Area 15 Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04918673

AREA 15 LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2025

AREA 15 LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		1,500,000		1,500,000

CURRENT ASSETS

Debtors	6	552,103	512,635
Cash at bank and in hand		11,300	420
		---------	---------
		563,403	513,055

CREDITORS: amounts falling due within one year	7	( 216,804)		( 269,059)
		---------		---------
NET CURRENT ASSETS			346,599		243,996
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,846,599		1,743,996

PROVISIONS

Taxation including deferred tax	( 32,550)	( 32,550)
	------------	------------
NET ASSETS	1,814,049	1,711,446
	------------	------------

CAPITAL AND RESERVES

Called up share capital	900	900
Profit and loss account	1,813,149	1,710,546
	------------	------------
SHAREHOLDERS FUNDS	1,814,049	1,711,446
	------------	------------

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 income and retained earnings 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 .

AREA 15 LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 25 August 2026 , and are signed on behalf of the board by:

S Allison
Director

Company registration number: 04918673

AREA 15 LIMITED

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 Castleton Mill, Castleton Close, Leeds, LS12 2DS, 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

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. 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 revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax.

Income tax

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.

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 open market value at each reporting date and any changes in value are recognised in the statement of income and retained earnings.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. 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 before operating profit.

4. TAX ON PROFIT

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	33,393	22,268

Deferred tax:

Origination and reversal of timing differences	–	7,812
	--------	--------
Tax on profit	33,393	30,080
	--------	--------

5. TANGIBLE ASSETS

	Investment Property
	£
Cost
At 1 January 2025 and 31 December 2025	1,500,000
	------------
Depreciation
At 1 January 2025 and 31 December 2025	–
	------------
Carrying amount
At 31 December 2025	1,500,000
	------------
At 31 December 2024	1,500,000
	------------

The market value of investment property held as at 31st December 2025 has been calculated by the director, and has been valued at open market value.

6. DEBTORS

	2025	2024
	£	£
Trade debtors	2,842	5,418
Amounts owed by group undertakings and undertakings in which the company has a participating interest	436,631	394,587
Other debtors	112,630	112,630
	---------	---------
	552,103	512,635
	---------	---------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,646	6,111
Amounts owed to group undertakings and undertakings in which the company has a participating interest	52,000	59,000
Corporation tax	33,393	22,268
Social security and other taxes	6,195	6,875
Amounts owed to related companies	121,925	111,435
Other creditors	1,645	63,370
	---------	---------
	216,804	269,059
	---------	---------