(Registration number: 04465991)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	77,096	1,350,605
Investment property	5	5,007,500	3,000,000
		5,084,596	4,350,605
Current assets
Debtors	6	1,598	24,004
Cash at bank and in hand		12,210	7,341
		13,808	31,345
Creditors: Amounts falling due within one year	7	(658,049)	(752,129)
Net current liabilities		(644,241)	(720,784)
Total assets less current liabilities		4,440,355	3,629,821
Creditors: Amounts falling due after more than one year	7	(3,008,410)	(2,661,981)
Net assets		1,431,945	967,840
Capital and reserves
Called up share capital	9	100	100
Share premium reserve		609,210	609,210
Revaluation reserve		2,058,940	1,000,000
Profit and loss account		(1,236,305)	(641,470)
Total equity		1,431,945	967,840

(Registration number: 04465991)
Balance Sheet as at 31 July 2025

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 20 October 2026 and signed on its behalf by:
 

.........................................

A N Bailey
Director

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 July 2025

1	Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Old Chapel
16 Oakfield Road
Bristol
BS8 2AP

2	Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

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

Going concern

The company’s financial statements have been prepared on a going concern basis. The directors have considered a period of twelve months from the date of approval of the financial statements and believe that the company is able to meet liabilities as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised, using the accrual model, at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 July 2025

Tangible fixed assets

Tangible fixed assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Improvements to properties	5% straight line
Furniture, fittings and equipment	20% straight line
Plant and machinery	10% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuations use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are recognised at the transaction price.

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 July 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2024 - 23).

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 July 2025

4	Tangible fixed assets

	Land and buildings £	Improvements to properties  £	Fixtures, fittings and equipment £	Plant and machinery £	Total £
Cost
At 1 July 2024	948,560	397,948	23,474	107,841	1,477,823
Additions	-	6,729	-	-	6,729
Disposals	-	(377,880)	(9,675)	(13,925)	(401,480)
Transfers to investment properties	(948,560)	-	-	-	(948,560)
At 31 July 2025	-	26,797	13,799	93,916	134,512
Depreciation
At 1 July 2024	-	73,837	12,036	41,345	127,218
Charge for the period	-	1,328	2,569	9,392	13,289
Eliminated on disposal	-	(72,795)	(6,070)	(4,226)	(83,091)
At 31 July 2025	-	2,370	8,535	46,511	57,416
Carrying amount
At 31 July 2025	-	24,427	5,264	47,405	77,096
At 30 June 2024	948,560	324,111	11,438	66,496	1,350,605

Freehold properties have not been depreciated as any charge would not be material. This is because the building is expected to be kept in such a state that its useful life will be substantially longer than 50 years.

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 July 2025

5	Investment properties

	2025 £
At 1 July 2023	3,000,000
Transfers from Tangible assets	948,560
Fair value adjustments	1,058,940
At 31 July 2024	5,007,500

The fair value of investment property has been determined by the directors with reference to their knowledge of the local property market and current prices of similar properties.

6	Debtors: amounts falling due within one year

	2025 £	2024 £
Trade debtors	-	23,874
Amounts owed by group undertakings	1,135	130
Other debtors	463	-
	1,598	24,004

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 July 2025

7

Creditors

	Note	2025 £	2024 £
Amounts falling due within one year
Bank loans		96,155	83,319
Trade creditors		9,092	13,785
Amounts owed to group undertakings		27,546	2,842
Taxation and social security		36,606	106,571
Other creditors		29,110	38,830
Accruals and deferred income		10,341	42,946
Directors' loan accounts	8	285,045	322,165
Mortgage loan		62,014	69,671
Investment properties mortgage loan		102,140	72,000
		658,049	752,129

	Note	2025 £	2024 £
Due after one year
Bank loans	8	120,842	194,452
Mortgage loan	8	712,467	598,524
Investment properties mortgage loan	8	2,175,101	1,869,005
		3,008,410	2,661,981