REGISTERED NUMBER: 09321980 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

23 (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D G Watson

REGISTERED OFFICE:

Kensington House,

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

REGISTERED NUMBER:

09321980 (England and Wales)

ACCOUNTANTS:

Mitchells Grievson Limited

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

FIXED ASSETS

Tangible assets

4

1,206,985

1,270,511

Investment property

5

59,893

59,893

1,266,878

1,330,404

CURRENT ASSETS

Debtors

6

247,393

243,229

Cash at bank

4,456

40,537

251,849

283,766

CREDITORS

Amounts falling due within one year

7

340,129

298,836

NET CURRENT LIABILITIES

(88,280

)

(15,070

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,178,598

1,315,334

CREDITORS

Amounts falling due after more than one year

8

(285,206

)

(376,252

)

PROVISIONS FOR LIABILITIES

(130,786

)

(161,641

)

NET ASSETS

762,606

777,441

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

347,502

347,502

Retained earnings

415,004

429,839

SHAREHOLDERS' FUNDS

762,606

777,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2026 and were signed by:

D G Watson - Director

1.	STATUTORY INFORMATION

23 (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

Nil

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 December 2024

950,000

649,234

24,306

-

1,623,540

Additions

-

-

-

721

721

At 30 November 2025

950,000

649,234

24,306

721

1,624,261

DEPRECIATION

At 1 December 2024

-

336,676

16,353

-

353,029

Charge for year

-

62,512

1,591

144

64,247

At 30 November 2025

-

399,188

17,944

144

417,276

NET BOOK VALUE

At 30 November 2025

950,000

250,046

6,362

577

1,206,985

At 30 November 2024

950,000

312,558

7,953

-

1,270,511

The property was valued in November 2018 at £950,000.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST OR VALUATION

At 1 December 2024

526,255

Transfer to ownership

(149,335

)

At 30 November 2025

376,920

DEPRECIATION

At 1 December 2024

239,415

Charge for year

45,006

Transfer to ownership

(76,150

)

At 30 November 2025

208,271

NET BOOK VALUE

At 30 November 2025

168,649

At 30 November 2024

286,840

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 30 November 2025

59,893

NET BOOK VALUE

At 30 November 2025

59,893

At 30 November 2024

59,893

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Other debtors

247,393

243,229

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

36,557

38,650

Hire purchase contracts

55,420

83,378

Trade creditors

26,271

14,807

Taxation and social security

99,448

55,512

Other creditors

122,433

106,489

340,129

298,836

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

249,491

283,871

Hire purchase contracts

35,715

92,381

285,206

376,252

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

114,619

144,549

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Bank loans

286,048

322,521

Hire purchase contracts

91,135

175,759

377,183

498,280

10.

RESERVES

Revaluation

reserve

£

At 1 December 2024

and 30 November 2025

347,502

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

30.11.25

30.11.24

£

£

D G Watson

Balance outstanding at start of year

182,761

149,225

Amounts advanced

178,592

138,975

Amounts repaid

(184,994

)

(105,439

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

176,359

182,761

The Directors Loan Account is repayable upon demand and interest has been charged at the correct rate.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is D G Watson.