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Company Registration No. 03999601 (England and Wales)
Subway Developments (London) Limited Unaudited accounts for the year ended 31 December 2024
Subway Developments (London) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Subway Developments (London) Limited Company Information for the year ended 31 December 2024
Directors
Hamed Al Naqeeb Farris Al Naqeeb Charles Andrew Stewart
Secretary
Fan Zhang
Company Number
03999601 (England and Wales)
Registered Office
Blackwell House Guildhall Yard London Greater London EC2V 5AE United Kingdom
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Subway Developments (London) Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
5
844,210 
1,095,235 
Cash at bank and in hand
118,517 
49,232 
962,727 
1,144,467 
Creditors: amounts falling due within one year
6
(219,039)
(221,361)
Net current assets
743,688 
923,106 
Net assets
743,688 
923,106 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
742,688 
922,106 
Shareholders' funds
743,688 
923,106 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by
Hamed Al Naqeeb Director Company Registration No. 03999601
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Subway Developments (London) Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Subway Developments (London) Limited is a private company, limited by shares, registered in England and Wales, registration number 03999601. The registered office is Blackwell House, Guildhall Yard, London, Greater London, EC2V 5AE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
150,000 
At 31 December 2024
150,000 
Amortisation
At 1 January 2024
150,000 
At 31 December 2024
150,000 
Net book value
At 31 December 2024
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,350 
- 
Trade debtors
5,475 
79,281 
Accrued income and prepayments
- 
46,044 
6,825 
125,325 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
837,385 
969,910 
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Subway Developments (London) Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
93,041 
93,041 
Taxes and social security
121,925 
115,064 
Accruals
4,073 
13,256 
219,039 
221,361 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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