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REGISTERED NUMBER: 10122824 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

CONSORT HOUSE LIMITED

CONSORT HOUSE LIMITED (REGISTERED NUMBER: 10122824)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CONSORT HOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: H Schneck





SECRETARY: Mrs S Schneck





REGISTERED OFFICE: 69 Watermint Quay
Craven Walk
London
N16 6DN





REGISTERED NUMBER: 10122824 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

CONSORT HOUSE LIMITED (REGISTERED NUMBER: 10122824)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Investment property 4 7,195,929 7,195,929

CURRENT ASSETS
Debtors 5 2,023,670 1,143,511
Cash at bank 35,551 8,821
2,059,221 1,152,332
CREDITORS
Amounts falling due within one year 6 (17,897 ) (97,836 )
NET CURRENT ASSETS 2,041,324 1,054,496
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,237,253

8,250,425

CREDITORS
Amounts falling due after more than one
year

7

(4,020,833

)

(3,048,386

)

PROVISIONS FOR LIABILITIES (188,291 ) (188,291 )
NET ASSETS 5,028,129 5,013,748

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 4,093,759 4,093,759
Retained earnings 10 934,270 919,889
SHAREHOLDERS' FUNDS 5,028,129 5,013,748

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CONSORT HOUSE LIMITED (REGISTERED NUMBER: 10122824)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024


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 director and authorised for issue on 22 January 2025 and were signed by:





H Schneck - Director


CONSORT HOUSE LIMITED (REGISTERED NUMBER: 10122824)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Consort House 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2023 - NIL).

CONSORT HOUSE LIMITED (REGISTERED NUMBER: 10122824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 7,195,929
NET BOOK VALUE
At 30 April 2024 7,195,929
At 30 April 2023 7,195,929

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2020 4,093,759
Cost 3,102,170
7,195,929

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 3,987 7,629
Amounts owed by group undertakings 903,895 905,882
Other debtors 1,115,788 230,000
2,023,670 1,143,511

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors - 989
Taxation and social security 4,396 83,346
Other creditors 13,501 13,501
17,897 97,836

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 8) 4,000,000 3,017,552
Other creditors 20,833 30,834
4,020,833 3,048,386

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 3,017,552
Other loans more 5yrs instal 20,833 30,834
20,833 3,048,386

CONSORT HOUSE LIMITED (REGISTERED NUMBER: 10122824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 4,000,000 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 3,017,552
Other loans more 5yrs instal 20,833 30,834
20,833 3,048,386

Under the bank loan, £50,000 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2023 919,889 4,093,759 5,013,648
Profit for the year 14,381 14,381
At 30 April 2024 934,270 4,093,759 5,028,029

11. ULTIMATE CONTROLLING PARTY

Mountley Group Ltd