|
(1) General Information
|
| The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ. |
|
|
|
(2) Statement of compliance
|
| These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime. |
|
|
|
|
(3) Significant Accounting Policies
|
|
Basis of Preparation
|
|
The financial statements have been prepared in accordance with FRS 102 Section 1A and the Companies Act 2006, under the historical cost convention modified by the measurement of investment property at fair value.
The presentation and functional currency of the company is pounds sterling. The financial statements are presented in whole pounds (£) unless stated otherwise. |
|
|
Property, plant and equipment
|
|
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.
Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:
Fixtures and fittings are depreciated over five years with a nil residual value. Depreciation commences when the assets are available for use and is apportioned for part-year periods. | | Asset class and depreciation rate | | Land and Buildings | | | Plant and Machinery | | | Short Leasehold Properties | | | Investment Properties | | | Long Leasehold Properties | | | Commercial Vehicles | | | Fixtures and Fittings | 20% straight line | | Equipment | | | Motor Cars | |
|
|
Investment property
|
|
Investment property is property held to earn rentals or for capital appreciation, or both.
Investment property is initially recognised at cost, including directly attributable transaction costs. Subsequently, it is measured at fair value at each reporting date, with changes in fair value recognised in profit or loss. Investment property measured at fair value is not depreciated. |
|
|
Going concern
|
|
| At 31 December 2025, the company had net liabilities of £29,248. The director has confirmed her intention not to seek repayment of her loan and her willingness and ability to provide further financial support as required for at least twelve months from the date of approval of these financial statements. |
|
|
|
|
(4) Critical accounting judgements and key sources of estimation uncertainty
|
|
General
|
|
In preparing the financial statements, the director makes judgements, estimates and assumptions that affect the carrying amounts of assets and liabilities. Actual results may differ from these estimates.
Investment property valuation
The investment property is carried at an estimated fair value of £333,675 at 31 December 2025. This is the director's estimate, taking into account an informal agent opinion that the property's market value remained approximately equal to its purchase price. No independent formal valuation was obtained. Changes in market conditions or valuation assumptions could materially affect the carrying amount and the related gain or loss recognised in profit or loss.
Useful life of fixtures and fittings
Fixtures and fittings are depreciated over an estimated useful life of five years with a nil residual value. The useful life and residual value are reviewed at each reporting date. |
|
|
|
|
(5) Employees
|
| During the period, the average number of employees including director was 0 . |
|
|
|
|
(6) Debtors
|
|
Amounts falling due within one year
|
|
| | | 2025 | | | | £ | | | | | | | | | Other debtors | 898 | | | | Prepayments and accrued income | 1,853 | | | | 2,751 | | |
|
|
|
|
(7) Creditors: Amounts falling due within one year
|
| Included in other creditors is an amount of £370,784 owing to the director, Tik Nga Deborah Chim, at 31 December 2025. | | | 2025 | | | | £ | | | | | | | | | | | | | | | | | | | | | Other creditors | 371,182 | | | | Accruals and deferred income | 269 | | | | 371,451 | | |
|
|
|
(8) Share capital and reserves
|
| | Alloted, called up and fully paid: | 2025 | | | | £ | | | | | 100 Ordinary shares of £ 1 each | 100 | | 100 | | - | | | The company has 100 ordinary shares of £1 each, all allotted, called up and fully paid. | | | Retained earnings | | | 2025 | | | | £ | | | | | | Loss of the year | | | (29,348) | | | | | | At 31 December 2025 | | | (29,348) | |
|
|
|
(9) Fixed assets
|
| Tangible
£ | Investments
Property
£ | Totals
£ | | Cost | | | | | Additions | 5,874 | 362,193 | 368,067 | | Revaluation | - | (28,518) | (28,518) | | As at 31 December 2025 | 5,874 | 333,675 | 339,549 | | Depreciation/Amortisation | | | | | For the year | 97 | - | 97 | | As at 31 December 2025 | 97 | - | 97 | | Net book value | | | | | As at 31 December 2025 | 5,777 | 333,675 | 339,452 |
|
|