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REGISTERED NUMBER: 02393489 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Warleggan Group Limited

Warleggan Group Limited (Registered number: 02393489)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Warleggan Group Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr N C Ratiu



SECRETARY: Mr A Dave



REGISTERED OFFICE: 18 Fitzhardinge Street
London
W1H 6EQ



REGISTERED NUMBER: 02393489 (England and Wales)



SENIOR STATUTORY
AUDITOR:
MR. YASHLAL HINDOCHA BA, FCA



INDEPENDENT AUDITORS: Hindocha & Co Limited
Chartered Accountants and Statutory Auditors
34 Queensbury Station Parade
Edgware
Middlesex
HA8 5NN

Warleggan Group Limited (Registered number: 02393489)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
CURRENT ASSETS
Debtors 4 240 257
Cash at bank 946 662
1,186 919
CREDITORS
Amounts falling due within one year 5 1,200 1,201
NET CURRENT LIABILITIES (14 ) (282 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(14

)

(282

)

CREDITORS
Amounts falling due after more than
one year

6

2,180,381

2,178,807
NET LIABILITIES (2,180,395 ) (2,179,089 )

CAPITAL AND RESERVES
Called up share capital 999 999
Share premium 7 367,644 367,644
Retained earnings 7 (2,549,038 ) (2,547,732 )
SHAREHOLDERS' FUNDS (2,180,395 ) (2,179,089 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2025 and were signed by:





Mr N C Ratiu - Director


Warleggan Group Limited (Registered number: 02393489)

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

1. COMPANY INFORMATION

Warleggan Group Limited is a private company, limited by shares, registered in England and Wales. The registered office is 18 Fitzhardinge Street, London, W1H 6EQ.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Going concern
The accounts have been prepared on the basis that continuous financial support will be made available by the ultimate parent company.

Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of Financial Liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Warleggan Group Limited (Registered number: 02393489)

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

2. ACCOUNTING POLICIES - continued

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Warleggan Group Limited (Registered number: 02393489)

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 240 257

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors 1,200 1,201

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group undertakings 2,180,381 2,178,807

7. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2024 (2,547,732 ) 367,644 (2,180,088 )
Deficit for the year (1,306 ) - (1,306 )
At 31 December 2024 (2,549,038 ) 367,644 (2,181,394 )

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

The auditor was

Mr. Yashlal Hindocha BA, FCA (Senior Statutory Auditor)

for and on behalf of Hindocha & Co Limited

9. RELATED PARTY DISCLOSURES

At the year end, included in creditors falling due after more than one year are amounts due to the parent company and ultimate parent company as follows:

Regent House Properties Limited: £14,481 (2023 - £12,907)

Bellerive Limited: £2,165,900 (2023 - £2,165,900)

Warleggan Group Limited (Registered number: 02393489)

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

10. PARENT COMPANY AND CONTROLLING PARTY

The controlling party is Regent House Properties Limited.

The ultimate controlling party is Bellerive Limited.

Bellerive Limited is a company registered in the Isle of Man based at 1st Floor, Peregrine House, Peel Road, Douglas, Isle of Man, IM1 5EH.
The company and its parent undertaking are under the control of the Kido Trust, Jersey.