SENECA PROPERTY 104 LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11985590

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		2,473,385		2,473,385

			2,473,385		2,473,385
CURRENT ASSETS
Debtors	5	-		200
Cash at bank and in hand		58,515		36,901

		58,515		37,101
Creditors: Amounts Falling Due Within One Year	6	(2,465,125 )		(1,964,484 )

NET CURRENT ASSETS (LIABILITIES)			(2,406,610 )		(1,927,383 )

TOTAL ASSETS LESS CURRENT LIABILITIES			66,775		546,002

Creditors: Amounts Falling Due After More Than One Year	7		-		(513,036 )

NET ASSETS			66,775		32,966

Profit and Loss Account			66,775		32,966

SHAREHOLDERS' FUNDS			66,775		32,966

Page 1

Page 2

SENECA PROPERTY 104 LIMITED

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Maqsud Patel

Director

15/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

SENECA PROPERTY 104 LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11985590 . The registered office is 70 Batley Business & Technology Centre, Technology Drive, Batley, WF17 6ER.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention, modified to include investment property at fair value, and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. Turnover

Turnover represents rent receivable from the company's investment property, recognised on a straight-line basis over the term of the lease at the fair value of the consideration received or receivable, and is shown net of VAT. Rent received in advance is included within creditors as deferred income.

2.3. Investment Properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting date, determined by the directors with reference to current market rents and investment yields for comparable property. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

2.4. Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price and subsequently carried at amortised cost. Basic financial liabilities, including creditors, bank loans and loans from group undertakings, are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method. Amounts receivable or payable within one year are not amortised.

2.5. Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year, calculated using tax rates that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised on timing differences between taxable profits and total comprehensive income as stated in the financial statements. Deferred tax assets are recognised only to the extent that it is probable that they will be recovered against future taxable profits. Deferred tax is calculated at the tax rates expected to apply when the timing differences reverse. Deferred tax relating to investment property measured at fair value is measured using the tax rates and allowances that apply to the sale of the asset.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

Page 3

Page 4

SENECA PROPERTY 104 LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Investment Property

	2025
	£
Fair Value
As at 1 January 2025 and 31 December 2025	2,473,385

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	2,473,385	2,473,385

The fair value of the investment property at 31 December 2025 has been determined by the directors. On 7 November 2025 AMAJ Limited acquired the entire issued share capital of the company. The consideration for the shares was calculated by reference to an agreed value for the property of £2,475,000, less the company's debts and a rent apportionment. The directors consider that this agreed value, reached between unconnected parties shortly before the year end, supports the carrying amount of the property, and that there has been no material change in its value between that date and the reporting date.

5. Debtors

	2025	2024
	£	£
Due within one year
Corporation tax recoverable assets	-	200

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	9,000
Bank loans and overdrafts	-	1,251,833
Corporation tax	7,088	-
Other taxes and social security	-	9,032
VAT	9,689	-
Other creditors	-	694,619
Accruals and deferred income	46,256	-
Amounts owed to group undertakings	2,402,092	-

	2,465,125	1,964,484

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	4,708
Other creditors	-	508,328

	-	513,036

8. Share Capital

Allotted, called up and fully paid: 1 ordinary share of £0.01 (2024: 1 ordinary share of £0.01). As monetary amounts in these financial statements are rounded to the nearest £, the company's share capital of £0.01 is shown as nil.

Page 4

Page 5

SENECA PROPERTY 104 LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is AMAJ Limited, a company incorporated in England and Wales, which acquired the entire issued share capital of the company on 7 November 2025. Prior to that date the company's immediate parent undertaking was Seneca Property 104H Limited.

At 31 December 2025 the company owed £2,402,092 to AMAJ Limited (2024: £nil), which is included within amounts owed to group undertakings. The loan is unsecured and repayable on demand.

Page 5