ACCOUNTS - Final Accounts preparation

Registered number: 16492599

MEDRESCO HOUSE LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2026

MEDRESCO HOUSE LTD

REGISTERED NUMBER: 16492599

BALANCE SHEET

AS AT 30 JUNE 2026

		2026
Note		£

Fixed assets
Investment property			8,408,592
			8,408,592
Current assets
Debtors: amounts falling due within one year	5	61,840
Cash at bank and in hand	6	13,931
		75,771
Creditors: amounts falling due within one year	7	(3,840,176)
Net current (liabilities)/assets			(3,764,405)
Total assets less current liabilities			4,644,187
Creditors: amounts falling due after more than one year	8		(4,684,247)

Net (liabilities)/assets			(40,060)

Capital and reserves
Called up share capital			1,500
Profit and loss account			(41,560)
			(40,060)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 September 2026.

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MEDRESCO HOUSE LTD

REGISTERED NUMBER: 16492599

BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2026

Ebrahim Abbassian

Director

The notes on pages 3 to 7 form part of these financial statements.

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MEDRESCO HOUSE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2026

1.	General information

The company is a private company limited by shares and registered in England and Wales. The company incorporated on 3 June 2025 as a property investment company. The company's registered number and registered office address can be found on the Company Information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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MEDRESCO HOUSE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2026

2.Accounting policies (continued)

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 3.

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MEDRESCO HOUSE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2026

4.	Investment property

		Freehold investment property
		£
	Valuation
	Additions at cost	8,408,592
	At 30 June 2026	8,408,592

The 2026 valuations were made by directors, on an open market value basis.

Debtors

					2026
					£


	Trade debtors	3
	Other debtors	1,000
	Prepayments and accrued income	60,837
		61,840

6.	Cash and cash equivalents
		2026
		£

	Cash at bank and in hand	13,931
		13,931

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MEDRESCO HOUSE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2026

7.	Creditors: Amounts falling due within one year
		2026
		£

	Bank loan	265,753
	Trade creditors	7,967
	Other creditors	40,615
	Other creditors	3,524,041
	Accruals	1,800
		3,840,176

8.	Creditors: Amounts falling due after more than one year
		2026
		£

	Bank loans	4,684,247
		4,684,247

9.	Loans
	Analysis of the maturity of loans is given below:
		2026
		£


	Amounts falling due 1-2 years
	Bank loans	265,753
		265,753
	Amounts falling due 2-5 years
	Bank loans	4,418,494
		4,418,494

		4,684,247

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MEDRESCO HOUSE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2026

10.	Related party transactions
	At the year end, the Company owed £1,762,020 to Darvish (London) Properties Ltd and £1,762,020 to Paramount UK Holdings Ltd. Darvish (London) Properties Ltd and Paramount UK Holdings Ltd each hold 50% of the issued share capital of the Company. The amounts owed are unsecured, interest-free and repayable on demand. No interest was charged during the year.

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