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REGISTERED NUMBER: 12759396 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

London BTR Minority
Investments Holdings Limited

London BTR Minority
Investments Holdings Limited (Registered number: 12759396)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company information 1

Report of the directors 2

Statement of comprehensive income 4

Balance sheet 5

Statement of changes in equity 6

Notes to the financial statements 7


London BTR Minority
Investments Holdings Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G F Barnet
J N Patel
P A Shacalis





SECRETARY: Sigma Capital Property Ltd





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





REGISTERED NUMBER: 12759396 (England and Wales)






London BTR Minority
Investments Holdings Limited (Registered number: 12759396)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

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"), through its subsidiaries, in areas of Greater London.

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

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

G F Barnet
P A Shacalis

Other changes in directors holding office are as follows:

J N Patel - appointed 2 February 2023
Ms N Raghavan - resigned 2 February 2023

RESULTS AND DIVIDENDS
The profit for the period is £90,826. 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.

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.


London BTR Minority
Investments Holdings Limited (Registered number: 12759396)

Report of the Directors
for the Year Ended 31 December 2023

STATEMENT OF DIRECTORS' RESPONSIBILITIES - continued
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:





G F Barnet - Director


10 September 2024

London BTR Minority
Investments Holdings Limited (Registered number: 12759396)

Statement of Comprehensive Income
for the Year Ended 31 December 2023

2023 2022
Notes £ £

TURNOVER - -

Gain on sale of investments 90,826 -
OPERATING PROFIT and
PROFIT BEFORE TAXATION 4 90,826 -

Tax on profit 5 - -
PROFIT FOR THE FINANCIAL YEAR 90,826 -


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

90,826

-

London BTR Minority
Investments Holdings Limited (Registered number: 12759396)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
FIXED ASSETS
Investments 6 2 4

CURRENT ASSETS
Debtors 7 1,370,163 1,156,022

CREDITORS
Amounts falling due within one year 8 (1,279,239 ) (1,155,926 )
NET CURRENT ASSETS 90,924 96
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,926

100

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 90,826 -
SHAREHOLDERS' FUNDS 90,926 100

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

The members have not required the company to obtain an audit of its financial statements for the year 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:



G F Barnet - Director


London BTR Minority
Investments Holdings Limited (Registered number: 12759396)

Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Total
capital earnings equity
£ £ £

Balance at 1 January 2022 100 - 100

Changes in equity
Balance at 31 December 2022 100 - 100

Changes in equity
Total comprehensive income - 90,826 90,826
Balance at 31 December 2023 100 90,826 90,926

London BTR Minority
Investments Holdings Limited (Registered number: 12759396)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

London BTR Minority Investments Holdings 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 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 Minority
Investments Holdings Limited (Registered number: 12759396)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION

In the application of the Company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 year ended 31 December 2023 nor for the year ended 31 December 2022.

Factors affecting the tax expense
The tax assessed for the year is lower (2022 - higher) than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2
£
Profit before income tax 90,826
Profit multiplied by the standard rate of corporation tax in the
UK of 23.520%

21,362

Effects of:
Non taxable income (21,362 )
Tax expense -

London BTR Minority
Investments Holdings Limited (Registered number: 12759396)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 January 2023 4
Disposals (2 )
At 31 December 2023 2
NET BOOK VALUE
At 31 December 2023 2
At 31 December 2022 4

The company's investments at the Balance sheet date in the share capital of companies include the following:

London BTR Investments (Ark Soane) Limited
Registered office: Floor 3, 1 St. Ann Street, Manchester, M2 7LR
Nature of business: Property development and investment
%
Class of shares: holding
Ordinary 1.00

London BTR Investments (Beam Park Block N) Limited and London BTR Investments (Beam Park Block T) Limited were disposed during the year to another part of the group headed up London BTR Investments Limited.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed by group undertakings 1,370,063 1,155,922
Other debtors 100 100
1,370,163 1,156,022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed to group undertakings 1,279,235 1,155,922
Other creditors 4 4
1,279,239 1,155,926

London BTR Minority
Investments Holdings Limited (Registered number: 12759396)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. CALLED UP SHARE CAPITAL


Allotted and issued:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary Shares £1 100 100

10. RESERVES
Retained
earnings
£

Profit for the year 90,826
At 31 December 2023 90,826

11. 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.

12. EVENTS AFTER THE REPORTING PERIOD

London BTR Investments (Ark Soane) Limited was disposed in August 2024 to another part of the group headed up by London BTR Investments Limited.