REGISTERED NUMBER: 00766795 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

The Curzon Corporation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D R Wilson

S Wilson

REGISTERED OFFICE:

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

REGISTERED NUMBER:

00766795 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

FIXED ASSETS

Tangible assets

4

9,894

9,033

Investments

5

350,000

465,904

Investment property

6

6,731,522

7,068,285

7,091,416

7,543,222

CURRENT ASSETS

Debtors

7

1,070,093

28,358

Cash at bank

128,165

576,192

1,198,258

604,550

CREDITORS

Amounts falling due within one year

8

(486,308

)

(987,381

)

NET CURRENT ASSETS/(LIABILITIES)

711,950

(382,831

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,803,366

7,160,391

CREDITORS

Amounts falling due after more than one year

9

(2,340,000

)

-

PROVISIONS FOR LIABILITIES

11

-

(33,003

)

NET ASSETS

5,463,366

7,127,388

CAPITAL AND RESERVES

Called up share capital

12

2,634,577

3,581,945

Share premium

311,805

311,805

Capital redemption reserve

947,368

-

Fair value reserve

970,462

970,462

Retained earnings

599,154

2,263,176

SHAREHOLDERS' FUNDS

5,463,366

7,127,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2026 and were signed on its behalf by:

D R Wilson - Director

1.	STATUTORY INFORMATION

The Curzon Corporation 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

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 nor transactions with directors conducted at a market rate.

Turnover

Rent received represents net invoiced rents received on investment properties, excluding value added tax.

Income recognition

Rent received is recognised in accordance with the contractual terms of the lease.

Investment income is recognised when it can be measured reliably and it is probable that the income will be received.

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 - 10% straight line

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Fixed asset investments

Fixed asset investments are included at fair value. Gains and losses are recognised in the Profit and Loss Account. Deferred taxation is provided on these gains and losses at the rate expected to apply when the investments are sold.

Investment property

Investment property is included at fair value. Gains and losses are recognised in the Profit and Loss Account. Deferred taxation is provided on these gains and losses at the rate expected to apply when the property is sold.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 1 January 2025

12,043

Additions

2,295

At 31 December 2025

14,338

DEPRECIATION

At 1 January 2025

3,010

Charge for year

1,434

At 31 December 2025

4,444

NET BOOK VALUE

At 31 December 2025

9,894

At 31 December 2024

9,033

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST OR VALUATION

At 1 January 2025

465,904

Revaluations

(115,904

)

At 31 December 2025

350,000

NET BOOK VALUE

At 31 December 2025

350,000

At 31 December 2024

465,904

Cost or valuation at 31 December 2025 is represented by:

Unlisted

investments

£

Valuation in 2025

(400,000

)

Cost

750,000

350,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

7,068,285

Disposals

(485,373

)

Revaluations

148,610

At 31 December 2025

6,731,522

NET BOOK VALUE

At 31 December 2025

6,731,522

At 31 December 2024

7,068,285

Fair value at 31 December 2025 is represented by:

£

Valuation in 2025

700,977

Cost

6,030,545

6,731,522

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

6,030,545

6,556,568

Investment property was valued on an open market basis on 31 December 2025 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

23,625

805

Other debtors

952,301

-

Prepayments and accrued income

94,167

27,553

1,070,093

28,358

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

465,045

861,074

Trade creditors

9,490

18,380

Taxation and social security

8,142

103,413

Directors' current accounts

319

-

Accruals and deferred income

3,312

4,514

486,308

987,381

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

2,340,000

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

2,340,000

-

Included in creditors: amounts falling due after more than one year, is a bank loan for £2,340,000 that is repayable on an interest-only basis at a margin of 3.39% per annum over Investec Bank Base Rate. The bank loan is due to mature on 21 February 2029 and is secured against the properties the company owns.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

-

33,003

Deferred

tax

£

Balance at 1 January 2025

33,003

Provided during year

(33,003

)

Balance at 31 December 2025

-

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2,634,577

Ordinary

£1

2,634,577

3,581,945

On 7 March 2025 the company repurchased 947,368 £1 Ordinary shares.

13.	RELATED PARTY DISCLOSURES

2025

2024

£

£

Amounts owed to the directors

465,364

302,671

No interest has been charged in the current year.

14.	POST BALANCE SHEET EVENTS

On 10 March 2026, 739,840 £1 Ordinary shares were reclassified to £1 A Ordinary shares.

On 11 August 2026 the company undertook a capital reduction, cancelling 456,376 issued Ordinary £1 shares, and 178,201 issued A Ordinary shares. Additionally, on 11 August 2026 the share premium account of £311,805 was reduced to nil by way of crediting retained earnings.

15.	ULTIMATE CONTROLLING PARTY

SR Securities Limited is regarded by the directors as being the company's ultimate parent company.

Address:

Elm House

St. Julian's Avenue

St. Peter Port

Guernsey