COMPANY REGISTRATION NUMBER:
08592577
|
Filleted Financial Statements |
|
Year ended 31 December 2025
|
Statement of financial position |
1 |
|
|
|
Notes to the financial statements |
2 |
|
|
|
Statement of Financial Position |
|
31 December 2025
Current assets
|
Debtors |
5 |
1,677,434 |
|
1,951,193 |
|
Cash at bank and in hand |
350,840 |
|
357,697 |
|
------------ |
|
------------ |
|
2,028,274 |
|
2,308,890 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
1,543,768 |
|
1,986,027 |
|
------------ |
|
------------ |
|
Net current assets |
|
484,506 |
322,863 |
|
|
--------- |
--------- |
|
Total assets less current liabilities |
|
484,506 |
322,863 |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year |
7 |
|
58,057 |
56,908 |
|
|
--------- |
--------- |
|
Net assets |
|
426,449 |
265,955 |
|
|
--------- |
--------- |
|
|
|
|
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Capital and reserves
|
Called up share capital |
|
625,002 |
125,002 |
|
Profit and loss account |
|
(
198,553) |
140,953 |
|
|
--------- |
--------- |
|
Shareholders funds |
|
426,449 |
265,955 |
|
|
--------- |
--------- |
|
|
|
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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
24 April 2026
, and are signed on behalf of the board by:
|
Ms M M Szalkiewicz |
|
Director |
|
Company registration number:
08592577
|
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 Scale Space 1st Floor, 58 Wood Lane, London, W12 7RZ, United Kingdom.
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's business activities are reliant on the continued financial support of its parent company. The directors have a reasonable expectation that the company will continue to operate under these circumstances and continue in operational existence for the foreseeable future. The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing these annual financial statements.
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
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax.
Income tax
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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Employees
The average number of persons employed by the company during the year amounted to 2 (2024: 2).
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
5,729 |
(
2,150) |
|
Other debtors |
1,671,705 |
1,953,343 |
|
------------ |
------------ |
|
1,677,434 |
1,951,193 |
|
------------ |
------------ |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
163,207 |
82,593 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
1,215,000 |
1,730,000 |
|
Social security and other taxes |
– |
526 |
|
Other creditors |
165,561 |
172,908 |
|
------------ |
------------ |
|
1,543,768 |
1,986,027 |
|
------------ |
------------ |
|
|
|
7.
Creditors:
amounts falling due after more than one year
|
2025 |
2024 |
|
£ |
£ |
|
Other creditors |
58,057 |
56,908 |
|
-------- |
-------- |
|
|
|
8.
Summary audit opinion
The auditor's report dated
24 April 2026
was
unqualified
.
The senior statutory auditor was
Stuart Harris
, for and on behalf of
Burgess Hodgson Audit Limited
.
9.
Related party transactions
At the year end the company owed £56,811 (2024: £82,593) through trade related services to companies related through directorship or common control. At the year end the company is owed £903,875 (2024: £1,162,425) in relation to a loan made to companies related through common directorship and/or common control. At the year end the company owed £1,215,000 (2024: £1,730,000) to its parent entity.