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REGISTERED NUMBER: 12744397 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

COLONY COURT LIMITED

COLONY COURT LIMITED (REGISTERED NUMBER: 12744397)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COLONY COURT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mr N Schreiber





REGISTERED OFFICE: 147 Stamford Hill
London
N16 5LG





REGISTERED NUMBER: 12744397 (England and Wales)





ACCOUNTANTS: DAS Accounting & Partners (UK) LLP
105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ

COLONY COURT LIMITED (REGISTERED NUMBER: 12744397)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 8,522,300 8,528,382

CURRENT ASSETS
Debtors 6 109,941 7,462

CREDITORS
Amounts falling due within one year 7 (9,019,459 ) (8,877,738 )
NET CURRENT LIABILITIES (8,909,518 ) (8,870,276 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(387,218

)

(341,894

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (387,219 ) (341,895 )
(387,218 ) (341,894 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 March 2025 and were signed by:





Mr N Schreiber - Director


COLONY COURT LIMITED (REGISTERED NUMBER: 12744397)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Colony Court 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention except that investment property is measured at fair value through profit or loss.

Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the director is required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company's investment property is valued by the director. The valuation of the company's property is inherently subjective, depending on many factors, including the individual nature of the property, its location and expected future net rental value, market yield and comparable market transactions. Therefore the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.

Going concern
The company is a going concern on the basis of continued support from its principal creditors.

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

Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is provided at the following annual rates in order to write-off each asset over its estimated useful life

Furniture, fixtures and fittings - 15% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

COLONY COURT LIMITED (REGISTERED NUMBER: 12744397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Furniture,
Leasehold fixtures
investment and
property fittings Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 8,500,000 40,546 8,540,546
DEPRECIATION
At 1 July 2022 - 12,164 12,164
Charge for year - 6,082 6,082
At 30 June 2023 - 18,246 18,246
NET BOOK VALUE
At 30 June 2023 8,500,000 22,300 8,522,300
At 30 June 2022 8,500,000 28,382 8,528,382

The director is of the opinion that £8,500,000 represents the open market value of the company's investment property at 30 June 2023. The historical cost of the investment property is £8,803,736 (2022: £8,803,736)

COLONY COURT LIMITED (REGISTERED NUMBER: 12744397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 105,290 7,462
Amounts owed by group undertaking 3,973 -
Other debtors 678 -
109,941 7,462

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to
group undertaking 8,972,987 8,840,799
Other creditors 46,472 36,939
9,019,459 8,877,738

The company's investment property is secured by legal charges in relation to a bank loan in the amount of £6,565,000 advanced to the company's parent undertaking. Interest payable on the bank loan is re-charged to the company by the parent undertaking.

8. RELATED PARTY DISCLOSURES

Other creditors include amounts of £43,112 (2022: £Nil) owed to companies of which the director of the company is also a director.

No transactions with related parties, other than disclosed above and elsewhere in the financial statements were undertaken such as are required to be disclosed under FRS102.

9. PARENT COMPANY AND CONTROLLING PARTY

The parent company is SAG Property Holdings Limited, a company incorporated in England and Wales. The address of the registered office of SAG Property Holdings Ltd is 147 Stamford Hill, London, N16 5LG