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REGISTERED NUMBER: 04442793 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Executive Homes (North London) Limited

Executive Homes (North London) Limited (Registered number: 04442793)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Executive Homes (North London) Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: J J O'Brien
S Oliver





SECRETARY: S Oliver





REGISTERED OFFICE: Magic House
5-11 Green Lanes
London
N13 4TN





REGISTERED NUMBER: 04442793 (England and Wales)





ACCOUNTANTS: Key Ledgers
C204, Cunningham House
19-21 Westfield Lane
Harrow
HA3 9ED

Executive Homes (North London) Limited (Registered number: 04442793)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 2,280,000 2,280,000
Investment property 6 7,250,000 7,250,000
9,530,000 9,530,000

CURRENT ASSETS
Stocks 4,431,098 4,250,142
Debtors 7 31,543 42,427
Cash at bank 54,746 55,830
4,517,387 4,348,399
CREDITORS
Amounts falling due within one year 8 6,527,705 6,394,472
NET CURRENT LIABILITIES (2,010,318 ) (2,046,073 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,519,682

7,483,927

CREDITORS
Amounts falling due after more than
one year

9

(4,402,322

)

(4,439,045

)

PROVISIONS FOR LIABILITIES (977,103 ) (977,103 )
NET ASSETS 2,140,257 2,067,779

Executive Homes (North London) Limited (Registered number: 04442793)

Balance Sheet - continued
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 10 966,400 966,400
Retained earnings 1,173,855 1,101,377
2,140,257 2,067,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





S Oliver - Director


Executive Homes (North London) Limited (Registered number: 04442793)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Executive Homes (North London) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Executive Homes (North London) Limited (Registered number: 04442793)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 13,485
DEPRECIATION
At 1 October 2022
and 30 September 2023 13,485
NET BOOK VALUE
At 30 September 2023 -

Executive Homes (North London) Limited (Registered number: 04442793)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 October 2022
and 30 September 2023 2,280,000
NET BOOK VALUE
At 30 September 2023 2,280,000
At 30 September 2022 2,280,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 7,250,000
NET BOOK VALUE
At 30 September 2023 7,250,000
At 30 September 2022 7,250,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.9.23 30.9.22
£    £   
Trade debtors 21,264 11,686
Other debtors 10,279 30,741
31,543 42,427

Executive Homes (North London) Limited (Registered number: 04442793)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.9.23 30.9.22
£    £   
Trade creditors 28,263 34,953
Amounts owed to group undertakings 6,138,387 6,138,386
Taxation and social security 29,830 10,420
Other creditors 331,225 210,713
6,527,705 6,394,472

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 4,402,322 4,439,045

10. RESERVES
Revaluatio
reserve
£   
At 1 October 2022
and 30 September 2023 966,400