The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

The financial statements have been prepared on the going concern basis. At 30 November 2025 the company had net current liabilities of £215,996, arising principally from amounts owed to the directors of £216,097. The directors have confirmed that they will not seek repayment of these amounts for at least twelve months from the date of approval of these financial statements, and that they will continue to provide such financial support as the company requires to enable it to meet its liabilities as they fall due. On that basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

Turnover represents rental income receivable from the company's investment property, excluding Value Added Tax. Rental income is recognised on a straight-line basis over the term of the lease.

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Investment property is property held to earn rentals and/or for capital appreciation. Investment property is recognised initially at cost and subsequently measured at fair value at each reporting date, with changes in fair value recognised in profit or loss. The property was acquired during the year and its cost is considered to approximate its fair value at 30 November 2025. No depreciation is provided in respect of investment property.