REGISTERED NUMBER: 14364074 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

UK Real Estate Assets Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

5

5,681

4,169

Investment property

6

2,710,000

2,801,778

2,715,681

2,805,947

Current assets

Debtors

7

10,084

5,416

Cash at bank

19,671

7,651

29,755

13,067

Creditors

Amounts falling due within one year

8

(987,381

)

(867,071

)

Net current liabilities

(957,626

)

(854,004

)

Total assets less current liabilities

1,758,055

1,951,943

Creditors

Amounts falling due after more than one year

9

(2,004,313

)

(2,086,396

)

Net liabilities

(246,258

)

(134,453

)

Capital and reserves

Called up share capital

300

300

Fair value reserve

11

(185,508

)

(93,730

)

Retained earnings

(61,050

)

(41,023

)

(246,258

)

(134,453

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2026 and were signed by:

Mr G J Harris - Director

1.	Statutory information

UK Real Estate Assets Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14364074

Registered office:

167-169 Great Portland Street

5th Floor

London

W1W 5PF

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and equipment

-

15% p.a. reducing balance

Equipment

-

15% p.a. reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Going concern

The accounts have been prepared on the going concern basis despite the company having a balance sheet deficit at the year end.

The directors have invested money in the company and the amount owed to them is shown in creditors amounts falling due within one year. There is no intention to repay this amount in the foreseeable future and they intend to support the company to ensure it can meet its liabilities as they fall due.They are therefore of the opinion that the company will continue in operational existence but have not assessed a period in excess of 12 months from the balance sheet date.

4.	Employees and directors

The average number of employees during the year was 2 (2025 - 2 ) .

5.	Tangible fixed assets

Plant and

equipment

Equipment

Totals

£

£

£

Cost

At 1 April 2025

499

4,803

5,302

Additions

-

2,343

2,343

At 31 March 2026

499

7,146

7,645

Depreciation

At 1 April 2025

19

1,114

1,133

Charge for year

72

759

831

At 31 March 2026

91

1,873

1,964

Net book value

At 31 March 2026

408

5,273

5,681

At 31 March 2025

480

3,689

4,169

6.	Investment property

Total

£

Fair value

At 1 April 2025

2,801,778

Revaluations

(91,778

)

At 31 March 2026

2,710,000

Net book value

At 31 March 2026

2,710,000

At 31 March 2025

2,801,778

Fair value at 31 March 2026 is represented by:

£

Valuation in 2025

(93,730

)

Valuation in 2026

(91,778

)

Cost

2,895,508

2,710,000

Investment properties have been individually valued by the directors and are being carried on the Balance Sheet at market values.

The total historical cost of the properties is £2,895,508.

7.

Debtors: amounts falling due within one year

31.3.26

31.3.25

£

£

Other debtors

10,084

5,416

8.

Creditors: amounts falling due within one year

31.3.26

31.3.25

£

£

Bank loans and overdrafts

17,083

24,999

Other creditors

60

60

Directors' current accounts

967,064

839,012

Accrued expenses

3,174

3,000

987,381

867,071

9.

Creditors: amounts falling due after more than one year

31.3.26

31.3.25

£

£

Bank loans - 1-2 years

-

17,083

Bank loans more 5 yrs non-inst

2,004,313

2,069,313

2,004,313

2,086,396

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

2,004,313

2,069,313

10.	Secured debts

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

2,021,396

2,111,395

Bank mortgages are secured on the investment properties held on the Balance Sheet.

11.

Reserves

Fair value

reserve

£

At 1 April 2025

(93,730

)

Revaluation

(91,778

)

At 31 March 2026

(185,508

)

Profit and loss account - This reserve records distributable retained earnings and accumulated losses.