COMPANY REGISTRATION NUMBER:
12934021
|
Unaudited financial statements |
|
|
Statement of financial position |
|
30 April 2026
Fixed assets
|
Tangible assets |
5 |
|
2,103,444 |
|
1,933,000 |
|
Investments |
6 |
|
2,520 |
|
2,520 |
|
|
----------- |
|
----------- |
|
|
2,105,964 |
|
1,935,520 |
|
|
|
|
|
|
Current assets
|
Debtors |
7 |
195,988 |
|
172,741 |
|
|
Cash at bank and in hand |
1,201,897 |
|
1,166,417 |
|
|
----------- |
|
----------- |
|
|
1,397,885 |
|
1,339,158 |
|
|
|
|
|
|
|
|
Creditors: Amounts falling due within one year |
8 |
(
35,411) |
|
(
35,042) |
|
|
----------- |
|
----------- |
|
|
Net current assets |
|
1,362,474 |
|
1,304,116 |
|
|
----------- |
|
----------- |
|
Total assets less current liabilities |
|
3,468,438 |
|
3,239,636 |
|
|
|
|
|
|
Provisions
|
Taxation including deferred tax |
|
(
61,221) |
|
(
61,221) |
|
|
----------- |
|
----------- |
|
Net assets |
|
3,407,217 |
|
3,178,415 |
|
|
----------- |
|
----------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
2,940 |
|
2,940 |
|
Revaluation reserve |
|
56,504 |
|
56,504 |
|
Investment property reserve |
|
164,700 |
|
140,700 |
|
Profit and loss account |
|
3,183,073 |
|
2,978,271 |
|
|
----------- |
|
----------- |
|
Shareholders funds |
|
3,407,217 |
|
3,178,415 |
|
|
----------- |
|
----------- |
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of financial position (continued) |
|
30 April 2026
These financial statements were approved by the
board of directors
and authorised for issue on
13 August 2026
, and are signed on behalf of the board by:
Company registration number:
12934021
|
Notes to the financial statements |
|
Year ended 30 April 2026
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5a Quay View Business Park, Barnards Way, Lowestoft, Suffolk, NR32 2HD, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
These financial statements are prepared on a going concern basis, under the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of employees during the year was Nil
(2025: Nil).
5.
Tangible assets
|
Freehold property |
Freehold investment property |
Total |
|
£ |
£ |
£ |
|
Cost or valuation |
|
|
|
|
At 1 May 2025 |
317,585 |
1,615,415 |
1,933,000 |
|
Additions |
– |
146,444 |
146,444 |
|
Revaluations |
– |
24,000 |
24,000 |
|
--------- |
----------- |
----------- |
|
At 30 April 2026 |
317,585 |
1,785,859 |
2,103,444 |
|
--------- |
----------- |
----------- |
|
Depreciation |
|
|
|
|
At 1 May 2025 and 30 April 2026 |
– |
– |
– |
|
--------- |
----------- |
----------- |
|
Carrying amount |
|
|
|
|
At 30 April 2026 |
317,585 |
1,785,859 |
2,103,444 |
|
--------- |
----------- |
----------- |
|
At 30 April 2025 |
317,585 |
1,615,415 |
1,933,000 |
|
--------- |
----------- |
----------- |
|
|
|
|
Tangible assets held at valuation
The freehold investment property was revalued to its fiar value on an open market basis by the director at 30 April 2025.
6.
Investments
|
Other investments other than loans |
|
£ |
|
Cost |
|
|
At 1 May 2025 and 30 April 2026 |
2,520 |
|
------ |
|
Impairment |
|
|
At 1 May 2025 and 30 April 2026 |
– |
|
------ |
|
|
|
Carrying amount |
|
|
At 30 April 2026 |
2,520 |
|
------ |
|
At 30 April 2025 |
2,520 |
|
------ |
|
|
7.
Debtors
|
2026 |
2025 |
|
£ |
£ |
|
Trade debtors |
3,725 |
– |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
184,660 |
172,321 |
|
Other debtors |
7,603 |
420 |
|
--------- |
--------- |
|
195,988 |
172,741 |
|
--------- |
--------- |
|
|
|
8.
Creditors:
Amounts falling due within one year
|
2026 |
2025 |
|
£ |
£ |
|
Trade creditors |
5,744 |
– |
|
Social security and other taxes |
26,425 |
25,172 |
|
Other creditors |
3,242 |
9,870 |
|
------- |
------- |
|
35,411 |
35,042 |
|
------- |
------- |
|
|
|