Contents of the Financial Statements

for the Period Ended 31 March 2026

Balance sheet

As at 31 March 2026

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2026

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Revenue relates to rent receivable and other ancillary income associated with property rental and is measured at the fair value of the consideration received or receivable. Revenue is shown net of value added tax, rebates and discounts. The Company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the Company’s activities.

  Tangible fixed assets depreciation policy

  The cost of tangible fixed assets is written off to the profit and loss account over the useful economic life of the fixed assets, which has been estimated to be five years.

  Valuation information and policy

  Property that is held for long-term rental yields or for capital appreciation or both, and that is not occupied by the Company, is classified as investment property. Investment property is initially measured at cost (comprising purchase price, after deducting discounts and rebates, and any directly attributable costs) and is subsequently carried at fair value. Fair value is derived from the current market prices for comparable real estate determined annually using observable market prices, adjusted if necessary for any difference in the nature, location and condition of the specific asset. Changes in fair value are recognised in profit or loss.

Notes to the Financial Statements

for the Period Ended 31 March 2026

• 2. Employees

  	2026	2025
  Average number of employees during the period	1	1