| Directors | |
| Registered office | |
| Registered number | 11667713 |
| Accountant | KH Accounting Limited |
| Notes |
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The financial statements were approved and authorised for issue by the Board of Directors on
Blair, Jack Robert
Director |
Company registration number 11667713
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The financial statements are presented in sterling and this is the functional currency of the company.
The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
The financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006.
The financial statements have been prepared on a going concern basis. The company had net liabilities of £122,153 at the balance sheet date, and holds a secured loan of £507,786 which falls due for repayment in September 2026. The directors anticipate that the loan will be refinanced, and on this basis consider it appropriate to prepare the financial statements on a going concern basis.
Borrowing costs directly attributable to the acquisition or construction of qualifying assets are capitalised as part of the cost of that asset, where they are directly attributable to the construction period. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
Tangible fixed assets are stated at cost less accumulated depreciation. Freehold land is not depreciated. Freehold property improvements are depreciated over their estimated useful economic life of 25 years on a straight-line basis. No depreciation has been charged in the year as the properties were substantially under construction throughout the period.
Freehold Property £ | Freehold Improvements £ | Total £ | |
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Cost | |||
At 1 December 2024 | 574,078 | 22,868 | 596,946 |
Additions | 403,600 | 403,600 | |
At 30 November 2025 | 574,078 | 426,468 | 1,000,545 |
Depreciation | |||
At 1 December 2024 and 30 November 2025 | |||
Net book value | |||
At 30 November 2025 | 574,078 | 426,468 | 1,000,545 |
At 30 November 2024 | 574,078 | 22,868 | 596,946 |
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The bank loan is secured by a legal charge over the company's freehold property.
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During the year, the company received advances from and made repayments to its directors. At the balance sheet date, the company owed £636,870 (2024: £637,798) to its directors. The loan is unsecured, interest-free, and has no fixed repayment date.