At 31 January 2026, the company had net current liabilities of £129,737, including amounts owed to the director of £125,966.

The director has considered the company's forecast cash flows, anticipated rental income and financing obligations for a period of at least 12 months from the date of approval of these financial statements. The director has confirmed that repayment of amounts owed to her will not be sought during that period where this would prevent the company from meeting its liabilities as they fall due.

Having considered these matters, the director considers that the company has adequate resources to continue in operational existence for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.

Turnover comprises rental income from residential investment properties. Rental income from operating leases is recognised on a straight-line basis over the term of the tenancy. Amounts received in advance are deferred and recognised in the period to which they relate.

Interest payable and other borrowing costs are recognised in profit or loss using the effective interest method. Transaction costs directly attributable to obtaining borrowings are included in the initial carrying amount of the liability and recognised over the term of the borrowing.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.