Registration number: 13036858

NWX Residences A Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

NWX Residences A Limited

Company Information

Directors

Mr J T F Cham Miss Shaline Gnanalingam

Registered office

Loftus Road Stadium South Africa Road London W12 7PJ

Accountants

Richlands Business Advisers Limited Chartered Accountants42-46 Station Road Edgware Middlesex HA8 7AB

NWX Residences A Limited

(Registration number: 13036858)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Current assets
Debtors	4	166,798	435,421
Investments	5	6,673,155	7,438,995
Cash at bank and in hand		266,019	224,556
		7,105,972	8,098,972
Creditors: Amounts falling due within one year	6	(7,003,451)	(8,071,299)
Net assets		102,521	27,673
Capital and reserves
Called up share capital	7	1	1
Retained earnings		102,520	27,672
Shareholders' funds		102,521	27,673

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 27 June 2025 and signed on its behalf by:
 

......................................... Mr J T F Cham Director

NWX Residences A Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Loftus Road Stadium
South Africa Road
London
W12 7PJ
United Kingdom

These financial statements were authorised for issue by the Board on 27 June 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable from the rental of the company's short leasehold property, excluding value added tax.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income or directly in equity.

Current income tax or deferred tax assets and liabilities are not discounted.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

NWX Residences A Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is provided in full on timing differences which result in an obligation to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise but not reversed at the balance sheet date.

Deferred tax is measured based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements. Deferred tax assets are recognised to the extent that it is regarded as more than likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.

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.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Debtors

	Note	2024 £	2023 £
Amounts owed by group undertakings	9	110,530	371,914
Other debtors		56,268	63,507
Total current trade and other debtors		166,798	435,421

NWX Residences A Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5	Current asset investments

	2024 £	2023 £
Other investments	6,673,155	7,438,995

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Amounts owed to group undertakings	9	6,963,867	7,983,274
Accrued expenses		7,500	5,500
Deferred income		32,084	82,525
		7,003,451	8,071,299

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

8	Financial commitments, guarantees and contingencies

On 26 February 2021 the parent company, Oakfield A Limited, granted a lease of 21 years and one day to NWX Residences A Limited. This lease together with the company bank accounts have a charge over them by Deutsche Bank AG.

9	Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
 

NWX Residences A Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

10	Parent and ultimate parent undertaking

The company's immediate parent is Oakfield A Limited, incorporated in England and Wales.

 The ultimate parent is Gryss Int Ltd (BVI), incorporated in British Virgin Islands.

The financial statements for the ultimate parent entity are not publicly available and they are available only when approval and consent by the directors and council members of the foundation.

 The ultimate controlling party is Shaline Gnanalingam, Ruben Gnanalingam and Andre Mignot.