REGISTERED NUMBER: 10049848 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Flatmates (NW) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

-

360

Investment property

5

2,375,000

2,375,000

2,375,000

2,375,360

CURRENT ASSETS

Cash at bank

2,146

13,497

CREDITORS

Amounts falling due within one year

6

(45,479

)

(61,129

)

NET CURRENT LIABILITIES

(43,333

)

(47,632

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,331,667

2,327,728

CREDITORS

Amounts falling due after more than one year

7

(1,429,575

)

(1,440,229

)

PROVISIONS FOR LIABILITIES

(193,990

)

(193,990

)

NET ASSETS

708,102

693,509

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

581,970

581,970

Retained earnings

126,032

111,439

SHAREHOLDERS' FUNDS

708,102

693,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 10 August 2026 and were signed on its behalf by:

Mrs R Clempner - Director

1.	STATUTORY INFORMATION

Flatmates (NW) 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:

10049848

Registered office:

Westminster House

10 Westminster Road

Macclesfield

Cheshire

SK10 1BX

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, net of VAT and trade discounts.

Rental income from investment properties leased out under operating leases is recognised in the statement of comprehensive income on a straight-line basis over the term of the lease.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

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 Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current and 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

55,941

3,293

59,234

DEPRECIATION

At 1 April 2025

55,941

2,933

58,874

Charge for year

-

360

360

At 31 March 2026

55,941

3,293

59,234

NET BOOK VALUE

At 31 March 2026

-

-

-

At 31 March 2025

-

360

360

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

2,375,000

NET BOOK VALUE

At 31 March 2026

2,375,000

At 31 March 2025

2,375,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2018

61,684

Valuation in 2019

322,553

Valuation in 2020

85,523

Valuation in 2022

41,200

Valuation in 2023

265,000

Cost

1,599,040

2,375,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

11,284

10,910

Taxation and social security

26,130

22,319

Other creditors

8,065

27,900

45,479

61,129

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

1,429,575

1,440,229

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 years

1,384,439

1,396,590

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

1,440,859

1,451,139

The loan is secured by way of a mortgage charge on the freehold property.

9.

RESERVES

Fair

value

reserve

£

At 1 April 2025

and 31 March 2026

581,970