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REGISTERED NUMBER: 06446120 (England and Wales)










REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

12-14 EGERTON PLACE FREEHOLD LIMITED

12-14 EGERTON PLACE FREEHOLD LIMITED (REGISTERED NUMBER: 06446120)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 4

Income Statement 5

Balance Sheet 6

Notes to the Financial Statements 7


12-14 EGERTON PLACE FREEHOLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C L Baker
M Press





SECRETARY: Farrar Property Management Ltd





REGISTERED OFFICE: The Studio
16 Cavaye Place
London
SW10 9PT





REGISTERED NUMBER: 06446120 (England and Wales)





ACCOUNTANTS: Websters
12 Melcombe Place
London
NW1 6JJ

12-14 EGERTON PLACE FREEHOLD LIMITED (REGISTERED NUMBER: 06446120)

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 company owns the reversionary freehold title of 12-14 Egerton Place, London SW3 2EF. The company's principal activities comprise the control, supervision and management of this interest.

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

C L Baker
M Press

Other changes in directors holding office are as follows:

N Kuznetsov - resigned 29 November 2023

M D Spash ceased to be a director after 31 December 2023 but prior to the date of this report.

QUALIFYING THIRD PARTY INDEMNITY PROVISIONS
The company's Articles of Association provide, subject to the provisions of UK legislation, an indemnity for directors and officers of the company in respect of liabilities they may incur in defending certain proceedings against them.

COMPANY STATUS
12-14 Egerton Place Freehold Limited is a company limited by guarantee under the Companies Act 1985. Therefore the company has no share capital.

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 surplus or deficit 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.


12-14 EGERTON PLACE FREEHOLD LIMITED (REGISTERED NUMBER: 06446120)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2023

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:





C L Baker - Director


10 September 2024

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
12-14 EGERTON PLACE FREEHOLD LIMITED


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 12-14 Egerton Place Freehold Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of 12-14 Egerton Place Freehold Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 12-14 Egerton Place Freehold Limited and state those matters that we have agreed to state to the Board of Directors of 12-14 Egerton Place Freehold Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 12-14 Egerton Place Freehold Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that 12-14 Egerton Place Freehold Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 12-14 Egerton Place Freehold Limited. You consider that 12-14 Egerton Place Freehold Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of 12-14 Egerton Place Freehold Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Websters
12 Melcombe Place
London
NW1 6JJ


16 September 2024

12-14 EGERTON PLACE FREEHOLD LIMITED (REGISTERED NUMBER: 06446120)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER - -
OPERATING SURPLUS and
SURPLUS BEFORE TAXATION - -

Tax on surplus 5 - -
SURPLUS FOR THE FINANCIAL YEAR - -

12-14 EGERTON PLACE FREEHOLD LIMITED (REGISTERED NUMBER: 06446120)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 6 - -
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

-


RESERVES - -

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 surplus or deficit 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:





C L Baker - Director


12-14 EGERTON PLACE FREEHOLD LIMITED (REGISTERED NUMBER: 06446120)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

12-14 Egerton Place Freehold Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The company was dormant throughout the current year and previous year.

Service charge funds
The company receives contributions towards property outgoings from the lessees ('service charge funds'). However, as set out in Section 42 of The Landlord & Tenant Act 1987, the company holds these funds in trust for the lessees and, therefore, it is the directors' opinion that these contributions should not be reflected in the company's accounts.

3. EMPLOYEES AND DIRECTORS

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

4. OPERATING SURPLUS

The directors received no remuneration in respect of their services to the company for the year.

5. TAXATION

Service charge funds are held by the company in trust for the tenants and hence any income tax chargeable at the rate applicable to such trusts is not reflected in these accounts.

6. TANGIBLE FIXED ASSETS

The company owns the reversionary freehold interest in 12-14 Egerton Place which was purchased with funds provided by the shareholders at the time, in exchange for which they received lease extensions from the company. In the directors’ opinion the property does not qualify as an Investment Property as defined by the provisions of Section 16 of FRS102 as the property is held for administrative purposes and as no rentals are being earned. Therefore the property is held on the balance sheet at £Nil, being the effective cost to the company of its freehold interest.

7. TOTAL FUNDS

The company is limited by guarantee and hence does not have a share capital.

Under the company's Memorandum of Association, each member of the company undertakes to contribute such amount as may be required (not exceeding £1) to the company's assets if it should be wound up.

12-14 EGERTON PLACE FREEHOLD LIMITED (REGISTERED NUMBER: 06446120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. ULTIMATE CONTROLLING PARTY

The company is controlled by a voting majority of its members and accordingly there is no controlling related party.