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COMPANY REGISTRATION NUMBER: 14939179
27 HAMMERSMITH GROVE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
27 HAMMERSMITH GROVE LIMITED
FINANCIAL STATEMENTS
PERIOD FROM 15 JUNE 2023 TO 31 DECEMBER 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
27 HAMMERSMITH GROVE LIMITED
BALANCE SHEET
31 December 2023
31 Dec 23
Note
£
Fixed assets
Tangible assets
4
17,679,498
Current assets
Debtors
5
3,401,238
Cash at bank and in hand
371,228
------------
3,772,466
Creditors: amounts falling due within one year
6
( 5,812,725)
------------
Net current liabilities
( 2,040,259)
-------------
Total assets less current liabilities
15,639,239
Creditors: amounts falling due after more than one year
7
( 15,904,003)
-------------
Net liabilities
( 264,764)
-------------
Capital and reserves
Called up share capital
9
2
Profit and loss account
( 264,766)
------------
Shareholders deficit
( 264,764)
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 November 2024 , and are signed on behalf of the board by:
Mr H Shah
Director
Company registration number: 14939179
27 HAMMERSMITH GROVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 15 JUNE 2023 TO 31 DECEMBER 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, West Yorkshire, HD1 1PA, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
Group and associated parties are providing adequate working capital to finance the company's operations. Accordingly, the accounts have been prepared on a going concern basis.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
10% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Investment properties
FRS102 requires that properties held for investment be included in the balance sheet at fair value in accordance with section 16 of FRS 102. The directors consider that to comply with this requirement would involve unjustifiable expense and investment properties are continuing to be stated at cost, unless fair value is estimated to be less than cost in which case, investment properties have been impaired to fair value
4. Tangible assets
Freehold investment property
Fixtures and fittings
Total
£
£
£
Cost
At 15 June 2023
Additions
9,134,087
8,617,221
17,751,308
------------
------------
-------------
At 31 December 2023
9,134,087
8,617,221
17,751,308
------------
------------
-------------
Depreciation
At 15 June 2023
Charge for the period
71,810
71,810
------------
------------
-------------
At 31 December 2023
71,810
71,810
------------
------------
-------------
Carrying amount
At 31 December 2023
9,134,087
8,545,411
17,679,498
------------
------------
-------------
At 31 December 2023 the directors considered that the carrying value of the property was broadly equivalent to it's market value.
5. Debtors
31 Dec 23
£
Prepayments and accrued income
40,210
VAT recoverable
3,358,028
Other debtors
3,000
------------
3,401,238
------------
6. Creditors: amounts falling due within one year
31 Dec 23
£
Secured loan
1,753,981
Trade creditors
29,222
Amounts owed to related undertakings
3,973,861
Accruals and deferred income
55,661
------------
5,812,725
------------
7. Creditors: amounts falling due after more than one year
31 Dec 23
£
Secured loan
15,904,003
-------------
8. Secured liabilities
2023
£
Aggregate secured liabilities
17,657,984
-------------
The secured loan is secured by charges over the assets of the company.
9. Called up share capital
Issued, called up and fully paid
31 Dec 23
No.
£
Ordinary shares of £ 1 each
2
2
------------
------------
During the period 2 ordinary £1 shares were issued fully at par.
10. Control
The company is a wholly-owned subsidiary of 27 Hammersmith Grove Holdco Limited. LCP Investments Holdco Limited owes 87% of the share capital of 27 Hammersmith Grove Holdco Limited.