(Registration number: 11146106)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Investment property	4	1,365,913	1,365,913
Current assets
Debtors	5	18,906	18,157
Cash at bank and in hand		43,557	61,734
		62,463	79,891
Creditors: Amounts falling due within one year	6	(1,114,530)	(1,193,765)
Net current liabilities		(1,052,067)	(1,113,874)
Net assets		313,846	252,039
Capital and reserves
Called up share capital	7	100	100
Profit and loss account		313,746	251,939
Total equity		313,846	252,039

(Registration number: 11146106)
Balance Sheet as at 31 January 2026

For the financial year ending 31 January 2026 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 year 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised for issue by the Board on 24 September 2026 and signed on its behalf by:
 

 

A J S Hoare
Director

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

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:
40 Chepstow Place
London
W2 4TA

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 £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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; and
it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Investment property

Investment property is carried at fair value to be derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

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 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 initially at the transaction price.

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

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 repayable on demand and are shown at transaction costs which is deemed to be the fair value.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4	Investment properties

	2026 £
At 1 February 2024	1,365,913
At 31 January 2025	1,365,913

Investment properties are carried at fair value, determined by the directors with reference to the condition and location of the property, as well as current observable market prices.

There has been no valuation of investment property by an independent valuer.

5	Debtors: amounts falling due within one year

	2026 £	2025 £
Trade debtors	3,435	12,858
Prepayments and accrued income	15,471	5,299
	18,906	18,157

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

6

Creditors

	Note	2026 £	2025 £
Amounts falling due within one year
Loans and borrowings	8	1,081,501	1,156,501
Trade creditors		-	2,862
Taxation and social security		23,075	24,548
Accruals and deferred income		9,954	9,854
		1,114,530	1,193,765

7	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £0.01 each	10,000	100	10,000	100

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

8	Related party transactions

Loans from related parties

2026	Shareholders £
At start of period	1,156,501
Repaid	(75,000)
At end of period	1,081,501

2025	Shareholders £
At start of period	1,296,500
Repaid	(139,999)
At end of period	1,156,501

A loan totalling £1,470,000 has been provided by the shareholders to the company. The loan is interest free, unsecured and has no fixed repayment date. Repayments are made when distributable profits become available or the property is sold.