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REGISTERED NUMBER: 11679616 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 October 2023

for

London Penthouse (Highgate 3) Limited

London Penthouse (Highgate 3) Limited (Registered number: 11679616)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


London Penthouse (Highgate 3) Limited

Company Information
for the Year Ended 30 October 2023







DIRECTORS: M P Griffin
J M T Griffin





REGISTERED OFFICE: Devon House
Church Hill
Winchmore Hill
London
N21 1LE





REGISTERED NUMBER: 11679616 (England and Wales)





ACCOUNTANTS: AMC FINANCE LTD
76 WINDSOR ROAD
MAIDENHEAD
BERKSHIRE
SL6 2DJ

London Penthouse (Highgate 3) Limited (Registered number: 11679616)

Balance Sheet
30 October 2023

30.10.23 30.10.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,400,000 1,400,000

CURRENT ASSETS
Debtors 5 837 837
Cash at bank 2 2,744
839 3,581
CREDITORS
Amounts falling due within one year 6 517,460 504,457
NET CURRENT LIABILITIES (516,621 ) (500,876 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

883,379

899,124

CREDITORS
Amounts falling due after more than
one year

7

(930,337

)

(940,236

)

PROVISIONS FOR LIABILITIES (72,597 ) (72,597 )
NET LIABILITIES (119,555 ) (113,709 )

London Penthouse (Highgate 3) Limited (Registered number: 11679616)

Balance Sheet - continued
30 October 2023

30.10.23 30.10.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 309,495 309,495
Retained earnings (429,150 ) (423,304 )
(119,555 ) (113,709 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 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 30 October 2024 and were signed on its behalf by:





M P Griffin - Director


London Penthouse (Highgate 3) Limited (Registered number: 11679616)

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

1. STATUTORY INFORMATION

London Penthouse (Highgate 3) 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

London Penthouse (Highgate 3) Limited (Registered number: 11679616)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 October 2022
and 30 October 2023 1,400,000
NET BOOK VALUE
At 30 October 2023 1,400,000
At 30 October 2022 1,400,000

Fair value at 30 October 2023 is represented by:
£   
Valuation in 2019 1,300,000
Valuation in 2020 100,000
1,400,000

If the investment property had not been revalued it would have been included at the following historical cost:

30.10.23 30.10.22
£    £   
Cost 1,017,908 1,017,908

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 30.10.22
£    £   
Other debtors 837 837

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 30.10.22
£    £   
Bank loans and overdrafts 5,136 3,600
Other creditors 508,724 496,957
Accruals and deferred income 3,600 3,900
517,460 504,457

London Penthouse (Highgate 3) Limited (Registered number: 11679616)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.10.23 30.10.22
£    £   
Bank loans more 5 yr by instal 37,773 43,289
Other loans - 1-2 years 50,520 55,000
Other loans - 2-5 years 842,044 841,947
930,337 940,236

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 37,773 43,289

8. SECURED DEBTS

The following secured debts are included within creditors:

30.10.23 30.10.22
£    £   
Other Loans - 2 - 5 years 842,044 841,947

This loan is secured by way of charge over company's investment property.

9. RESERVES
Revaluation
reserve
£   
At 31 October 2022
and 30 October 2023 309,495