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(1) General Information
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| The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 85-89 Colmore Row, Birmingham, B3 2BB. The company registration number is 11979562. |
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(2) Statement of compliance
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| These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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. |
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(3) Significant Accounting Policies
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Basis of Preparation
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| The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise. |
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Revenue recognition
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| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Other operating income represents income received from the disposal of investments and is recognised when control is transferred. |
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Interest income
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| Interest income is recognised using the effective interest method. |
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Property, plant and equipment
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Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases: | | Asset class and depreciation rate | | Land and Buildings | | | Plant and Machinery | | | Short Leasehold Properties | | | Investment Properties | | | Long Leasehold Properties | | | Commercial Vehicles | | | Fixtures and Fittings | | | Equipment | 20% straight line | | Motor Cars | |
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Investments in subsidiaries, jointly controlled entities or associates
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| Investments in subsidiaries, jointly controlled entities or associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. |
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Financial instruments
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The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, cash and cash equivalents, trade and other payables, and loans and borrowings.
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instruments. |
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Basic financial assets and liabilities
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| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. |
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Cash and cash equivalents
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Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.
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Taxation
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| Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. |
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Current Tax
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The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible.
The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
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Reporting period
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| The company extended its financial year from 31 December 2025 to 31 March 2026, therefore the comparatives are not entirley comparable. |
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(4) Employees
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| During the period, the average number of employees including director was 1 (2024 : 1). |
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(5) Tangible fixed assets
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| Fixtures and Fittings | Equipment | Totals | | £ | £ | £ | | Cost | | | | | Additions | 65,000 | 1,499 | 66,499 | | As at 31 March 2026 | 65,000 | 1,499 | 66,499 | | Depreciation | | | | | As at 31 March 2026 | - | - | - | | Net book value | | | | | As at 31 March 2026 | 65,000 | 1,499 | 66,499 | | As at 31 December 2024 | - | - | - |
Fixtures and fittings were acquired as part of a capital project and are not currently in use.
Depreciation is not charged in the year of acquisition and is not charged on assets held for capital appreciation. |
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(6) Investments
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| Subsidiary
Undertakings | | £ | | Cost | | | As at 01 January 2025 | 240,000 | | Additions | 452,250 | | Disposals | (692,250) | | As at 31 March 2026 | - | | Impairment | | | As at 31 March 2026 | - | | Net book value | | | As at 31 March 2026 | - | | As at 31 December 2024 | 240,000 |
During the period the Company acquired further investments which were subsequently disposed of on 20 January 2026. |
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(7) Debtors
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Amounts falling due within one year
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| | | 2026 | | 2024 | | £ | | £ | | | | | | | Other debtors | 369,513 | | 1 | | | | | | 369,513 | | 1 |
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(8) Creditors: Amounts falling due within one year
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| | | 2026 | | 2024 | | £ | | £ | | | | | | | | | | | | | | | | | | | Other creditors | - | | 264,588 | | Accruals and deferred income | 1,350 | | - | | 1,350 | | 264,588 |
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(9) Share capital and reserves
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| | Alloted, called up and fully paid: | 2026 | | 2024 | | £ | | £ | | | 11 (2024 : 1) Ordinary of £ 1 each | 11 | | 1 | | 11 | | 1 | | | On 15 December 2025 the company issued 10 Ordinary shares of £1 each in the capital of the company up to an aggregate nominal value of £10. | | | Retained earnings | | | 2026 | | | | £ | | At 1 January 2025 | | | (24,588) | | Profit of the year | | | 555,307 | | | | | | At 31 March 2026 | | | 530,719 | |
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(10) Ultimate controlling party
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| The controlling party is N Fleet-Milne by virtue of her shareholding in the business |
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(11) Tax
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| The tax charge for the period differs from the standard rate of corporation tax applied to the profit before taxation because the disposal of the company’s investment is treated as a non‑taxable capital transaction. Accordingly, the majority of the accounting profit for the period is not taxable. |
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