ACCOUNTS - Final Accounts preparation

Registered number: 11711521

WARPLE ESTATES 1 LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025


WARPLE ESTATES 1 LTD

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


WARPLE ESTATES 1 LTD REGISTERED NUMBER:11711521

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	4		650,000		710,000
Current assets
Debtors: amounts falling due within one year	5	2,024		3,499
Cash at bank and in hand		132		28,777
		2,156		32,276
Current liabilities
Creditors: amounts falling due within one year	6	(852,552)		(837,553)
Net current liabilities			(850,396)		(805,277)

Net liabilities			(200,396)		(95,277)

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		(200,496)	(95,377)
		(200,396)	(95,277)

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 August 2026.

E Faure

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


WARPLE ESTATES 1 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Warple Estates 1 Limited is a company which is incorporated in England and Wales and the registered office is Unit 2C/D, 36-37 Warple Way, London, W3 0RG.

The principal activity of the Company is a rental property.

The financial statements are presented in £ sterling, which is the functional currency of the Company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The Company made a loss for the year and at the balance sheet date has net current liabilities and net liabilities. The directors have obtained assurance from the shareholders that funds will be made available to the company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have been prepared under going concern on this basis.

2.3

Turnover

Turnover is measured at the fair value of amounts receivable in respect of services provided in the year, net of trade discsounts and excluding value added tax.

The turnover shown in the statement of comprehensive income represents rental income which is recognised on a receivable basis. Rental income is recognised in the period the property is occupied.

2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 2


WARPLE ESTATES 1 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to related parties.

Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.

Interest bearing borrowings, such bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method.

Cash and cash equivalents comprise cash balances and call deposits.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Investment property

		Long term leasehold investment property
		£
	Valuation
	At 1 January 2025	710,000
	Surplus on revaluation	(60,000)
	At 31 December 2025	650,000

The 2025 valuations were made by the Directors, on an open market value for existing use basis.

Page 3


WARPLE ESTATES 1 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Other debtors	1,924	3,399
Called up share capital not paid	100	100
	2,024	3,499

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other creditors	850,111	834,111
Accruals and deferred income	2,441	3,442
	852,552	837,553

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1 each	100	100

8.	Controlling party

The Directors regard Warple Estates Holdings Limited, a company registered in England and Wales, as the ultimate parent undertaking. Copies of its financial statements can be obtained from Companies House.

Page 4