Edificio Headley Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06490141 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Edificio Headley Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

W M Morris

REGISTERED OFFICE:

Unit 5, Woodcote Mews

Chequers Lane

Tadworth

Surrey

KT20 7ST

REGISTERED NUMBER:

06490141 (England and Wales)

FIXED ASSETS

Tangible assets

4

343,923

379,064

Investment property

5

9,968,929

10,312,852

10,347,993

CURRENT ASSETS

Work in progress

6

9,360

Debtors

7

36,554

12,194

Cash at bank

92,172

187,312

138,086

208,866

CREDITORS

Amounts falling due within one year

8

4,620,773

5,107,039

NET CURRENT LIABILITIES

(4,482,687

)

(4,898,173

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,830,165

5,449,820

CREDITORS

Amounts falling due after more than
one year

9

885,967

NET ASSETS

4,944,198

4,563,853

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

11

4,944,098

4,563,753

SHAREHOLDERS' FUNDS

4,944,198

4,563,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2025 and were signed by:

W M Morris - Director

1.	STATUTORY INFORMATION

Edificio Headley 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors , including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover represents rents receivable during the year. Rent free periods are accounted for in accordance with FRS 102, turnover is recognised at the point when rent becomes payable which is normally at the end of each calendar month

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

885,538

DEPRECIATION

At 1 January 2024

506,474

Charge for year

35,141

At 31 December 2024

541,615

NET BOOK VALUE

At 31 December 2024

343,923

At 31 December 2023

379,064

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

9,968,929

NET BOOK VALUE

At 31 December 2024

9,968,929

At 31 December 2023

9,968,929

The investment properties were revalued on fair value basis by Martin Morris, a former director of the company at 31st December 2024 at £9,968,929 (2023 - £9,968,929). The historical cost of these properties was £6,285,543. The valuation is based on yields accepted by major surveying companies and actual rentals received.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2014

(103,257

)

Valuation in 2015

103,257

Valuation in 2017

1,394,457

Valuation in 2019

220,000

Valuation in 2020

1,100,000

Valuation in 2021

225,000

Valuation in 2022

743,929

Cost

6,285,543

9,968,929

6.	WORK IN PROGRESS

31.12.24

31.12.23

£

Work-in-progress

9,360

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

4,088

11,618

Amounts owed by related

parties

29,601

-

VAT

443

-

Prepayments

2,422

576

36,554

12,194

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

582

206

Tax

127,053

121,614

VAT

-

442

Other creditors

10,950

8,500

Amounts owed to related

parties

4,225,034

4,862,282

Directors' current accounts

132,647

2,450

Accruals and deferred income

9,770

-

Deferred rent

114,737

111,545

4,620,773

5,107,039

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.12.24

31.12.23

£

Deferred tax

885,967

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100

Share capital 1

1

100

11.

RESERVES

Retained

earnings

£

At 1 January 2024

4,563,753

Profit for the year

380,345

At 31 December 2024

4,944,098

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

W M Morris

Balance outstanding at start of year

-

Amounts advanced

(132,648

)

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(132,648

)

-