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(1) General Information
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| The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Kemp House, 124 City Road, London, EC1V 2NX. |
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(2) Statement of compliance
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| These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime. |
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(3) Significant Accounting Policies
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Basis of Preparation
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| The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise. |
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Property, plant and equipment
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Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.
Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:
| | Asset class and depreciation rate | | Land and Buildings | | | Plant and Machinery | | | Short Leasehold Properties | | | Investment Properties | | | Long Leasehold Properties | | | Commercial Vehicles | | | Fixtures and Fittings | | | Equipment | 33% straight line | | Motor Cars | |
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(4) Employees
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During the year, the average number of employees including director was
2 (2024:2) |
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(5) Debtors
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Amounts falling due within one year
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Other Debtors consist of the following:
Loans to Directors £1,425
VAT £2,947
HMRC £236
Physical gold Investment £18,675 | | | 2025 | | 2024 | | £ | | £ | | | Trade debtors | 109,659 | | - | | Other debtors | 23,283 | | 8,839 | | | | | | 132,943 | | 8,839 |
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(6) Creditors: Amounts falling due within one year
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| | | 2025 | | 2024 | | £ | | £ | | | Trade creditors | 24,753 | | 70,231 | | Bank loans and overdrafts | 113,993 | | 81,838 | | | | | | | | | | | | | | Accruals and deferred income | 1,632 | | 829 | | 140,378 | | 152,898 |
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(7) Creditors: Amounts falling due after more than one year
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| | | 2025 | | 2024 | | £ | | £ | | | Bank loans and overdrafts | - | | 1,177 | | | | | | | | | | - | | 1,177 |
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(8) Directors advances, credit and guarantees
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Loans to the directors during the Reporting Period:
Opening Balance as at 31/12/2024 £4,928
Closing Balance as at 31/12/2025 £1,425
Repayments made during the reporting period £11,363
Loans made during the reporting period £7,861
The maximum balance during the period was £7,380
The loan is non interest bearing
The loan is repayable on demand |
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