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REGISTERED NUMBER: 14473627 (England and Wales)
















Report of the Directors and

Unaudited Financial Statements

for the Period 9 November 2022 to 31 December 2023

for


London BTR Investments
(Beam Park Block T) OpCo Limited


London BTR Investments

(Beam Park Block T) OpCo Limited (Registered number: 14473627)







Contents of the Financial Statements

for the Period 9 November 2022 to 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 Investments

(Beam Park Block T) OpCo Limited


Company Information

for the Period 9 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:

14473627 (England and Wales)







London BTR Investments

(Beam Park Block T) OpCo Limited (Registered number: 14473627)


Report of the Directors

for the Period 9 November 2022 to 31 December 2023


The directors present their report with the financial statements of the company for the period 9 November 2022 to 31 December 2023.  


INCORPORATION

The company was incorporated on 9 November 2022 .


PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of operating a build to rent property ("BTR") in Barking, Greater London.

DIRECTORS

The directors who have held office during the period from 9 November 2022 to the date of this report are as follows:


M S McGill - appointed 26 June 2023

J N Patel - appointed 2 February 2023

P A Shacalis - appointed 9 November 2022

M D Briselden - appointed 9 November 2022 - resigned 26 June 2023

Ms N Raghavan - appointed 9 November 2022 - resigned 2 February 2023


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


GOING CONCERN

The financial statements have been prepared on a going concern basis. The statement of financial position at 31 December 2023 shows the Company is in a net liability position. The company is supported by group undertakings who have agreed to continue to support the company and not seek repayment until sufficient funds are available. Accordingly, the board considers it appropriate to prepare the accounts on a going concern basis.


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 Investments

(Beam Park Block T) OpCo Limited (Registered number: 14473627)


Report of the Directors

for the Period 9 November 2022 to 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:






M S McGill - Director



10 September 2024


London BTR Investments

(Beam Park Block T) OpCo Limited (Registered number: 14473627)


Statement of Comprehensive Income

for the Period 9 November 2022 to 31 December 2023



Notes

£



TURNOVER

1,002,926





Cost of sales

(998,789

)



GROSS PROFIT

4,137





Administrative expenses

(13,434

)



OPERATING LOSS and



LOSS BEFORE TAXATION

3

(9,297

)




Tax on loss

4

(175,981

)



LOSS FOR THE FINANCIAL

PERIOD

(185,278

)





OTHER COMPREHENSIVE INCOME

-




TOTAL COMPREHENSIVE LOSS

FOR THE PERIOD

(185,278

)



London BTR Investments

(Beam Park Block T) OpCo Limited (Registered number: 14473627)


Balance Sheet

31 December 2023



Notes

£


CURRENT ASSETS


Debtors

5

65,926




Cash at bank

12,847



78,773




CREDITORS


Amounts falling due within one year

6

(263,951

)



NET CURRENT LIABILITIES

(185,178

)



TOTAL ASSETS LESS CURRENT

LIABILITIES

(185,178

)




CAPITAL AND RESERVES


Called up share capital

7

100




Retained earnings

8

(185,278

)



SHAREHOLDERS' DEFICIT

(185,178

)



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

(Beam Park Block T) OpCo Limited (Registered number: 14473627)


Statement of Changes in Equity

for the Period 9 November 2022 to 31 December 2023


Called up



share

Retained

Total


capital

earnings

equity



£

£

£


Changes in equity

Issue of share capital

100


-


100



Total comprehensive loss

-


(185,278

)

(185,278

)


Balance at 31 December 2023

100


(185,278

)

(185,178

)



London BTR Investments

(Beam Park Block T) OpCo Limited (Registered number: 14473627)


Notes to the Financial Statements

for the Period 9 November 2022 to 31 December 2023


1.

STATUTORY INFORMATION



London BTR Investments (Beam Park Block T) OpCo 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 the second sentence of paragraph 89, and paragraphs 90, 91 and

93 of IFRS 16 Leases;


the requirements of paragraph 58 of IFRS 16;



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.



Turnover

Rental income arises from assured shorthold tenancies on investment properties with a period no longer than 12 months and is accounted for on an accruals basis and is recognised over the contractual period which does not exceed 12 months.


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.

London BTR Investments

(Beam Park Block T) OpCo Limited (Registered number: 14473627)


Notes to the Financial Statements - continued

for the Period 9 November 2022 to 31 December 2023


2.

ACCOUNTING POLICIES - continued



Going concern

The financial statements have been prepared on a going concern basis. The statement of financial position at 31 December 2023 shows the Company is in a net liability position. The company is supported by group undertakings who have agreed to continue to support the company and not seek repayment until sufficient funds are available. Accordingly, the board considers it appropriate to prepare the accounts on a going concern basis.

3.

LOSS BEFORE TAXATION


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

4.

TAXATION



Analysis of tax expense


£


Current tax:


Tax

175,981




Total tax expense in statement of comprehensive income

175,981





Factors affecting the tax expense


The tax assessed for the period is higher than the standard rate of corporation tax in the UK. The difference is explained below:



£


Loss before income tax

(9,297

)



Loss multiplied by the standard rate of corporation tax in the

UK of 23.520%  

(2,187

)




Effects of:


Expenses not deductible  

178,168




Tax expense

175,981




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



£


Trade debtors

15,504




Other debtors

50,422



65,926




London BTR Investments

(Beam Park Block T) OpCo Limited (Registered number: 14473627)


Notes to the Financial Statements - continued

for the Period 9 November 2022 to 31 December 2023


6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



£


Trade creditors

9,565




Amounts owed to group undertakings

210,100




Other creditors

34,090




Accrued expenses

10,196



263,951




7.

CALLED UP SHARE CAPITAL




Allotted and issued:


Number:

Class:

Nominal


value:


£


100

Ordinary Shares

£1

100




8.

RESERVES

Retained


earnings



£



Deficit for the period

(185,278

)



At 31 December 2023

(185,278

)



9.

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.