COMPANY REGISTRATION NUMBER:
12108817
|
Filleted Financial Statements |
|
|
Statement of Financial Position |
|
31 December 2025
Fixed assets
|
Tangible assets |
5 |
– |
4,680,000 |
|
|
|
|
Current assets
|
Cash at bank and in hand |
– |
134,718 |
|
|
|
|
Creditors: amounts falling due within one year |
6 |
– |
4,804,945 |
|
---- |
------------ |
|
Net current liabilities |
– |
4,670,227 |
|
---- |
------------ |
|
Total assets less current liabilities |
– |
9,773 |
|
---- |
------- |
|
Net assets |
– |
9,773 |
|
---- |
------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
– |
100 |
|
Other reserves |
– |
(
990,237) |
|
Profit and loss account |
– |
999,910 |
|
---- |
--------- |
|
Shareholders funds |
– |
9,773 |
|
---- |
--------- |
|
|
|
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 statement of comprehensive income has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
25 August 2026
, and are signed on behalf of the board by:
|
R Pankhania |
S Ladwa |
|
Director |
Director |
|
|
Company registration number:
12108817
|
Notes to the Financial Statements |
|
Year ended 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 173 Cleveland Street, London, W1T 6QR. The trading address of the company is Stanmore House, 15-19 Church Road, Stanmore, Middlesex, HA7 4AR.
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, which is the functional currency of the entity.
Going concern
The company has ceased trading on 31 December 2025 and the financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the company’s assets down to net realisable value. Provisions have also been made in respect of contracts which have become onerous at the reporting date. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises of proceeds from property sales, rental income, and other fees receivable and is stated net of value added tax where appropriate. Revenue relating to property sales is recognised when legally binding contracts which are irrevocable and effectively unconditional are exchanged and, when completion has taken place prior to the date on which the financial statements are approved.
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 properties
Investment properties are properties held to earn rentals and / or for capital appreciation. Investment properties are initially measured at cost, which includes the purchase price and any directly attributable expenditure. Subsequently, investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise. Investment properties whose fair value cannot be measured reliably without undue cost or effort on an on-going basis are included in property, plant and equipment at cost less accumulated depreciation and accumulated impairment losses.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2024:
2
).
5.
Tangible assets
|
Investment property |
|
£ |
|
Valuation |
|
|
At 1 January 2025 |
4,680,000 |
|
Disposals |
(
4,680,000) |
|
------------ |
|
At 31 December 2025 |
– |
|
------------ |
|
Depreciation |
|
|
At 1 January 2025 and 31 December 2025 |
– |
|
------------ |
|
Carrying amount |
|
|
At 31 December 2025 |
– |
|
------------ |
|
At 31 December 2024 |
4,680,000 |
|
------------ |
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
– |
123,100 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
– |
4,483,182 |
|
Social security and other taxes |
– |
2,429 |
|
Other creditors |
– |
196,234 |
|
---- |
------------ |
|
– |
4,804,945 |
|
---- |
------------ |
|
|
|
7.
Fair value reserve
The following movements on the fair value reserve are included within other reserves in the statement of changes in equity:
|
2025 |
2024 |
|
£ |
£ |
|
At start of year |
(
990,237) |
247,322 |
|
Reclassification from fair value reserve to profit and loss account |
990,237 |
(1,237,559) |
|
--------- |
------------ |
|
At end of year |
– |
(
990,237) |
|
--------- |
------------ |
|
|
|
8.
Summary audit opinion
The auditor's report dated
25 August 2026
was
unqualified
.
The senior statutory auditor was
Shammir Shah
, for and on behalf of
Chamberlains UK LLP
.
9.
Related party transactions
As the company is a wholly owned subsidiary of Jaspar Holdings Limited, the company has taken advantage of the exemption afforded by FRS 102 not to disclose transactions or balances with other wholly owned members of the group.
10.
Parent undertaking
The company is a wholly owned subsidiary of
Jaspar Holdings Limited
, a company registered in England and Wales, The registered office address of Jaspar Holdings Limited is 173 Cleveland Street, London, W1T 6QR and the principal place of business of Jaspar Holdings Limited is Stanmore House, 15-19 Church Road, Stanmore, Middlesex, HA7 4AR. These financial statements will be consolidated in the financial statements of Jaspar Holdings Limited, which is the only group in which the results of the company are consolidated.