Comtrack (UK) Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10100550 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

COMTRACK (UK) PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr G O Simonian

REGISTERED OFFICE:

Suite B,

30 Barnes High Street

London

SW13 9LW

REGISTERED NUMBER:

10100550 (England and Wales)

ACCOUNTANTS:

Hovnan & Co Ltd

Chartered Accountants

106 Ashurst Road

Cockfosters

London

EN4 9LG

FIXED ASSETS

Tangible assets

4

3,927

4,909

Investment property

5

1,600,000

1,603,927

1,604,909

CURRENT ASSETS

Debtors

6

155,104

166,944

Cash at bank

2,399

1,158

157,503

168,102

CREDITORS

Amounts falling due within one year

7

14,179

11,000

NET CURRENT ASSETS

143,324

157,102

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,747,251

1,762,011

PROVISIONS FOR LIABILITIES

29,106

29,547

NET ASSETS

1,718,145

1,732,464

CAPITAL AND RESERVES

Called up share capital

8

1,528,270

Fair value reserve

9

84,961

Retained earnings

104,914

119,233

SHAREHOLDERS' FUNDS

1,718,145

1,732,464

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

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

The director acknowledges his 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 director and authorised for issue on 18 September 2026 and were signed by:

Dr G O Simonian - Director

1.	STATUTORY INFORMATION

Comtrack (UK) Properties Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

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

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 etc

-

20% on reducing balance

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.

Investment property is not depreciated.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

15,584

DEPRECIATION

At 1 January 2025

10,675

Charge for year

982

At 31 December 2025

11,657

NET BOOK VALUE

At 31 December 2025

3,927

At 31 December 2024

4,909

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

1,600,000

NET BOOK VALUE

At 31 December 2025

1,600,000

At 31 December 2024

1,600,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2020

113,281

Cost

1,486,719

1,600,000

If investment property had not been revalued it would have been included at the following historical cost:

31.12.25

31.12.24

£

Cost

1,486,719

Investment property was valued on an open market basis on 31 December 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

29,786

41,372

Amounts owed by group undertakings

121,463

121,369

Other debtors

3,855

4,203

155,104

166,944

Included in debtors are balances due from fellow group undertakings of £15,455 (31/12/2024: £15,455) due from Lost Tribe Productions Films Ltd, and £7,196 (31/12/2024:£4,718 CR) due from Comtrack (UK) Ltd and the parent company Comtrack Ventures Ltd of £98,812 (31/12/2024:£105,914 ) These balances are repayable on demand and non-interest bearing.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

4,101

445

Amounts owed to group undertakings

-

4,718

Taxation and social security

804

2,542

Other creditors

9,274

3,295

14,179

11,000

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

1,528,270

Share capital 1

1

1,528,270

9.

RESERVES

Fair

value

reserve

£

At 1 January 2025

and 31 December 2025

84,961

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

Dr G O Simonian

Balance outstanding at start of year

-

5,436

Amounts advanced

(6,000

)

-

Amounts repaid

-

(5,436

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(6,000

)

-

Advances by Director are non-interest bearing and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr G O Simonian.

Dr G O Simonian is director and sole shareholder of the parent company Comtrack Ventures Ltd incorporated in Cyprus. The consolidated financial statements of Comtrack Ventures Ltd for the year ended 31 December 2025 can be obtained from 9 Tasou Mitsopoulou, Castella Court 2, Office 211, 6028 Larnaca Cyprus.