Contents

Balance Sheet

As at 30 November 2025

Balance Sheet Continued

For the year ending 30 November 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its accounts 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 accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The accounts were approved by the Board of Directors and authorised for issue on 28 August 2026.

Notes to the Financial Statements

For the Year Ended 30 November 2025

1. Accounting Policies

Turnover

Turnover is recognised when goods are delivered or services are provided.

Taxation

Corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Debtors

Debtors are recognised at the settlement amount due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments.

Creditors

Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event.

Tangible fixed assets

The company's freehold investment property is measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. No depreciation is provided on investment property.

Notes to the Financial Statements (continued)

2. Basis of Preparation

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' and the Companies Act 2006.

Notes to the Financial Statements (continued)

3. Employee Information

The average number of employees during the year was: 2

Notes to the Financial Statements (continued)

4. Tangible Fixed Assets

Notes to the Financial Statements (continued)

5. Debtors

Notes to the Financial Statements (continued)

6. Creditors

Creditors: amounts falling due within one year

Creditors: amounts falling due after more than one year

Notes to the Financial Statements (continued)

7. Prior period adjustment

During preparation of the financial statements for the year ended 30 November 2025, the company identified that £31,920 of accrued private-lender interest remained within creditors at 30 November 2024 after the related loan principal and interest obligations had been settled. The comparative figures have therefore been restated to remove these balances.

The company also corrected certain immaterial year-end timing and rounding items relating principally to a receivable from the property manager, finance timing, accrued interest and bank/subledger rounding. Overall, these adjustments reduce net liabilities at 30 November 2024 by approximately £32,511, from £61,633 to £29,122, with a corresponding increase in brought-forward reserves. The principal correction relating to the private lenders is £31,920.