| Balance Sheet | 3 |
| Statement of Compliance | 4 |
| Notes to the Financial Statements | 5–12 |
| 2025 £ |
2024 £ |
|
|---|---|---|
| Fixed assets | ||
| Tangible assets | ||
| Current assets | ||
| Creditors: amounts falling due within one year | ||
| Net current assets (liabilities) | ||
| Total assets less current liabilities | ||
| Creditors: amounts falling due after more than one year | ( |
( |
| Total net assets (liabilities) | ||
| Capital and reserves | ||
| Called up share capital | ||
| Profit and loss account | ||
Directors' responsibilities:
The accounts were approved by the Board of Directors and authorised for issue on 25 August 2026.
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.
Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided on a straight-line basis over the estimated useful lives of the assets as follows: Motor Vehicles — 20% on cost, Fixtures & Fittings — 30% on cost, Other — Investment Properties - shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The average number of employees during the year was: 2
| Category | Cost b/f £ |
Additions £ |
Disposals £ |
Cost c/f £ |
Dep b/f £ |
Charge £ |
On disp. £ |
Dep c/f £ |
NBV £ |
|---|---|---|---|---|---|---|---|---|---|
| Motor Vehicles | 39,780 | 0 | 0 | 39,780 | 23,868 | 0 | 0 | 23,868 | 15,912 |
| Fixtures & Fittings | 2,542 | 0 | 0 | 2,542 | 2,542 | 0 | 0 | 2,542 | 0 |
| Other | 367,396 | 0 | 0 | 367,396 | 0 | 0 | 0 | 0 | 367,396 |
| Total | 409,718 | 0 | 0 | 409,718 | 26,410 | 0 | 0 | 26,410 | 383,308 |
Dividends paid for Year 2025 £15,000 and Dividends paid for Year 2024 £25,000. Both has been deducted from Retained Earning for Year 2025 and Year 2024 respectively.
Fair Value
As at 1 January 2025 and 31 December 2025 £367,396.
| Description | 2025 £ |
2024 £ |
|---|---|---|
| Corporation Tax | 0 | 2,776 |
| Accrual & Deferred inome | 87 | 652 |
| Directors' loan accounts | 4,087 | 4,921 |
| Total | 4,174 | 8,349 |
| Description | 2025 £ |
2024 £ |
|---|---|---|
| Staff related expenses | 376 | 808 |
| Use of private resdence | 1,080 | 1,080 |
| Travel expenses | 213 | 534 |
| Vehicle running costs | 1,409 | 1,417 |
| Insurance | 399 | 635 |
| Telecommunications | 396 | 361 |
| Printing, postage and stationery | 194 | 745 |
| Sundries | 34 | 184 |
| Bank charges | 30 | 0 |
| Accountancy fees | 0 | 600 |
| Total | 4,131 | 6,364 |