West Heath Place (Freehold) Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 10667541

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		52		52

			52		52
CURRENT ASSETS
Cash at bank and in hand		18,466		-

		18,466		-
Creditors: Amounts Falling Due Within One Year	5	(10,609 )		-

NET CURRENT ASSETS (LIABILITIES)			7,857		-

TOTAL ASSETS LESS CURRENT LIABILITIES			7,909		52

NET ASSETS			7,909		52

CAPITAL AND RESERVES
Called up share capital	6		52		52
Profit and Loss Account			7,857		-

SHAREHOLDERS' FUNDS			7,909		52

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr P J Zinkin

Director

04/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

West Heath Place (Freehold) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10667541 . The registered office is West Heath Place, 1b Hodford Road, London, NW11 8NL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives.

3. Average Number of Employees

Average number of employees, excluding directors, during the year was: NIL (2023: 6)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 January 2024	409,600

As at 31 December 2024	409,600

Depreciation
As at 1 January 2024	409,548

As at 31 December 2024	409,548

Net Book Value
As at 31 December 2024	52

As at 1 January 2024	52

The freehold interest of the property at West Heath Place was acquired by the lessees in July 2017 for £409,600, including costs. The price paid was a factor of 24 times the ground rents payable at that time under each of the 52 leases. Immediately thereafter the company cancelled all future ground rents payable.

On the basis that no ground rents were then receivable by the company the directors considered that the freehold interest had no more than a nominal value. In the circumstances the freehold interest was written down to £52, being the equivalent to the nominal paid-up share capital of the company.

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Service charge deposit	10,249	-
Accruals and deferred income	360	-

	10,609	-

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	52	52

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West Heath Place (Freehold) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Reserves

The profit and loss account reserve records retained earnings and accumulated losses.

The capital contribution reserve records the value of contributions received from the members to acquire the freehold property at West Heath Place, 1B Hodford Road, London, NW11 8NL. As detailed in Note 4 this reserve has now been written down to £52.

In February 2020, £750,000 was raised from members to meet obligations under the litigation indemnities and any litigation costs attributable to the company associated with litigation against the developer and others relating to defects in the original construction.

On 2 April 2024, the shareholders Jacob Morgan and Freddie Morgan were leased car parking space for a consideration of £25,000.

8. Ultimate Controlling Party

The company is under the control of the shareholders collectively who each hold one share for each apartment owned.

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