to increase investments by £240,864 and increase the director’s loan account by £240,864. The adjustment has no impact on the profit or loss for either the current or prior period, nor on total shareholders’ funds.

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Stansted House Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

5. Tangible Assets

	Investment Properties	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 August 2024	522,375	10,000	532,375
Disposals	(522,375 )	(10,000 )	(532,375 )

As at 31 July 2025	-	-	-

Depreciation
As at 1 August 2024	-	10,000	10,000
Disposals	-	(10,000 )	(10,000 )

As at 31 July 2025	-	-	-

Net Book Value
As at 31 July 2025	-	-	-

As at 1 August 2024	522,375	-	522,375

6. Investments

	Unlisted	Other	Total
	£	£	£
Cost or Valuation
As at 1 August 2024	100,001	140,864	240,865

As at 31 July 2025	100,001	140,864	240,865

Provision
As at 1 August 2024	-	-	-
Impairment losses	100,001	140,864	240,865

As at 31 July 2025	100,001	140,864	240,865

Net Book Value
As at 31 July 2025	-	-	-

As at 1 August 2024	100,001	140,864	240,865

7. Debtors

	2025	2024 as restated
	£	£
Due within one year
Other debtors	38,369	13,112
Due after more than one year
Other debtors	-	150,000

	38,369	163,112

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Stansted House Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Trade creditors	3,779	3,286
Other creditors	710,846	902,324
Taxation and social security	161	2,179

	714,786	907,789

9. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	1	1

10. Related Party Transactions

An entity over which the company’s controlling shareholder has significant influence

During the year, the company charged rental income of £20,055 (2024: £60,301), and incurred bad debts written off amounting to £302,835 (2024: £121,414).

Included within other debtors, the company has an amount receivable of £15,000 (2024: 284,526).

11. Ultimate Controlling Party

The company's ultimate controlling party is David Maisey by virtue of his ownership of 100% of the issued share capital in the company.

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		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		-		522,375
Investments	6		-		240,865

			-		763,240
CURRENT ASSETS
Debtors	7	38,369		163,112
Cash at bank and in hand		171,460		5,287

		209,829		168,399
Creditors: Amounts Falling Due Within One Year	8	(714,786 )		(907,789 )

NET CURRENT ASSETS (LIABILITIES)			(504,957 )		(739,390 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(504,957 )		23,850

NET (LIABILITIES)/ASSETS			(504,957 )		23,850

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			(504,958 )		23,849

SHAREHOLDERS' FUNDS			(504,957)		23,850