| ACTIUM PROPERTIES LIMITED |
| Registered number: |
03931189 |
| Balance Sheet |
| as at 31 October 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
875,000 |
|
|
875,000 |
|
| Current assets |
| Debtors |
4 |
|
100,805 |
|
|
97,056 |
| Cash at bank and in hand |
|
|
12,343 |
|
|
26,729 |
|
|
|
113,148 |
|
|
123,785 |
|
| Creditors: amounts falling due within one year |
5 |
|
(123,993) |
|
|
(107,567) |
|
| Net current (liabilities)/assets |
|
|
|
(10,845) |
|
|
16,218 |
|
| Total assets less current liabilities |
|
|
|
864,155 |
|
|
891,218 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(283,587) |
|
|
- |
|
| Provisions for liabilities |
|
|
|
(52,217) |
|
|
(52,217) |
|
|
| Net assets |
|
|
|
528,351 |
|
|
839,001 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Fair value adjustment |
7 |
|
|
254,943 |
|
|
254,943 |
| Profit and loss account |
|
|
|
273,308 |
|
|
583,958 |
|
| Shareholder's funds |
|
|
|
528,351 |
|
|
839,001 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| E Whittington |
| Director |
| Approved by the board on 31 July 2026 |
|
| ACTIUM PROPERTIES LIMITED |
| Notes to the Accounts |
| for the year ended 31 October 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental of investment property. |
|
|
Tangible fixed assets |
|
Tangible fixed assets, comprising of investment property, are measured at fair value. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 November 2024 |
875,000 |
|
At 31 October 2025 |
875,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 October 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2025 |
875,000 |
|
At 31 October 2024 |
875,000 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
567,840 |
|
567,840 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
567,840 |
|
567,840 |
|
Land and buildings, comprising of investment property, was valued by Frost Meadowcroft in October 2016 at £875,000. Valuations are performed with sufficient regularity to ensure that the fair value of a revalued asset does not differ materially from its carrying amount. |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
5,465 |
|
- |
|
Other debtors |
95,340 |
|
97,056 |
|
|
|
|
|
|
100,805 |
|
97,056 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
11,884 |
|
- |
|
Taxation and social security costs |
8,661 |
|
14,495 |
|
Other creditors |
103,448 |
|
93,072 |
|
|
|
|
|
|
123,993 |
|
107,567 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
283,587 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 7 |
Fair value adjustment |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 November 2024 |
254,943 |
|
254,943 |
|
|
At 31 October 2025 |
254,943 |
|
254,943 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
Included in other debtors is an amount due from Quest FZE Dubai of £74,465 (2024: £76,265), a company in which S Whittington has a material interest.
Included in other creditors is an amount due to Quest Search and Selection Limited of £58,223 (2024: £58,223), a company in which the directors have a material interest.
There are no terms as to interest or repayment in respect of these balances. |
|
|
| 9 |
Controlling party |
|
|
The company is under the ultimate control of E Whittington by virtue of her controlling shareholding in the company. |
|
|
| 10 |
Other information |
|
|
ACTIUM PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
7 Alrewic Gardens |
|
Aldridge |
|
Walsall |
|
West Midlands |
|
WS9 8NT |