REGISTERED NUMBER: 10429863 (England and Wales)

WARWICK MODERN LIVING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

Chartered Accountants' Report

7

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

983,929

988,913

983,929

988,913

Current assets

Cash at bank

7,374

14,654

Creditors

Amounts falling due within one year

6

12,776

8,852

Net current (liabilities)/assets

(5,402

)

5,802

Total assets less current liabilities

978,527

994,715

Creditors

Amounts falling due after more than one year

7

(726,750

)

(726,750

)

Provisions for liabilities

8

(71,507

)

(72,196

)

Net assets

180,270

195,769

Capital and reserves

Called up share capital

9

102

102

Revaluation surplus

10

306,210

306,210

Retained earnings

10

(126,042

)

(110,543

)

Shareholders' funds

180,270

195,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 July 2026 and were signed by:

Vikas Gujadhur - Director

1.	Statutory information

Warwick Modern Living Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10429863

Registered office:

69 High Street

Southgate

London

N14 6LD

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Freehold property

-

not provided

Fixtures and fittings

-

25% on cost

Freehold property

Freehold property is shown at their revalued amounts. The revalued amounts equate to the fair value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated. Revaluations are carried out regularly so that the carrying amounts do not materially differ from using the fair value at the date of the statement of financial position. Any revaluation increase or decrease on land and buildings is credited to the property revaluation reserve in 'revaluation surplus".

Financial instruments

The company has entered into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like other debtors, creditors and loans to related parties. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is fund, an impairment loss is recognised in the profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 December 2024

and 30 November 2025

115,000

Amortisation

At 1 December 2024

and 30 November 2025

115,000

Net book value

At 30 November 2025

-

At 30 November 2024

-

5.	Tangible fixed assets

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Cost or valuation

At 1 December 2024

and 30 November 2025

980,255

35,694

1,015,949

Depreciation

At 1 December 2024

200

26,836

27,036

Charge for year

100

4,884

4,984

At 30 November 2025

300

31,720

32,020

Net book value

At 30 November 2025

979,955

3,974

983,929

At 30 November 2024

980,055

8,858

988,913

Furniture and fittings are stated at cost less accumulated depreciation and accumulated impairment losses.

Cost or valuation at 30 November 2025 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Valuation in 2018

78,037

-

78,037

Valuation in 2019

230,000

-

230,000

Valuation in 2021

70,000

-

70,000

Cost

602,218

35,694

637,912

980,255

35,694

1,015,949

The freehold property has been reviewed by the director of the company based on his best judgement.

6.

Creditors: amounts falling due within one year

30.11.25

30.11.24

£

£

Other creditors

12,776

8,852

7.

Creditors: amounts falling due after more than one year

30.11.25

30.11.24

£

£

Other creditors

726,750

726,750

The mortgage loan of £726,750 is secured by a personal guarantee provided by Director. In the event the company is unable to meet its obligations, the director may be personally liable for the outstanding amount under the terms of the guarantee.

8.	Provisions for liabilities

30.11.25

30.11.24

£

£

Deferred tax

71,507

72,196

Deferred tax

£

Balance at 1 December 2024

72,196

Provided during year

(689

)

Balance at 30 November 2025

71,507

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

1

Ordinary

1

102

102

Shares have attached to them full voting, dividend and capital distribution rights.

10.

Reserves

Retained

Revaluation

earnings

surplus

Totals

£

£

£

At 1 December 2024

(110,543

)

306,210

195,667

Deficit for the year

(15,499

)

(15,499

)

At 30 November 2025

(126,042

)

306,210

180,168

Share capital

Share capital represents the nominal value of equity shares.

Retained earnings

Retained earnings include all current and prior period retained profits and losses.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Warwick Modern Living Limited for the year ended 30 November 2025 which comprise the Income Statement, Balance Sheet and the 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Warwick Modern Living 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 Warwick Modern Living Limited. You consider that Warwick Modern Living 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 Warwick Modern Living 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.

Rock Tax & Accounting Ltd

Chartered Accountants

& Statutory Auditors

69 High Street

Southgate

London

N14 6LD

Date: .............................................