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Company No: 13255716 (England and Wales)

# PALMERSTON ROAD NW6 LTD

### Unaudited Financial Statements
For the financial year ended 31 August 2025
Pages for filing with the registrar

PALMERSTON ROAD NW6 LTD

## Unaudited Financial Statements

For the financial year ended 31 August 2025

Contents

PALMERSTON ROAD NW6 LTD

## COMPANY INFORMATION

For the financial year ended 31 August 2025
PALMERSTON ROAD NW6 LTD

## COMPANY INFORMATION (continued)

For the financial year ended 31 August 2025

DIRECTORS | Adam Cole
| Adrian Cole

REGISTERED OFFICE | 1st Floor Connaught House
| Broomhill Road
| Woodford Green
| IG8 0XR
| United Kingdom

COMPANY NUMBER | 13255716 (England and Wales)

ACCOUNTANT | Gravita Essex Limited
| Treviot House
| 186-192 High Road
| Ilford
| Essex
| IG1 1LR
| United Kingdom

PALMERSTON ROAD NW6 LTD

## BALANCE SHEET

As at 31 August 2025
PALMERSTON ROAD NW6 LTD

## BALANCE SHEET (continued)

As at 31 August 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 0 |  | 400,000
Investments | 4 | 9,900 |  | 9,900
|  | 9,900 |  | 409,900
Current assets |  |  |  |
Cash at bank and in hand |  | 142,442 |  | 34,754
|  | 142,442 |  | 34,754
Creditors: amounts falling due within one year | 5 | ( 152,242) |  | ( 16,374)
Net current (liabilities)/assets |  | (9,800) |  | 18,380
Total assets less current liabilities |  | 100 |  | 428,280
Creditors: amounts falling due after more than one year | 6 | 0 |  | ( 253,750)
Provision for liabilities |  | 0 |  | ( 57,721)
Net assets |  | 100 |  | 116,809
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Fair value reserve |  | 0 |  | 173,162
Profit and loss account |  | 0 |  | ( 56,453 )
Total shareholder's funds |  | 100 |  | 116,809

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Palmerston Road NW6 Ltd (registered number: 13255716) were approved and authorised for issue by the Board of Directors on 03 November 2025. They were signed on its behalf by:

Adrian Cole Director |

PALMERSTON ROAD NW6 LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2025
PALMERSTON ROAD NW6 LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Palmerston Road NW6 Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1st Floor Connaught House, Broomhill Road, Woodford Green, IG8 0XR, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover represents rent received in the year

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Fixed asset investments

Investments are measured at cost less impairment.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 September 2024 | 400,000
Additions | 13,308
Disposals | (413,308)
As at 31 August 2025 | 0

#### 4. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 September 2024 | 9,900 |  | 9,900
At 31 August 2025 | 9,900 |  | 9,900
Carrying value at 31 August 2025 | 9,900 |  | 9,900
Carrying value at 31 August 2024 | 9,900 |  | 9,900

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to Group undertakings | 102,094 |  | 14,412
Taxation and social security | 48,169 |  | 0
Other creditors | 1,979 |  | 1,962
| 152,242 |  | 16,374

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 0 |  | 253,750