Company Registration No. 12882095 (England and Wales)
14 Holywell Row Limited
Unaudited accounts
for the year ended 30 September 2024
14 Holywell Row Limited
Statement of financial position
as at 30 September 2024
Investment property
2,503,038
2,503,038
Cash at bank and in hand
130
8,261
Creditors: amounts falling due within one year
(56,904)
(68,462)
Net current liabilities
(56,774)
(60,201)
Total assets less current liabilities
2,446,264
2,442,837
Creditors: amounts falling due after more than one year
(2,430,063)
(2,430,063)
Called up share capital
100
100
Profit and loss account
16,101
12,674
Shareholders' funds
16,201
12,774
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 April 2025 and were signed on its behalf by
Peter Greene
Director
Company Registration No. 12882095
14 Holywell Row Limited
Notes to the Accounts
for the year ended 30 September 2024
14 Holywell Row Limited is a private company, limited by shares, registered in England and Wales, registration number 12882095. The registered office is 14 Holywell Row, London, EC2A 4JB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Having reviewed the resources available the director believes that the company has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in the preparation of its financial statements.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of rental services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Fair value at 1 October 2023
2,503,038
At 30 September 2024
2,503,038
5
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
39,119
56,670
14 Holywell Row Limited
Notes to the Accounts
for the year ended 30 September 2024
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,202,500
1,202,500
Amounts owed to group undertakings and other participating interests
1,227,563
1,227,563
Security on the bank loans is provided by way of fixed and floating charge over the assets of the company.
7
Transactions with related parties
Included in Other creditors are amounts owed to related party entity, Twisel Investments Ltd of £1,227,563 (2023: £1,227,563)
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).