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REGISTERED NUMBER: 11887960 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

867b Finchley Road Limited

867b Finchley Road Limited (Registered number: 11887960)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


867b Finchley Road Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr O J Bruh





REGISTERED OFFICE: 1st Floor
314 Regents Park Road
London
N3 2LT





REGISTERED NUMBER: 11887960 (England and Wales)





ACCOUNTANTS: Wolfson Associates Limited
1st Floor
314 Regents Park Road
Finchley
London
N3 2LT

867b Finchley Road Limited (Registered number: 11887960)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,843 -
Investment property 5 1,597,334 1,597,334
1,600,177 1,597,334

CURRENT ASSETS
Debtors 6 41,304 703
Cash at bank 5,218 11,465
46,522 12,168
CREDITORS
Amounts falling due within one year 7 703,118 463,532
NET CURRENT LIABILITIES (656,596 ) (451,364 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

943,581

1,145,970

CREDITORS
Amounts falling due after more than one
year

8

(849,927

)

(849,006

)

PROVISIONS FOR LIABILITIES (39,874 ) (57,547 )
NET ASSETS 53,780 239,417

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 53,680 239,317
SHAREHOLDERS' FUNDS 53,780 239,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

867b Finchley Road Limited (Registered number: 11887960)

Balance Sheet - continued
31 March 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 21 March 2025 and were signed by:





Mr O J Bruh - Director


867b Finchley Road Limited (Registered number: 11887960)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

867b Finchley Road 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair at the reporting date. The surplus or deficit on revaluation is recognized in the income statement.

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 (2023 - NIL).

867b Finchley Road Limited (Registered number: 11887960)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 3,791
At 31 March 2024 3,791
DEPRECIATION
Charge for year 948
At 31 March 2024 948
NET BOOK VALUE
At 31 March 2024 2,843

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,597,334
NET BOOK VALUE
At 31 March 2024 1,597,334
At 31 March 2023 1,597,334

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 302,880
Cost 1,294,454
1,597,334

If properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 1,294,454 1,294,454

properties were valued on an open market basis on 31 March 2024 by the director .

The company's investment property is represented by freehold property situated at 867B Finchley Road, London, NW11 8RR.

The Directors have shown the property at fair value based on a valuation carried out at the balance-sheet date by Mr O Bruh, a director of the company. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in its location and takes into account the current state of the rental market in the area where the property is situated.

867b Finchley Road Limited (Registered number: 11887960)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 41,304 703

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 104,484 490
Other creditors 598,634 463,042
703,118 463,532

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 822,357 815,923
Other creditors 27,570 33,083
849,927 849,006

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr O J Bruh and Mr A D Bruh
Balance outstanding at start of year 26,144 32,163
Amounts repaid 140,000 (6,019 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 166,144 26,144