Company registration number 15791025 (England and Wales)
CURZON STREET LONDON LIMITED
Financial statements
For the period ended 31 March 2025
Pages for filing with registrar
CURZON STREET LONDON LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 7
CURZON STREET LONDON LIMITED
STATEMENT OF FINANCIAL POSITION
As at 31 March 2025
- 1 -
2025
Notes
£
£
Non-current assets
Investment property
6
21,950,000
Current assets
Trade and other receivables
7
612,707
Cash and cash equivalents
579,299
1,192,006
Current liabilities
8
(706,901)
Net current assets
485,105
Total assets less current liabilities
22,435,105
Non-current liabilities
9
(6,531,374)
Provisions for liabilities
10
(426,958)
Net assets
15,476,773
Equity
Called up share capital
11
12,600
Share premium account
12
14,646,480
Retained earnings
817,693
Total equity
15,476,773

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 22 October 2025 and are signed on its behalf by:
Mr N Thompson
Director
Company registration number 15791025 (England and Wales)
CURZON STREET LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the period ended 31 March 2025
- 2 -
1
Accounting policies
Company information

Curzon Street London Limited is a private company limited by shares incorporated in England and Wales. The registered office is Connect House, 133-137 Alexandra Road, London, SW19 7JY.

1.1
Reporting period

These financial statements detail the results of the company for the period from incorporation on 20 June 2024 to 31 March 2025.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Revenue and expenditure

Revenue comprises rental income receivable from the tenants of the investment property. This revenue is recognised in the period to which the income is receivable.

Cost of sales represents the cost of providing service charges to residents of the investment property, together with certain management fees incurred by the company. Administrative expenses include costs associated with the operation of the company. Both are recognised in the period to which the expenses relate.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

CURZON STREET LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the period ended 31 March 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

CURZON STREET LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the period ended 31 March 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The key source of estimation uncertainty relates to the valuation of property where an external valuation is

obtained and is inherently subjective due to the assumptions applied by the valuers.

3
Auditor's remuneration
2025
Fees payable to the company's auditor and associates:
£
For audit services
Audit of the financial statements of the company
17,950
4
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
0
CURZON STREET LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the period ended 31 March 2025
- 5 -
5
Finance costs
2025
£
Finance costs includes the following:
Interest on bank overdrafts and loans
154,395
Interest on shareholder bonds
131,032
285,427
6
Investment property
2025
£
Fair value
At 20 June 2024
-
0
Additions
20,938,194
Revaluations
1,011,806
At 31 March 2025
21,950,000

The fair value of the investment property at the year end is £21.95m. The basis for the valuation is in accordance with the latest version of the RICS Valuation - Global Standards. The fair value has been arrived at on the basis of a valuation carried out by CBRE Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties and taking into account a deduction for all costs necessary to complete the development program.

7
Trade and other receivables
2025
Amounts falling due within one year:
£
Trade receivables
9,102
Other receivables
454,081
463,183
Deferred tax asset
149,524
612,707
8
Current liabilities
2025
£
Trade payables
179,920
Other payables
526,981
706,901
CURZON STREET LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the period ended 31 March 2025
- 6 -
9
Non-current liabilities
2025
£
Bank loans and overdrafts
6,531,374

On 25 November 2024, the company obtained a bank loan of £6.65m. The loan bears interest at the aggregate of the margin and cumulative reference rate of that day, which is 6.19%, and is repayable on 24 November 2027. The company has provided security for this loan by a fixed and floating charge over the assets of the company. The loan balance includes the loan net of transaction costs which are amortised over the period of the loan.

10
Provisions for liabilities
2025
£
Deferred tax liabilities
426,958
11
Called up share capital
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Oridnary shares of £1 each
12,600
12,600
12
Share premium account
2025
£
At the beginning of the period
Issue of new shares
14,646,480
At the beginning and end of the period
14,646,480
13
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditors report was unqualified
Senior Statutory Auditor:
Chris Catto ACA
Statutory Auditor:
WSM Advisors Limited
Date of audit report:
23 October 2025
CURZON STREET LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the period ended 31 March 2025
- 7 -
14
Related party transactions

On 2 August 2024, the company received shareholder loans of £3,990,000 from AS Straen and £2,660,000 from AS Clipper to fund the purchase of the investment property. The loans bear interest at a fixed rate of 6.2% per annum. The loans together with accrued interest of £131,032 were repaid on 25 November 2024.

2025-03-31 2024-06-20 false false false 23 October 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr N Thompson Mr B J Chambers Mr E Evjen Mr H W C B Dyckerhoff 15791025 2024-06-20 2025-03-31 15791025 2025-03-31 15791025 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 15791025 core:WithinOneYear 2025-03-31 15791025 core:AfterOneYear 2025-03-31 15791025 core:CurrentFinancialInstruments 2025-03-31 15791025 core:ShareCapital 2025-03-31 15791025 core:SharePremium 2025-03-31 15791025 core:RetainedEarningsAccumulatedLosses 2025-03-31 15791025 core:ShareCapitalOrdinaryShareClass1 2025-03-31 15791025 bus:Director1 2024-06-20 2025-03-31 15791025 2024-06-19 15791025 core:Non-currentFinancialInstruments 2025-03-31 15791025 bus:OrdinaryShareClass1 2024-06-20 2025-03-31 15791025 bus:OrdinaryShareClass1 2025-03-31 15791025 core:SharePremium 2024-06-20 2025-03-31 15791025 bus:PrivateLimitedCompanyLtd 2024-06-20 2025-03-31 15791025 bus:SmallCompaniesRegimeForAccounts 2024-06-20 2025-03-31 15791025 bus:FRS102 2024-06-20 2025-03-31 15791025 bus:Audited 2024-06-20 2025-03-31 15791025 bus:Director2 2024-06-20 2025-03-31 15791025 bus:Director3 2024-06-20 2025-03-31 15791025 bus:Director4 2024-06-20 2025-03-31 15791025 bus:FullAccounts 2024-06-20 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP