REGISTERED NUMBER: 03263789 (England and Wales)

Financial Statements for the Year Ended 31st December 2025

for

Medichem Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T D Allsworth

C A Morris

R Lee

SECRETARY:

C A Morris

REGISTERED OFFICE:

Unit 3 Stalham Business Park

Rushenden Road

Queensborough

Kent

ME11 5HE

REGISTERED NUMBER:

03263789 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Intangible assets

5

5,264

7,177

Tangible assets

6

72,511

88,423

Investments

7

68,508

68,508

Investment property

8

37,966,824

38,228,874

38,113,107

38,392,982

CURRENT ASSETS

Debtors

9

3,994,572

2,901,408

Investments

10

6,694,876

4,881,877

Cash at bank

7,082,752

7,843,114

17,772,200

15,626,399

CREDITORS

Amounts falling due within one year

11

1,454,800

874,169

NET CURRENT ASSETS

16,317,400

14,752,230

TOTAL ASSETS LESS CURRENT LIABILITIES

54,430,507

53,145,212

CREDITORS

Amounts falling due after more than one year

12

(41,206,922

)

(40,662,520

)

PROVISIONS FOR LIABILITIES

(1,558,948

)

(1,594,031

)

NET ASSETS

11,664,637

10,888,661

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

14

5,153,247

5,392,819

Retained earnings

6,511,388

5,495,840

11,664,637

10,888,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th September 2026 and were signed on its behalf by:

T D Allsworth - Director

1.	STATUTORY INFORMATION

Medichem Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The Financial statements contain information about Medichem Properties Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of seven years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance and 10% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

5.	INTANGIBLE FIXED ASSETS

Trademarks

£

COST

At 1st January 2025

and 31st December 2025

13,394

AMORTISATION

At 1st January 2025

6,217

Amortisation for year

1,913

At 31st December 2025

8,130

NET BOOK VALUE

At 31st December 2025

5,264

At 31st December 2024

7,177

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1st January 2025

and 31st December 2025

334,548

DEPRECIATION

At 1st January 2025

246,125

Charge for year

15,912

At 31st December 2025

262,037

NET BOOK VALUE

At 31st December 2025

72,511

At 31st December 2024

88,423

7.	FIXED ASSET INVESTMENTS

Share in

linked

undertaking

£

COST

At 1st January 2025

and 31st December 2025

68,508

NET BOOK VALUE

At 31st December 2025

68,508

At 31st December 2024

68,508

8.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2025

38,228,874

Additions

717,950

Disposals

(980,000

)

At 31st December 2025

37,966,824

NET BOOK VALUE

At 31st December 2025

37,966,824

At 31st December 2024

38,228,874

Fair value at 31st December 2025 is represented by:

£

Valuation in 2017

9,717,030

Valuation in 2018

10,530,000

Valuation in 2020

4,751,950

Valuation in 2020

349,261

Valuation in 2021

21,268

Valuation in 2022

1,355,132

Valuation in 2023

6,187,916

Valuation in 2024

5,316,317

Valuation in 2025

(262,050

)

37,966,824

9.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Other debtors and prepayments

1,888,844

803,009

Amounts falling due after more than one year:

Other debtors

2,105,728

2,098,399

Aggregate amounts

3,994,572

2,901,408

10.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

6,694,876

4,881,877

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

119,905

130,792

Corporation Tax

40,191

-

Other creditors and accruals

1,294,704

743,377

1,454,800

874,169

12.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

121,351

133,415

Bank loans - 2-5 years

364,126

408,726

Bank loans over 5 years

18,327,689

17,312,832

Directors' loan accounts

22,393,756

22,807,547

41,206,922

40,662,520

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years

18,327,689

17,312,832

13.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

18,933,071

17,599,661

Secured on the assets concerned.

14.

RESERVES

Fair

value

reserve

£

At 1st January 2025

5,392,819

Revaluation of fixed assets

(239,572

)

At 31st December 2025

5,153,247