REGISTERED NUMBER: 09869756 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 NOVEMBER 2025

FOR

61-62 WESTERN ROAD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Alkadi

Mrs H Alkadi

A N Agha

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

09869756 (England and Wales)

ACCOUNTANTS:

Galloways Accounting Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

3,203

4,271

Investment property

5

525,873

3,818,398

529,076

3,822,669

CURRENT ASSETS

Debtors

6

904,006

968,509

Cash at bank

104,964

103,498

1,008,970

1,072,007

CREDITORS

Amounts falling due within one year

7

5,089,701

5,144,307

NET CURRENT LIABILITIES

(4,080,731

)

(4,072,300

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,551,655

)

(249,631

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(3,551,755

)

(249,731

)

(3,551,655

)

(249,631

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

A Alkadi - Director

Mrs H Alkadi - Director

1.	STATUTORY INFORMATION

61-62 Western Road 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss and then transferred to a revaluation reserve.

Financial instruments

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.

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.

Going concern

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. During the year the company made a loss of £3,302,024, and as at the year end the current liabilities exceeded current assets by £4,080,731.

The validity of this basis depends upon the continued support of the company's directors. The directors confirm that they will give the required support.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 30 November 2024

and 29 November 2025

18,000

DEPRECIATION

At 30 November 2024

13,729

Charge for year

1,068

At 29 November 2025

14,797

NET BOOK VALUE

At 29 November 2025

3,203

At 29 November 2024

4,271

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 30 November 2024

3,818,398

Revaluations

(3,292,525

)

At 29 November 2025

525,873

NET BOOK VALUE

At 29 November 2025

525,873

At 29 November 2024

3,818,398

Fair value at 29 November 2025 is represented by:

£

Valuation in 2025

(3,292,525

)

Cost

3,818,398

525,873

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,955

13,551

Amounts owed by group undertakings

887,580

949,872

VAT

5,471

5,086

904,006

968,509

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

720

720

Directors' loan accounts

5,088,981

5,143,587

5,089,701

5,144,307

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, A Alkadi decreased his loan to the company. As at 29 November 2025, the company owed him £5,088,981 (2024: £5,143,587). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Alkadi.

This was by virtue of their 100% holding of the issued share capital in 61-62 Western Road Holdings Limited.