St Michaels Road Management Company Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10653376

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,850,000		1,706,415

			1,850,000		1,706,415
CURRENT ASSETS
Debtors	5	1,399		1,287
Cash at bank and in hand		42,841		29,681

		44,240		30,968
Creditors: Amounts Falling Due Within One Year	6	(124,261 )		(163,905 )

NET CURRENT ASSETS (LIABILITIES)			(80,021 )		(132,937 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,769,979		1,573,478

Creditors: Amounts Falling Due After More Than One Year	7		(1,366,505 )		(1,366,805 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(103,511 )		(74,794 )

NET ASSETS			299,963		131,879

CAPITAL AND RESERVES
Called up share capital	9		120		120
Profit and Loss Account			299,843		131,759

SHAREHOLDERS' FUNDS			299,963		131,879

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St Michaels Road Management Company Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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

Dr Ketan Shah

Director

12/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

St Michaels Road Management Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10653376 . The registered office is 128 City Road, London, EC1V 2NX.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes rental income.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

Land and buildings were revalued for the first time during the current financial year, whilst they were carried at cost in previous periods. The use of a policy of revaluation provides more relevant and reliable information about the value of the property owned by the company. The effects of the revaluation are illustrated in note 4.

Freehold

None

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost or Valuation
As at 1 April 2024	1,706,415
Revaluation	143,585

As at 31 March 2025	1,850,000

Net Book Value
As at 31 March 2025	1,850,000

As at 1 April 2024	1,706,415

The company has allowed charges over the freehold land and buildings with a carrying amount of £1,850,000 (2024 - £1,706,415) as security for the bank loans disclosed at Note 8.

The freehold land and buildings were revalued by the directors as at 31 March 2025. The fair value was determined using the revaluation model in accordance with FRS 102, based on the directors’ knowledge of, and experience in, the property industry. No external independent valuer was involved in this revaluation.

The historical cost of the freehold land and buildings at the balance sheet amounted to £1,332,846 (2024 - £1,332,846).

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St Michaels Road Management Company Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	1,399	1,287

During the last financial year the company obtained a judgement amounting £14,494 against the former tenant's of Flat B 6 St Michaels Road.

Repayments of the debt were to be made at £100 per month started from Jan 2024 and will be recognised in the P&L account as and when received. A debtor for the full judgement is not recognised due to the uncertainty of payments over a long period of time. During this financial year 11 payments (3 payments in 2024) of £100 were received.

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,541	3,540
Other creditors	118,740	158,740
Accruals and deferred income	1,980	1,625

	124,261	163,905

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,366,505	1,366,805

8. Deferred Taxation

The provision for deferred tax is made up of Deferred tax on revaluation of land and building as follows:

	2025	2024
	£	£
Other timing differences	103,511	74,794

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	120	120

10. Reserves

Revaluation Reserve – Year ended 31 March 2025

Opening balance at 1 April 2024: £299,175.00

Addition during the year: £114,868.03

Closing balance at 31 March 2025: £414,043.03

Revaluation Reserve – Year ended 31 March 2024

Opening balance at 1 April 2023: £299,175.00

Closing balance at 31 March 2024: £299,175.00

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St Michaels Road Management Company Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Related Party Transactions

The directors current account balances represent amounts owed by the company to the directors and are included in the other creditors at Note 5. As of the reporting date, the outstanding balances with the directors are as follows:

Mr B R Gill

2025 £29,684.97

2024 £39,685.00

Mr R J Peutherer

2025 £29,684.97

2024 £39,685.00

Dr K Shah

2025 £29,684.97

2024 £39,685.00

Mr M Ali

2025 £29,684.97

2024 £39,685.00

The balances are unsecured and repayable on demand.

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