Company registration number 14533260 (England and Wales)
117 WARWICK AVENUE FREEHOLD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
117 WARWICK AVENUE FREEHOLD LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
117 WARWICK AVENUE FREEHOLD LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1
50,197
Current assets
Debtors
4
3
3
Net current assets
3
3
Net assets
4
50,200
Capital and reserves
Called up share capital
5
3
3
Freehold contribution reserve
65,611
65,611
Profit and loss reserves
(65,610)
(15,414)
Total equity
4
50,200

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 September 2025 and are signed on its behalf by:
IJ Babbage
Director
Company registration number 14533260 (England and Wales)
117 WARWICK AVENUE FREEHOLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

117 Warwick Avenue Freehold Limited is a private company limited by shares incorporated in England and Wales. The registered office is 117 Warwick Avenue, London, W9 2PP.

1.1
Accounting convention

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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
NIL

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3

Status

During the year the company has acted for the lessees of the property at 117 Warwick Avenue, Maida Vale, London, W9 2PP. The funds in relation to the maintenance of the property are held in trust.

The company therefore has no income or expenditure in its own right in relation to the maintenance of the common parts of the property held in accordance with the governing leases. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House. The accounts can be obtained from 117 Warwick Avenue Freehold Limited.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
0
0
117 WARWICK AVENUE FREEHOLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2024
50,197
Disposals
(50,196)
At 31 December 2024
1
Depreciation and impairment
At 1 January 2024 and 31 December 2024
-
0
Carrying amount
At 31 December 2024
1
At 31 December 2023
50,197

The company holds the residual value of the freehold interest held for the property located at 117 Warwick Avenue, Maida Vale, London W9 2PP.

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
3
3
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
3
3
3
3
117 WARWICK AVENUE FREEHOLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
6
Prior period adjustment

As at 14 July 2023 the company acquired the freehold interest of the property at 117 Warwick Avenue, Maida Vale, London W9 2PP. The acquisition and associated disposals were not previously recognised, therefore a prior year adjustment has been made to record the relevant transactions as detailed below:

Changes to the balance sheet
As previously reported
Adjustment
As restated at 31 Dec 2023
£
£
£
Fixed assets
Tangible assets
-
50,197
50,197
Capital and reserves
Freehold contribution reserve
-
65,611
65,611
Profit and loss reserves
-
(15,414)
(15,414)
Total equity
3
50,197
50,200
Changes to the profit and loss account
As previously reported
Adjustment
As restated
Period ended 31 December 2023
£
£
£
Administrative expenses
-
(15,414)
(15,414)
Profit/(loss) for the financial period
-
(15,414)
(15,414)
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