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REGISTERED NUMBER: 09531417 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Henslowe Estates Limited

Henslowe Estates Limited (Registered number: 09531417)






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




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Henslowe Estates Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: N Pearce
J Mantovani
A Nicholls
C A Riding





SECRETARY: P Blackman





REGISTERED OFFICE: The Pavilion
118 Southwark Street
Southwark
London
SE1 0SW





REGISTERED NUMBER: 09531417 (England and Wales)





ACCOUNTANTS: Ascendant Partners Limited
Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Henslowe Estates Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Henslowe Estates Limited for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Henslowe Estates Limited, as a body, in accordance with the terms of our engagement letter dated 28 June 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Henslowe Estates Limited and state those matters that we have agreed to state to the Board of Directors of Henslowe Estates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Henslowe Estates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Henslowe Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Henslowe Estates Limited. You consider that Henslowe Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Henslowe Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ascendant Partners Limited
Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ


7 May 2025

Henslowe Estates Limited (Registered number: 09531417)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 184,086 212,582
184,086 212,582

CURRENT ASSETS
Debtors 5 414,004 444,930
Cash at bank 1,070,924 1,174,000
1,484,928 1,618,930
CREDITORS
Amounts falling due within one year 6 591,054 806,451
NET CURRENT ASSETS 893,874 812,479
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,077,960

1,025,061

PROVISIONS FOR LIABILITIES 8 31,845 25,496
NET ASSETS 1,046,115 999,565

CAPITAL AND RESERVES
Called up share capital 222 215
Share premium 33,968 23,160
Retained earnings 1,011,925 976,190
SHAREHOLDERS' FUNDS 1,046,115 999,565

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Henslowe Estates Limited (Registered number: 09531417)

Statement of Financial Position - continued
31 December 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 Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:





N Pearce - Director


Henslowe Estates Limited (Registered number: 09531417)

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

1. STATUTORY INFORMATION

Henslowe Estates 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 principal business address is the registered office.

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.

Going concern
The preparation of the financial statements requires the directors to make an assessment of the entity's ability to continue as a going concern. The directors have reviewed this and consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Revenue represents sales commissions, excluding VAT, recognised on exchange of contracts. Revenue also includes property lettings and management income, excluding VAT, recognised in the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - over the period of the lease
Plant and machinery - 20% per annum on cost
Office equipment - 20% per annum on cost

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.

Henslowe Estates Limited (Registered number: 09531417)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 23 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
to Plant and Office
property machinery equipment Totals
£    £    £    £   
COST
At 1 January 2024 305,310 4,278 65,081 374,669
Additions - 1,129 12,326 13,455
Disposals - - (833 ) (833 )
At 31 December 2024 305,310 5,407 76,574 387,291
DEPRECIATION
At 1 January 2024 126,503 2,147 33,437 162,087
Charge for year 27,808 914 12,479 41,201
Eliminated on disposal - - (83 ) (83 )
At 31 December 2024 154,311 3,061 45,833 203,205
NET BOOK VALUE
At 31 December 2024 150,999 2,346 30,741 184,086
At 31 December 2023 178,807 2,131 31,644 212,582

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 116,319 107,566
Amounts owed by group undertakings 208,668 208,668
Other debtors 10,029 60,757
Prepayments and accrued income 59,488 48,439
394,504 425,430

Henslowe Estates Limited (Registered number: 09531417)

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

5. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 19,500 19,500

Aggregate amounts 414,004 444,930

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 16,659 18,801
Corporation tax 130,546 193,352
Social security and other taxes 148,566 191,100
Other creditors 4,846 4,526
Accruals and deferred income 290,437 398,672
591,054 806,451

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 119,739 110,000
Between one and five years 400,737 369,375
In more than five years 48,750 178,750
569,226 658,125

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 31,845 25,496

Deferred
tax
£   
Balance at 1 January 2024 25,496
Charge to Income Statement during year 6,349
Balance at 31 December 2024 31,845

Henslowe Estates Limited (Registered number: 09531417)

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

9. RELATED PARTY DISCLOSURES

N Pearce, a director of the company, is also a director of Circa London Hong Kong, a company incorporated in Hong Kong. Henslowe Estates Limited has committed to invest in the share capital of Circa London Hong Kong, but no payments for share capital have yet been made.

At the balance sheet date, the amounts outstanding were as follows:
2024 2023
Due from Due to Due from Due to
£ £ £ £

Circa London Hong Kong 208,668 - 208,668 -