COMPANY REGISTRATION NUMBER:
15240736
|
Filleted Unaudited Financial Statements |
|
Year ended 31 December 2025
|
Statement of financial position |
1 |
|
|
|
Notes to the financial statements |
3 |
|
|
|
Statement of Financial Position |
|
31 December 2025
Fixed assets
|
Tangible assets |
5 |
985,000 |
985,000 |
|
|
|
|
Current assets
|
Debtors |
6 |
21,118 |
22,053 |
|
Cash at bank and in hand |
6,670 |
13,927 |
|
-------- |
-------- |
|
27,788 |
35,980 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
61,180 |
64,627 |
|
-------- |
-------- |
|
Net current liabilities |
33,392 |
28,647 |
|
--------- |
--------- |
|
Total assets less current liabilities |
951,608 |
956,353 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
760,648 |
760,913 |
|
|
|
|
Provisions
|
Taxation including deferred tax |
56,393 |
56,393 |
|
--------- |
--------- |
|
Net assets |
134,567 |
139,047 |
|
--------- |
--------- |
|
|
|
Capital and reserves
|
Called up share capital |
100 |
100 |
|
Non-distributable reserves |
169,179 |
169,179 |
|
Profit and loss account |
(
34,712) |
(
30,232) |
|
--------- |
--------- |
|
Shareholders funds |
134,567 |
139,047 |
|
--------- |
--------- |
|
|
|
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 statement of comprehensive income has not been delivered.
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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) |
|
31 December 2025
These financial statements were approved by the
board of directors
and authorised for issue on
17 August 2026
, and are signed on behalf of the board by:
Company registration number:
15240736
|
Notes to the Financial Statements |
|
Year ended 31 December 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5b Lower Farm Barns, Bainton, Bucknell, Oxfordshire, OX27 7LT, United Kingdom.
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
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the rental of investment property in the ordinary course of the company's activities. Turnover is show net of sales/value added tax, returns, 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 specific criteria have been met for each of the company's activities.
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.
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.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2024:
1
).
5.
Tangible assets
|
Investment property |
|
£ |
|
Cost |
|
|
At 1 January 2025 and 31 December 2025 |
985,000 |
|
--------- |
|
Depreciation |
|
|
At 1 January 2025 and 31 December 2025 |
– |
|
--------- |
|
Carrying amount |
|
|
At 31 December 2025 |
985,000 |
|
--------- |
|
At 31 December 2024 |
985,000 |
|
--------- |
|
|
The historical cost of the investment property was £361,309.
Where impairment losses and/or reversals of impairment losses have been recognised, the amount of the impairment losses and/or reversals recognised in profit or loss during the period and the line item(s) in the statement of comprehensive income (or in the income statement, if presented) in which those impairment losses and/or reversals are included requires to be disclosed. A description of the events that led to the recognition or reversal of the impairment loss is also required.
6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
21,118 |
22,053 |
|
-------- |
-------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
365 |
322 |
|
Other creditors |
60,815 |
64,305 |
|
-------- |
-------- |
|
61,180 |
64,627 |
|
-------- |
-------- |
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans and overdrafts |
760,648 |
760,913 |
|
--------- |
--------- |
|
|
|
Bank loans and overdrafts are secured by way of a fixed charge over the company’s assets and undertakings.
9.
Related party transactions
As at the year end, £59,375 (2024: £55,173) was owed by the company to a company related by common control.