COMPANY REGISTRATION NUMBER:
16120815
|
Filleted Unaudited Financial Statements |
|
31 December 2025
Fixed assets
|
Investment property |
4 |
|
600,000 |
|
|
|
|
Current assets
|
Debtors |
5 |
100 |
|
|
Cash at bank and in hand |
14 |
|
|
---- |
|
|
114 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
(
571,364) |
|
|
---------- |
|
|
Net current liabilities |
|
(
571,250) |
|
|
---------- |
|
Total assets less current liabilities |
|
28,750 |
|
|
|
|
Provisions
|
Deferred tax |
|
(
4,731) |
|
|
--------- |
|
Net assets |
|
24,019 |
|
|
--------- |
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
|
Profit and loss account |
|
23,919 |
|
|
--------- |
|
Shareholders funds |
|
24,019 |
|
|
--------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Balance Sheet (continued) |
|
31 December 2025
These financial statements were approved by the
board of directors
and authorised for issue on
3 September 2026
, and are signed on behalf of the board by:
Company registration number:
16120815
|
Notes to the Financial Statements |
|
Period from 5 December 2024 to 31 December 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 34 Powis Gardens, London, England, NW11 8HH.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling (rounded to the nearest pound), which is the functional currency of the entity.
Going concern
The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern notwithstanding the deficiency in net current assets at the balance sheet date. The director considers this to be appropriate having regard to the continued provision of financial support by the company's director and principal creditors
Turnover
The turnover shown in the Profit and loss account represents amounts of rental income and service charges invoiced during the period. Costs of Sales The costs of sales are recognised in the Profit and loss account in the year in which they are incurred.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investment property
Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost and subsequently at fair value. Any gains or losses arising from changes in the fair value are recognised in the profit and loss account in the period that they arise. Investment property fair value is determined by the Director based on his understanding of property market conditions and the specific property concerned, using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition.
4.
Investment property
|
Land and buildings |
|
£ |
|
Fair value |
|
|
At 5 December 2024 |
– |
|
Additions |
581,078 |
|
Revaluations |
18,922 |
|
---------- |
|
At 31 December 2025 |
600,000 |
|
---------- |
|
Carrying amount |
|
|
At 31 December 2025 |
600,000 |
|
---------- |
|
|
Investment property is stated at the Director's valuation. The historical cost of the property is £581,078.
5.
Debtors
|
31 Dec 25 |
|
£ |
|
Other debtors |
100 |
|
---- |
|
|
6.
Creditors:
amounts falling due within one year
|
31 Dec 25 |
|
£ |
|
Corporation tax |
2,960 |
|
Other creditors |
568,404 |
|
---------- |
|
571,364 |
|
---------- |
|
|
Other creditors primarily relate to amounts due to a company with a common director.