De Beauvoir Court Freehold Limited - Limited company accounts 25.1

REGISTERED NUMBER: 03254583 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 DECEMBER 2024

FOR

DE BEAUVOIR COURT FREEHOLD LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

P D Askew

J Shopland Jones

REGISTERED OFFICE:

C/o Michael Laurie Magar Ltd

Premiere House

Elstree Way

Borehamwood

WD6 1JH

REGISTERED NUMBER:

03254583 (England and Wales)

ACCOUNTANTS:

Websters

12 Melcombe Place

London

NW1 6JJ

The directors present their report with the financial statements of the company for the year ended 24 December 2024.

PRINCIPAL ACTIVITY

The company owns the reversionary freehold title of De Beauvoir Court, Northchurch Road, London N1 3NX. The company's principal activities comprise the control and supervision of this interest and the related collection of ground rents.

DIRECTORS

The directors shown below have held office during the whole of the period from 25 December 2023 to the date of this report.

P D Askew

J Shopland Jones

Other changes in directors holding office are as follows:

M Raphaely - resigned 1 December 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

P D Askew - Director

24 September 2025

TURNOVER

250

-

Administrative expenses

(1,259

)

(507

)

(1,009

)

(507

)

Other operating income

1,009

300

OPERATING LOSS and

LOSS BEFORE TAXATION

-

(207

)

Tax on loss

-

28

LOSS FOR THE FINANCIAL YEAR

-

(179

)

FIXED ASSETS

Tangible assets

5

12,350

CURRENT ASSETS

Debtors

6

50

-

CREDITORS

Amounts falling due within one year

7

(382

)

(332

)

NET CURRENT LIABILITIES

(332

)

(332

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,018

CAPITAL AND RESERVES

Called up share capital

1,000

Share premium

11,350

Retained earnings

(332

)

(332

)

12,018

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

P D Askew - Director

1.	STATUTORY INFORMATION

De Beauvoir Court Freehold Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover comprises ground rent income from the tenants of De Beauvoir Court, Northchurch Road, London N1 3NX.

Service charge funds

The company receives contributions towards property outgoings from the lessees to the service charge fund. However, as set out in Section 42 of The Landlord & Tenant Act 1987, the company holds these funds in trust for the lessees and therefore it is the opinion of the directors that these contributions along with the assets and liabilities of the service charge fund should not be reflected in the accounts.

Depreciation

No depreciation has been provided on the reversionary freehold interest as the directors are of the view that's its value will not diminish. The directors consider that this accounting policy, which is a departure from the requirements of the Companies Act concerning depreciation of fixed assets, is therefore necessary to provide a true and fair view.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	OPERATING LOSS

The directors received no remuneration in respect of their services to the company for the year.

5.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 25 December 2023

and 24 December 2024

12,350

NET BOOK VALUE

At 24 December 2024

12,350

At 24 December 2023

12,350

The company owns the reversionary freehold interest in De Beauvoir Court, Northchurch Road, London N1 3NX which was purchased for £12,350 consideration. In the directors' opinion the property does not qualify as an Investment Property as defined by the provisions of Section 16 of FRS102 as the property is held primarily for administrative purposes and ground rentals receivable are incidental to this primary purpose. Therefore the property is held on the balance sheet at cost.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

24.12.24

24.12.23

£

Other debtors

50

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

24.12.24

24.12.23

£

Other creditors

382

332

8.	CONTROLLING PARTY

The company is controlled by a voting majority of its shareholders and accordingly there is no controlling related party.