REGISTERED NUMBER: 01161821 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Prized Possessions Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J J Sarosh

REGISTERED OFFICE:

37 Grange Road

Bushey

Hertfordshire

WD23 2LQ

REGISTERED NUMBER:

01161821 (England and Wales)

FIXED ASSETS

Investments

4

142,000

142,000

Investment property

5

1,008,700

1,008,700

1,150,700

1,150,700

CURRENT ASSETS

Debtors

1,857

1,170

Investments

65,180

119,120

Cash at bank

1,676

22,040

68,713

142,330

CREDITORS

Amounts falling due within one year

203,602

201,945

NET CURRENT LIABILITIES

(134,889

)

(59,615

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,015,811

1,091,085

PROVISIONS FOR LIABILITIES

74,536

74,536

NET ASSETS

941,275

1,016,549

CAPITAL AND RESERVES

Called up share capital

40

40

Capital redemption reserve

60

60

Fair value reserve

6

298,146

298,146

Retained earnings

643,029

718,303

SHAREHOLDERS' FUNDS

941,275

1,016,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2026 and were signed by:

J J Sarosh - Director

1.	STATUTORY INFORMATION

Prized Possessions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.12.25

31.12.24

£

£

Investments

142,000

142,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

1,008,700

NET BOOK VALUE

At 31 December 2025

1,008,700

At 31 December 2024

1,008,700

Fair value at 31 December 2025 is represented by:

£

Valuation in 2014

95,403

Valuation in 2015

133,017

Valuation in 2016

144,262

Cost

636,018

1,008,700

If investment properties had not been revalued it would have been included at the following historical cost:

31.12.25

31.12.24

£

£

Cost

636,018

636,018

Investment properties were valued on an open market basis on 31 December 2025 by a director Mr J J Sarosh .

6.

RESERVES

Fair

value

reserve

£

At 1 January 2025

and 31 December 2025

298,146