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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 20 Swan Street, First Floor, Manchester, United Kingdom, M4 5JW. |
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(2) Statement of compliance
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| 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. |
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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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below. |
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Sale of goods
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| Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them. |
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Property, plant and equipment
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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:
| | Asset class and depreciation rate | | Land and Buildings | | | Plant and Machinery | | | Short Leasehold Properties | | | Investment Properties | | | Long Leasehold Properties | | | Commercial Vehicles | | | Fixtures and Fittings | 33% straight line | | Equipment | 33% straight line | | Motor Cars | |
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Inventories
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| Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale. |
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Provisions
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Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. When a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material). |
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Employee benefits
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Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. |
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(4) Critical accounting judgements and key sources of estimation uncertainty
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Fair value of investment property
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The investment properties were valued at 31 October 2025 by the directors on an open market value basis, having regard to recent transaction prices for comparable properties in the same area and current market conditions. The valuation was not carried out by an independent qualified valuer.
If the investment properties had been accounted for under the historical cost accounting rules, it would have been included at a cost of £1,083,120 (2024: £504,636) |
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(5) Employees
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| During the year, the average number of employees including director was 3 (2024 : 3). |
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(6) Fixed assets
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| Tangible
£ | Investments
Property
£ | Totals
£ | | Cost | | | | | As at 01 November 2024 | 3,154 | 504,636 | 507,790 | | Additions | 16,581 | 668,937 | 685,518 | | Disposals | - | (90,453) | (90,453) | | Revaluation | - | 128,578 | 128,578 | | As at 31 October 2025 | 19,735 | 1,211,698 | 1,231,433 | | Depreciation/Amortisation | | | | | As at 01 November 2024 | 1,577 | - | 1,577 | | For the year | 6,578 | - | 6,578 | | As at 31 October 2025 | 8,155 | - | 8,155 | | Net book value | | | | | As at 31 October 2025 | 11,580 | 1,211,698 | 1,223,278 | | As at 31 October 2024 | 1,577 | 504,636 | 506,213 |
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