COMPANY REGISTRATION NUMBER:
13241051
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UK HOLDCO 65 LONDON ROAD LIMITED |
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Filleted Unaudited Financial Statements |
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UK HOLDCO 65 LONDON ROAD LIMITED |
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Statement of Financial Position |
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31 December 2024
Current assets
|
Creditors: amounts falling due within one year |
6 |
– |
(
213,286) |
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---- |
------------ |
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Net current assets |
– |
2,948,734 |
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---- |
------------ |
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Total assets less current liabilities |
– |
2,948,734 |
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------------ |
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Capital and reserves
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Called up share capital |
7 |
– |
2,105,250 |
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Profit and loss account |
– |
843,484 |
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------------ |
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Shareholders funds |
– |
2,948,734 |
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------------ |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
10 July 2025
, and are signed on behalf of the board by:
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Mr Peter Vincent Young |
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Director |
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Company registration number:
13241051
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UK HOLDCO 65 LONDON ROAD LIMITED |
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Notes to the Financial Statements |
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Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Valuation of investment
The investment in the subsidiary company is measured at it's revalued amount with fair value changes being recognised through the Statement of Comprehensive Income.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: a) No cash flow statement has been presented for the company. B) Disclosures in respect of financial instruments have not been presented.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest rate method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
4.
Employees
The entity did not have any employees, including the directors and key management person under contracts of employment in the current or prior year.
5.
Debtors
|
2024 |
2023 |
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£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
– |
3,162,020 |
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6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
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Trade creditors |
– |
12,500 |
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Corporation tax |
– |
200,786 |
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---- |
--------- |
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– |
213,286 |
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7.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
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No. |
£ |
No. |
£ |
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A Ordinary shares of £– (2023 - £1) each |
– |
– |
5,250 |
5,250 |
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B Ordinary shares of £– (2023 - £1) each |
– |
– |
2,100,000 |
2,100,000 |
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---- |
---- |
------------ |
------------ |
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– |
– |
2,105,250 |
2,105,250 |
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8.
Controlling party
The director considers the controlling party to be Peter Vincent Young.