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REGISTERED NUMBER: 14457499 (England and Wales)















Report of the Directors and

Unaudited Financial Statements

for the Period 2 November 2022 to 31 December 2023

for

London BTR Investments
(Gallions Reach) Limited

London BTR Investments
(Gallions Reach) Limited (Registered number: 14457499)






Contents of the Financial Statements
for the Period 2 November 2022 to 31 December 2023




Page

Company information 1

Report of the directors 2

Statement of comprehensive income 4

Statement of financial position 5

Statement of changes in equity 6

Notes to the financial statements 7


London BTR Investments
(Gallions Reach) Limited

Company Information
for the Period 2 November 2022 to 31 December 2023







DIRECTORS: M S McGill
J N Patel
P A Shacalis





SECRETARY: Sigma Capital Property Ltd





REGISTERED OFFICE: Floor 3, 1 St. Ann Street
Manchester
M2 7LR





REGISTERED NUMBER: 14457499 (England and Wales)






London BTR Investments
(Gallions Reach) Limited (Registered number: 14457499)

Report of the Directors
for the Period 2 November 2022 to 31 December 2023

The directors present their report with the financial statements of the company for the period 2 November 2022 to 31 December 2023.

INCORPORATION
The company was incorporated on 2 November 2022 .

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of investment in and development of build to rent property ("BTR") in areas of Greater London.

EVENTS SINCE THE END OF THE PERIOD
Information relating to events since the end of the period is given in the notes to the financial statements.

DIRECTORS
The directors who have held office during the period from 2 November 2022 to the date of this report are as follows:

M D Briselden - appointed 2 November 2022 - resigned 26 June 2023
M S McGill - appointed 26 June 2023
J N Patel - appointed 2 February 2023
Ms N Raghavan - appointed 2 November 2022 - resigned 2 February 2023
P A Shacalis - appointed 2 November 2022

All the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

RESULTS AND DIVIDENDS
The result for the period is £nil. The directors do not recommend the payment of a dividend for the period ended 31 December 2023.

GOING CONCERN
The directors have reviewed the trading prospects and projected cash flows of the business and on that basis the directors have a reasonable expectation that there are adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.


London BTR Investments
(Gallions Reach) Limited (Registered number: 14457499)

Report of the Directors
for the Period 2 November 2022 to 31 December 2023

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M S McGill - Director


10 September 2024

London BTR Investments
(Gallions Reach) Limited (Registered number: 14457499)

Statement of Comprehensive Income
for the Period 2 November 2022 to 31 December 2023

Notes £

TURNOVER -
OPERATING PROFIT and
PROFIT BEFORE TAXATION 4 -

Tax on profit 5 -
PROFIT FOR THE FINANCIAL
PERIOD

-


OTHER COMPREHENSIVE INCOME -
TOTAL COMPREHENSIVE INCOME
FOR THE PERIOD

-

London BTR Investments
(Gallions Reach) Limited (Registered number: 14457499)

Statement of Financial Position
31 December 2023

Notes £
CURRENT ASSETS
Debtors 6 7,523,985

CREDITORS
Amounts falling due within one year 7 (7,523,885 )
NET CURRENT ASSETS 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

CAPITAL AND RESERVES
Called up share capital 8 100
SHAREHOLDERS' FUNDS 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





M S McGill - Director


London BTR Investments
(Gallions Reach) Limited (Registered number: 14457499)

Statement of Changes in Equity
for the Period 2 November 2022 to 31 December 2023

Called up
share Retained Total
capital earnings equity
£ £ £

Changes in equity
Issue of share capital 100 - 100
Balance at 31 December 2023 100 - 100

London BTR Investments
(Gallions Reach) Limited (Registered number: 14457499)

Notes to the Financial Statements
for the Period 2 November 2022 to 31 December 2023

1. STATUTORY INFORMATION

London BTR Investments (Gallions Reach) 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 preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

the requirements of IFRS 7 Financial Instruments: Disclosures;
the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement;
the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to
present comparative information in respect of:
- paragraphs 76 and 79(d) of IAS 40 Investment Property;
the requirements of IAS 7 Statement of Cash Flows;
the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures;
the requirements in IAS 24 Related Party Disclosures to disclose related party
transactions entered into between two or more members of a group.

Taxation
Tax on the profit or loss for the period comprises current tax and deferred tax. Current tax is the expected tax payable or receivable on the taxable income or loss for the period, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustments to tax payable in respect of previous years.

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at the date that will result in an obligation to pay more, or a right to pay less or to receive more tax with the following exceptions:

1) The recognition of deferred tax assets is limited to the extent that the Company anticipates making sufficient taxable profits in the future to absorb the reversal of the underlying timing differences.

2) Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Going concern
The directors have reviewed the trading prospects and projected cash flows of the business and on that basis the directors have a reasonable expectation that there are adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

London BTR Investments
(Gallions Reach) Limited (Registered number: 14457499)

Notes to the Financial Statements - continued
for the Period 2 November 2022 to 31 December 2023

3. CRITICAL ACCOUNTING JUDGEMENTS AND ASSUMPTIONS

There were no critical accounting judgements and assumptions in the current period.

4. PROFIT BEFORE TAXATION

No expenses associated with this note were incurred in the year.

5. TAXATION

Analysis of tax expense
No liability to UK corporation tax arose for the period.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Other debtors 7,523,985

Other debtors is made up of deposits for both the purchase of a building (as per Note 11) and the deposit for the purchase of fixed assets.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade creditors 924
Amounts owed to group undertakings 7,522,961
7,523,885

8. CALLED UP SHARE CAPITAL


Allotted and issued:
Number: Class: Nominal
value: £
100 Ordinary Shares £1 100

100 ordinary shares of £1 were allocated at par during the period.

9. RESERVES
Retained
earnings
£

Profit for the period -
At 31 December 2023 -

London BTR Investments
(Gallions Reach) Limited (Registered number: 14457499)

Notes to the Financial Statements - continued
for the Period 2 November 2022 to 31 December 2023

10. POST BALANCE SHEET EVENTS

In April 2024, the company completed the acquisition of a new site for £61.3m which was financed through both debt and equity.

11. POST BALANCE SHEET EVENT REGARDING THE ULTIMATE CONTROLLING PARTY

With effect from 29 July 2024, London BTR Investments LP is regarded by the directors as being the company's ultimate parent company. Prior to this date London BTR Investments Ltd was regarded by the directors as the company's ultimate parent company.