778 HIGH ROAD N12 LIMITED

Registered Number
05707315
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

Company Information
for the year from 1 January 2024 to 31 December 2024


Directors	BRESLIN, Christopher James
	DONOUZJIAN, Katie
	NANJI, Karim


Company Secretary	R P PROPERTY MANAGEMENT LTD.


Registered Address	27a Market Place
	Hatfield
	AL10 0LJ


Registered Number	05707315 (England and Wales)

778 HIGH ROAD N12 LIMITED

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Current assets
Debtors	3	8,012		4,320
Cash at bank and on hand		814		2,695
		8,826		7,015
Creditors amounts falling due within one year	4	(8,819)		(4,708)
Net current assets (liabilities)			7		2,307
Total assets less current liabilities			7		2,307
Provisions for liabilities	5		-		(2,299)
Net assets			7		8
Capital and reserves
Called up share capital			8		8
Profit and loss account			(1)		-
Shareholders' funds			7		8

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 25 September 2025, and are signed on its behalf by:

DONOUZJIAN, Katie
Director
Registered Company No. 05707315

778 HIGH ROAD N12 LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from rendering of services
	Turnover is made up of the service charges receivable for the property 778 - 780 High Road, N12.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	3		3

3.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	3,002	3,000
Prepayments and accrued income	5,010	1,320
Total	8,012	4,320

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	7,955	-
Other creditors	-	3,831
Accrued liabilities and deferred income	864	877
Total	8,819	4,708

5.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	-	2,299
Total	-	2,299

6.	Related party transactions
	R P Property Management Limited, the managing agents do not receive any insurance commission whatsoever. Where associated companies carry out any maintenance works this is provided at cost price and no commission, fees or income is received.