Contents

Balance Sheet

As at 31 December 2025

Balance Sheet Continued

For the year ending 31 December 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 of the small companies regime applicable to micro-entities.

The accounts were approved by the Board of Directors and authorised for issue on 4 September 2026.

Notes to the Financial Statements

For the Year Ended 31 December 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.

Notes to the Financial Statements (continued)

2. Basis of Preparation

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.

Notes to the Financial Statements (continued)

3. Employee Information

The average number of employees during the year was: 0

Notes to the Financial Statements (continued)

4. Additional Notes

1. Prior period adjustment

The comparative figures have been restated to correct material errors in previously issued financial statements. The mortgage advance of £192,207 from Nottingham Building Society, secured by a first legal charge over the company's property, had been omitted from the balance sheet, as had the £1,999 arrangement fee added to the loan on the change of product in November 2024 and £90,285 of funds introduced by the director to complete the purchase. The property had been recorded at £260,000 rather than its full cost of £273,619. No depreciation had been charged on the buildings element and the lender's arrangement fees had not been recognised. The effect of the restatement is to reduce net assets at 31 December 2024 by £270,584, from £258,045 as previously reported to net liabilities of £12,539.

2. Going concern

The company has net liabilities of £14,678 at the balance sheet date. Included within creditors is £82,261 owed to the director, who has confirmed that she will not seek repayment of this balance where to do so would prejudice the company's ability to meet its other liabilities as they fall due. The property generates rental income sufficient to service the mortgage. On this basis the financial statements have been prepared on the going concern basis.

3. Director's advances

At 31 December 2025 the company owed the director £82,261 (2024: £90,261). The loan is interest free, unsecured and repayable on demand. During the year the company repaid £8,000 to the director.