Central Property Rooms Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 10546051

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		861		1,282
Investment Properties	5		954,888		1,351,275

			955,749		1,352,557
CURRENT ASSETS
Debtors	6	7,375,087		6,961,947
Cash at bank and in hand		1,079,785		1,009,922

		8,454,872		7,971,869
Creditors: Amounts Falling Due Within One Year	7	(10,953,188 )		(10,742,989 )

NET CURRENT ASSETS (LIABILITIES)			(2,498,316 )		(2,771,120 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,542,567 )		(1,418,563 )

Creditors: Amounts Falling Due After More Than One Year	8		(19,167 )		(19,167 )

NET LIABILITIES			(1,561,734 )		(1,437,730 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			(1,561,735 )		(1,437,731 )

SHAREHOLDERS' FUNDS			(1,561,734)		(1,437,730)

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Central Property Rooms Limited

Balance Sheet (continued)

As At 31 December 2024

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 David Warwicker

Director

24/09/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Central Property Rooms Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10546051 . The registered office is 43 Manchester Street, London, W1U 7LP.

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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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 on the following bases:

Computer Equipment

20% Straight line

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

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Central Property Rooms Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	2,103

As at 31 December 2024	2,103

Depreciation
As at 1 January 2024	821
Provided during the period	421

As at 31 December 2024	1,242

Net Book Value
As at 31 December 2024	861

As at 1 January 2024	1,282

5. Investment Property

	2024
	£
Fair Value
As at 1 January 2024	1,351,275
Disposals	(396,387 )

As at 31 December 2024	954,888

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	3,521
Amounts owed by group undertakings	6,500	6,500
Other debtors	7,368,587	6,951,926

	7,375,087	6,961,947

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Bank loans and overdrafts	-	10,000
Amounts owed to group undertakings	5,012,078	5,012,078
Other creditors	5,941,110	5,720,911

	10,953,188	10,742,989

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Central Property Rooms Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

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

	2024	2023
	£	£
Bank loans	19,167	19,167

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

10. Directors Advances, Credits and Guarantees

Included within debtors at reporting date is a balance of £391,993 (2023: £546,909) owing from D Warwicker,

a director of the company. The amount represents a loan and has no formal terms of repayment. The loan

bears interest at a rate of 2.5%.

The above loan is unsecured, interest free and repayable on demand.

11. Related Party Transactions

Included within debtors at reporting date are the following balances owing from companies related by virtue of common control:

Doctor.co.uk Technology Limited - £36,072 (2023: £35,712)
Marylebone Industrial Limited - £313,110 (2023: £313,110)
Marylebone Land Limited - £5,095,653 (2023: £5,102,036)
Strawberry Moon Cinema Limited - £392,334 (2023: £442,334)
Strawberry Moon Drive In Limited - £420 (2023: £420)

Also included within debtors at reporting date is a balance of £6,500 (2023: £6,500) owing from Marylebone Square Property Group Limited, a fellow subsidiary of the company's parent company.

Included within creditors at reporting date are the following balances owing to companies related by virtue of common control:

Stamford Cannon (NDM) Limited - £40,025 (2023:£40,025)
Stamford Cannon (MK) Limited - £46,509 (2023: £46,509)
Lakeview Management Three Limited - £1,293,929 (2023: £1,294,289)
Lakeview Commercial Three Limited - £1,131,683 (2023: £1111,328)
Lakeview Homes Three Limited - £2,262,837 (2023: £2,198,197)
Lakeview Properties Three Limited - £497,496 (2023: £484,818)
Lakeview Services Three Limited - £543,784 (2023: £544,144)
Marylebone Land Leases Ltd - £120,000(2023: nil)

Also included within creditors at reporting date is a balance of £5,012,078 (2023: £5,012,078) owing to Marylebone Square Holdings Limited, the company's parent company.

All of the balances detailed above represent working capital loans, bear no interest and have no formal terms of repayment.

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Central Property Rooms Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

12. Parent company

The ultimate controlling party is Mr D Warwicker.

Central Property Rooms Limited is a 100% owned subsidiary of Marylebone Square Holdings Limited.

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