Registered Number <ae:CompaniesHouseRegisteredNumber>

<gc:EntityCurrentLegalName>

Report and Accounts

<gc:BalanceSheetDate>


<gc:EntityCurrentLegalName> Registered Number <ae:CompaniesHouseRegisteredNumber>

Company Information


Registered Office:
<gc:AddressLine1>
<gc:CityOrTown>
<gc:Country>
<gc:Postcode>

Business Address:
<ae:DescriptionBusinessAddress>
<gc:AddressLine1>
<gc:CityOrTown>
<gc:Country>
<gc:Postcode>


Reporting Accountants:
<ae:NameAccountants>
<ae:DescriptionAccountants>
<gc:AddressLine1>
<gc:CityOrTown>
<gc:Postcode>

Bankers:
<ae:NameBankers>
<gc:AddressLine1>
<gc:CityOrTown>
<gc:Postcode>

Solicitors:
<ae:NameSolicitors>
<gc:AddressLine1>
<gc:CityOrTown>
<gc:Postcode>

VAT registration number <ae:VATRegistrationNumber>

<gc:EntityCurrentLegalName> Registered Number <ae:CompaniesHouseRegisteredNumber>

Directors' Report

The directors present their report and accounts for the year ended <gc:BalanceSheetDate>.

Principal Activity

<gc:EntityBusinessDescription>
<ae:DirectorsReportGeneralText>

Political And Charitable Donations

<ae:PoliticalCharitableDonationsText>

Directors: <pt:DirectorOrExecutivesName>
<pt:DirectorOrExecutivesName> Resigned <ae:DateResignation>
<pt:DirectorOrExecutivesName> Appointed <pt:DateAssumedPosition>
Secretary: <ae:CompanySecretarysName>
The following directors who served during the year and their interests in the share capital of the Company:

2005
2004
<pt:DirectorOrExecutivesName> (<pt:DescriptionSharesOrDebentures>) <pt:SharesDirectorOrExecutive> <pt:SharesDirectorOrExecutive>
<pt:DirectorOrExecutivesName> (<pt:DescriptionSharesOrDebentures>) <pt:SharesDirectorOrExecutive>
<pt:DirectorOrExecutivesName> (<pt:DescriptionSharesOrDebentures>) <pt:SharesDirectorOrExecutive>

<ae:DirectorsShareCapitalFreeTextNote>

<ae:DirectorsReportFreeTextNote>

This report was approved by the board on <ae:DateApprovalDirectorsReport>

And signed on their behalf by:
<ae:NamePersonApprovingDirectorsReport>, <ae:PositionPersonApprovingDirectorsReport>
<ae:NamePersonApprovingDirectorsReport>, <ae:PositionPersonApprovingDirectorsReport>

This document was delivered using electronic communications and authenticated in accordance with section 707B(2) of the Companies Act 1985.


<gc:EntityCurrentLegalName> Registered Number <ae:CompaniesHouseRegisteredNumber>

Profit and Loss Account for the year ending 31 October 2005

Notes 2005 2004
£ £
Turnover <pt:TurnoverGrossOperatingRevenue> <pt:TurnoverGrossOperatingRevenue>
Cost of Sales <pt:CostSales> <pt:CostSales>
Gross profit or loss <pt:GrossProfitLoss> <pt:GrossProfitLoss>
Distribution costs <pt:DistributionCosts> <pt:DistributionCosts>
Administration costs 14 <pt:AdministrativeExpenses> <pt:AdministrativeExpenses>
Operating profit / (loss) 3 <pt:TotalOperatingProfitLoss> <pt:TotalOperatingProfitLoss>
Other Income
bank interest <pt:TotalInterestPayableReceivableNet> <pt:TotalInterestPayableReceivableNet>
Profit / (loss) on ordinary activities before taxation <pt:ProfitLossOnOrdinaryActivitiesBeforeTax> <pt:ProfitLossOnOrdinaryActivitiesBeforeTax>
Taxation 4 <pt:TaxRelatedToProfitOrLossOnOrdinaryActivities> <pt:TaxRelatedToProfitOrLossOnOrdinaryActivities>
Profit / (loss) on ordinary activities after taxation <pt:ProfitLossOnOrdinaryActivitiesAfterTax> <pt:ProfitLossOnOrdinaryActivitiesAfterTax>
Dividends <pt:GrossDividendPayment-AllShares> <pt:GrossDividendPayment-AllShares>
Retained profit/(loss) for the financial year <pt:RetainedProfitLossForFinancialYearTransferredToReserves> <pt:RetainedProfitLossForFinancialYearTransferredToReserves>
Profit/(loss) brought forward <pt:ProfitLossAccountReserve> <pt:ProfitLossAccountReserve>
Retained profit/(loss) as of year end <pt:ProfitLossAccountReserve> <pt:ProfitLossAccountReserve>

<gc:EntityCurrentLegalName> Registered Number <ae:CompaniesHouseRegisteredNumber>

Balance Sheet as at <gc:BalanceSheetDate>

Notes 2005 2004
2
£ £ £ £
Called up share capital not paid <pt:CalledUpShareCapitalNotPaidNotExpressedAsCurrentAsset> <pt:CalledUpShareCapitalNotPaidNotExpressedAsCurrentAsset>
Fixed assets 5
Intangible <pt:IntangibleFixedAssets> <pt:IntangibleFixedAssets>
Tangible <pt:TangibleFixedAssets> <pt:TangibleFixedAssets>
Investments <pt:TotalInvestmentsFixedAssets> <pt:TotalInvestmentsFixedAssets>
Investment property <pt:InvestmentProperties> <pt:InvestmentProperties>
<pt:FixedAssets> <pt:FixedAssets>
Current assets
Stocks <pt:StocksInventory> <pt:StocksInventory>
Debtors 6 <pt:Debtors> <pt:Debtors>
Investments <pt:InvestmentsCurrentAssets> <pt:InvestmentsCurrentAssets>
Cash at bank and in hand <pt:CashBankInHand> <pt:CashBankInHand>
Total current assets <pt:CurrentAssets> <pt:CurrentAssets>
Prepayments and accrued income <pt:PrepaymentsAccruedIncomeNotExpressedWithinCurrentAssetSub-total> <pt:PrepaymentsAccruedIncomeNotExpressedWithinCurrentAssetSub-total>
Creditors: amounts falling due within one year 7, 9 <pt:CreditorsDueWithinOneYearTotalCurrentLiabilities> <pt:CreditorsDueWithinOneYearTotalCurrentLiabilities>
Net current assets (liabilities) <pt:NetCurrentAssetsLiabilities> <pt:NetCurrentAssetsLiabilities>
Total assets less current liabilities <pt:TotalAssetsLessCurrentLiabilities> <pt:TotalAssetsLessCurrentLiabilities>
Creditors: amounts falling due after more than one year 8, 9 <pt:CreditorsDueAfterOneYearTotalNoncurrentLiabilities> <pt:CreditorsDueAfterOneYearTotalNoncurrentLiabilities>
Provisions for liabilities and charges <pt:ProvisionsForLiabilitiesCharges> <pt:ProvisionsForLiabilitiesCharges>
Accruals and deferred income <pt:AccrualsDeferredIncome> <pt:AccrualsDeferredIncome>
Total net assets (liabilities) <pt:NetAssetsLiabilitiesIncludingPensionAssetLiability> <pt:NetAssetsLiabilitiesIncludingPensionAssetLiability>
Capital and reserves
Called up share capital 10 <pt:CalledUpShareCapital> <pt:CalledUpShareCapital>
Share premium account <pt:SharePremiumAccount> <pt:SharePremiumAccount>
Revaluation reserve <pt:RevaluationReserve> <pt:RevaluationReserve>
Other reserves <pt:OtherAggregateReserves> <pt:OtherAggregateReserves>
Profit and loss account 11 <pt:ProfitLossAccountReserve> <pt:ProfitLossAccountReserve>
Shareholders funds <pt:ShareholderFunds> <pt:ShareholderFunds>

    Approved by the board on <pt:DateApproval>

    And signed on their behalf by:
    <pt:NameApprovingDirector>, Director
    <pt:NameAdditionalApprovingPerson>, <pt:PositionAdditionalApprovingPerson>
    <pt:NameAdditionalApprovingPerson>, <pt:PositionAdditionalApprovingPerson>

    This document was delivered using electronic communications and authenticated in accordance with section 707B(2) of the Companies Act 1985.


    <gc:EntityCurrentLegalName> Registered Number <ae:CompaniesHouseRegisteredNumber>

    Notes to the Accounts

    For the year ending <gc:BalanceSheetDate>
    1

    Accounting policies

    <ae:AccountingPolicySubTitle>

    The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Small Entities (effective <ae:FRSSEVersionDate>)

    <ae:TitleAccountingPolicy>
    <ae:ContentAccountingPolicy>

    <ae:TitleAccountingPolicy>
    <ae:ContentAccountingPolicy>

    Depreciation

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

    <ae:CategoryItem> NaN <ae:TypeDepreciation>
    <ae:CategoryItem> NaN <ae:TypeDepreciation>
    <ae:CategoryItem> NaN <ae:TypeDepreciation>
    <ae:CategoryItem> NaN <ae:TypeDepreciation>
    <ae:CategoryItem> NaN <ae:TypeDepreciation>
    2

    Exchange rate

    <ae:ForeignExchangeRate>

    3

    Operating profit

    2005 2004
    This is stated after charging £ £
    Depreciation of owned fixed assets <pt:DepreciationAmountsWrittenOffFixedAssets> <pt:DepreciationAmountsWrittenOffFixedAssets>
    Operating lease costs <pt:OperatingLeaseExpenditure> <pt:OperatingLeaseExpenditure>
    Auditors remuneration <pt:TotalFeesToAuditors> <pt:TotalFeesToAuditors>
    <ae:ChargesBeforeOperatingProfit> <ae:ChargesBeforeOperatingProfit>
    4

    Taxation

    2005 2004
    £ £
    UK Corporation tax <pt:TotalUKCurrentCorporationTax> <pt:TotalUKCurrentCorporationTax>
    Deferred tax <pt:TotalDeferredTax> <pt:TotalDeferredTax>
    <pt:TaxRelatedToProfitOrLossOnOrdinaryActivities> <pt:TaxRelatedToProfitOrLossOnOrdinaryActivities>
    5

    Fixed Assets

    Intangible Assets Tangible Assets Investments Investment Property Total
    Cost or valuation £ £ £ £ £
    At 01 November 2004 <pt:IntangibleFixedAssetsCostOrValuation> <pt:TangibleFixedAssetsCostOrValuation> <pt:TotalFixedAssetInvestmentsCostOrValuation> <pt:InvestmentPropertiesCostOrValuation> <ae:TotalFixedAssetsCostOrValuation>
    Additions <pt:IntangibleFixedAssetsAdditions> <pt:TangibleFixedAssetsAdditions> <pt:TotalFixedAssetInvestmentsAdditions> <pt:InvestmentPropertiesAdditions> <ae:TotalFixedAssetsAdditions>
    Disposals <pt:IntangibleFixedAssetsDisposals> <pt:TangibleFixedAssetsDisposals> <pt:TotalFixedAssetInvestmentsDisposals> <pt:InvestmentPropertiesDisposals> <ae:TotalFixedAssetsDisposals>
    Revaluations <ae:IntangibleFixedAssetsRevaluation> <pt:TangibleFixedAssetsIncreaseDecreaseFromRevaluations> <ae:InvestmentsFixedAssetsRevaluations> <pt:InvestmentPropertiesIncreaseDecreaseFromRevaluations> <ae:TotalFixedAssetsRevaluation>
    Transfers <pt:IntangibleFixedAssetsIncreaseDecreaseFromTransfersBetweenItems> <pt:TangibleFixedAssetsIncreaseDecreaseFromTransfersBetweenItems> <ae:InvestmentsFixedAssetsIncreaseDecreaseFromTransfersBetweenItems> <pt:InvestmentPropertiesIncreaseDecreaseFromTransfersBetweenItems> <ae:TotalFixedAssetsIncreaseDecreaseFromTransfersBetweenItems>
    At 31 October 2005 <pt:IntangibleFixedAssetsCostOrValuation> <pt:TangibleFixedAssetsCostOrValuation> <pt:TotalFixedAssetInvestmentsCostOrValuation> <pt:InvestmentPropertiesCostOrValuation> <ae:TotalFixedAssetsCostOrValuation>

    Depreciation
    At 01 November 2004 <pt:IntangibleFixedAssetsAggregateAmortisationImpairment> <pt:TangibleFixedAssetsDepreciation> <ae:InvestmentsFixedAssetsDepreciation> <pt:InvestmentPropertiesDepreciation> <ae:TotalFixedAssetsDepreciation>
    Charge for year <pt:IntangibleFixedAssetsAmortisationChargedInPeriod> <pt:TangibleFixedAssetsDepreciationChargeForPeriod> <ae:InvestmentsFixedAssetsDepreciationChargedInPeriod> <pt:InvestmentPropertiesDepreciationChargeForPeriod> <ae:TotalFixedAssetsDepreciationChargeInPeriod>
    On disposals <pt:IntangibleFixedAssetsAmortisationOnDisposals> <pt:TangibleFixedAssetsDepreciationDisposals> <ae:InvestmentsFixedAssetsDepreciationOnDisposals> <pt:InvestmentPropertiesDepreciationDisposals> <ae:TotalFixedAssetsDepreciationDisposals>
    Transfers <pt:IntangibleFixedAssetsAmortisationIncreaseDecreaseFromTransfersBetweenItems> <pt:TangibleFixedAssetsDepreciationIncreaseDecreaseFromTransfersBetweenItems> <ae:InvestmentsFixedAssetsDepreciationOnTransfers> <pt:InvestmentPropertiesDepreciationIncreaseDecreaseFromTransfersBetweenItems> <ae:TotalFixedAssetsDepreciationOnTransfers>
    Other adjustments <ae:IntangibleFixedAssetsAmortisationOtherAdjustments> <ae:TangibleFixedAssetsDepreciationOtherAdjustments> <ae:InvestmentsFixedAssetsDepreciationOtherAdjustments> <ae:InvestmentPropertyDepreciationOtherAdjustments> <ae:TotalFixedAssetsDepreciationOtherAdjustments>
    At 31 October 2005 <pt:IntangibleFixedAssetsAggregateAmortisationImpairment> <pt:TangibleFixedAssetsDepreciation> <ae:InvestmentsFixedAssetsDepreciation> <pt:InvestmentPropertiesDepreciation> <ae:TotalFixedAssetsDepreciation>

    Net Book Value
    At 31 October 2005 <pt:IntangibleFixedAssets> <pt:TangibleFixedAssets> <pt:TotalInvestmentsFixedAssets> <pt:InvestmentProperties> <pt:FixedAssets>
    At 31 October 2004 <pt:IntangibleFixedAssets> <pt:TangibleFixedAssets> <pt:TotalInvestmentsFixedAssets> <pt:InvestmentProperties> <pt:FixedAssets>

    <ae:TotalFixedAssetsFreeTextNote>

    6

    Debtors

    <ae:DebtorsFreeTextNote>
    2005 2004
    £ £
    Trade debtors <pt:TradeDebtors> <pt:TradeDebtors>
    Called up share capital not paid (Current Asset) <pt:CalledUpShareCapitalNotPaidCurrentAsset> <pt:CalledUpShareCapitalNotPaidCurrentAsset>
    Prepayments and accrued income <pt:PrepaymentsAccruedIncomeCurrentAsset> <pt:PrepaymentsAccruedIncomeCurrentAsset>
    Other debtors <pt:OtherDebtors> <pt:OtherDebtors>
    <pt:Debtors> <pt:Debtors>
    7

    Creditors: amounts falling due within one year

    <ae:CreditorsDueWithinOneYearFreeTextNote>
    2005 2004
    £ £
    Bank loans and overdrafts <pt:BankLoansOverdraftsWithinOneYear> <pt:BankLoansOverdraftsWithinOneYear>
    Trade creditors <pt:TradeCreditorsWithinOneYear> <pt:TradeCreditorsWithinOneYear>
    Accruals and deferred income <pt:AccrualsDeferredIncomeWithinOneYear> <pt:AccrualsDeferredIncomeWithinOneYear>
    Other creditors <pt:OtherCreditorsDueWithinOneYear> <pt:OtherCreditorsDueWithinOneYear>
    <pt:CreditorsDueWithinOneYearTotalCurrentLiabilities> <pt:CreditorsDueWithinOneYearTotalCurrentLiabilities>
    8

    Creditors: amounts falling due after more than one year

    <ae:CreditorsDueAfterOneYearFreeTextNote>
    £ £
    Bank loans and overdrafts <pt:BankLoansOverdraftsAfterOneYear> <pt:BankLoansOverdraftsAfterOneYear>
    Obligations under finance leases <pt:ObligationsUnderFinanceLeaseHirePurchaseContractsAfterOneYear> <pt:ObligationsUnderFinanceLeaseHirePurchaseContractsAfterOneYear>
    Loans from directors <ae:LoansFromDirectors> <ae:LoansFromDirectors>
    Other creditors <pt:OtherCreditorsAfterOneYear> <pt:OtherCreditorsAfterOneYear>
    <pt:CreditorsDueAfterOneYearTotalNoncurrentLiabilities> <pt:CreditorsDueAfterOneYearTotalNoncurrentLiabilities>
    9

    Creditors

    2005 2004
    £ £
    Instalment debts falling due after 5 years <ae:InstalmentDebtsFallingDueAfter5Years> <ae:InstalmentDebtsFallingDueAfter5Years>
    Non-instalment debts falling due after 5 years <ae:Non-InstalmentDebtsFallingDueAfter5Years> <ae:Non-InstalmentDebtsFallingDueAfter5Years>
    Secured Debts <ae:SecuredDebts> <ae:SecuredDebts>
    <ae:AggregateCreditorsFreeTextNote>
    10

    Share capital

    2005 2004
    £ £
    Authorised share capital:
    <pt:NumberOrdinarySharesAuthorised> <pt:TypeOrdinaryShare> of £<pt:ParValueOrdinaryShare> each <pt:ValueOrdinarySharesAuthorised><pt:ValueOrdinarySharesAuthorised> <pt:ValueOrdinarySharesAuthorised><pt:ValueOrdinarySharesAuthorised>
    <pt:NumberOrdinarySharesAuthorised> <pt:TypeOrdinaryShare> of £<pt:ParValueOrdinaryShare> each <pt:ValueOrdinarySharesAuthorised><pt:ValueOrdinarySharesAuthorised> <pt:ValueOrdinarySharesAuthorised><pt:ValueOrdinarySharesAuthorised>
    <pt:NumberNonEquitySharesAuthorised> <pt:TypeNonEquityShare> of £<pt:ParValueNonEquityShare> each <pt:ValueNonEquitySharesAuthorised> <pt:ValueNonEquitySharesAuthorised>
    Allotted, called up and fully paid:
    <pt:NumberOrdinarySharesAllotted> <pt:TypeOrdinaryShare> of £<pt:ParValueOrdinaryShare> each <pt:ValueOrdinarySharesAllotted><pt:ValueOrdinarySharesAllotted> <pt:ValueOrdinarySharesAllotted><pt:ValueOrdinarySharesAllotted>
    <pt:NumberOrdinarySharesAllotted> <pt:TypeOrdinaryShare> of £<pt:ParValueOrdinaryShare> each <pt:ValueOrdinarySharesAllotted><pt:ValueOrdinarySharesAllotted> <pt:ValueOrdinarySharesAllotted><pt:ValueOrdinarySharesAllotted>
    <pt:NumberNonEquitySharesAllotted> <pt:TypeNonEquityShare> of £<pt:ParValueNonEquityShare> each <pt:ValueNonEquitySharesAllotted> <pt:ValueNonEquitySharesAllotted>
    Ordinary shares issued in the year:
    <pt:TotalNumberSharesIssued> <pt:TypeOrdinaryShare> of £<pt:ParValueOrdinaryShare> each were issued in the year with a nominal value of £<pt:TotalNominalValue>, for a consideration of £<pt:TotalConsideration>
    Non-equity shares issued in the year:
    <pt:NumberNonEquitySharesAllottedInPeriod> <pt:TypeNonEquityShare> of £<pt:ParValueNonEquityShare> each were issued in the year with a nominal value of £<pt:ValueNonEquitySharesAllottedInPeriod>, for a consideration of £<pt:ConsiderationForNonEquitySharesAllottedInPeriod>
    Redeemable shares:
    <ae:RedeemableSharesFreeTextNote>
    <ae:ShareCapitalFreeTextNote>
    11

    Profit and Loss Account

    2005 2004
    £ £
    Balance brought forward <pt:ProfitLossAccountReserve> <pt:ProfitLossAccountReserve>
    Profit or Loss for the current year <pt:RetainedProfitLossForFinancialYearTransferredToReserves> <pt:RetainedProfitLossForFinancialYearTransferredToReserves>
    Balance carried forward <pt:ProfitLossAccountReserve> <pt:ProfitLossAccountReserve>
    12

    Transactions with directors

    <ae:TransactionsWithDirectors>
    Name Liability at start of period Max. liability during the year Liability at end of period
    <ae:DirectorsName> <ae:DirectorsLiability> <ae:DirectorsMaximumLiability> <ae:DirectorsLiability>
    13

    Related party disclosures

    <pt:StatementOnRelatedPartyDisclosure>
    14

    Admin Costs

    <link:footnote>
    15

    <ae:TitleAdditionalNote>

    <ae:ContentAdditionalNote>
    16

    <ae:TitleAdditionalNote>

    <ae:ContentAdditionalNote>

    Warnings

    BalanceSheetDate does not equal the Y2 context end date (BalanceSheetDate = <gc:BalanceSheetDate>, Y2 context end = 31 October 2005)