ACCOUNTS - Final Accounts

Registered number: 11899026

SYDNEY & LONDON HOLDINGS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

SYDNEY & LONDON HOLDINGS LIMITED

COMPANY INFORMATION

Directors	D. G. Gross
	R. D. Hughes
	A. H. Armstrong
	S. J. Childs


Company secretary	A. Mortimer


Registered number	11899026


Registered office	1st Floor Sackville House
	143-149 Fenchurch Street
	London
	EC3M 6BL


Independent auditors	Wilder Coe Limited
	Chartered Accountants and Statutory Auditors
	1st Floor Sackville House
	143-149 Fenchurch Street
	London
	EC3M 6BL

SYDNEY & LONDON HOLDINGS LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 5

SYDNEY & LONDON HOLDINGS LIMITED

REGISTERED NUMBER: 11899026

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Debtors	4	1,443,562		27,431
Cash at bank and in hand		1,839		236
		1,445,401		27,667
Creditors: amounts falling due within one year	5	(1,337,487)		(4,259)
Net current assets			107,914		23,408
Net assets			107,914		23,408

Capital and reserves
Called up share capital	6	1	1
Profit and loss account		107,913	23,407
Shareholders' funds		107,914	23,408

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

The Company has opted not to file the Directors' Report and Statement of Comprehensive Income in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 September 2025.

S. J. Childs	R. D. Hughes
Director	Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

SYDNEY & LONDON HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Sydney & London Holdings Limited (the "Company") registered at 1st Floor, Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL is a private company limited by shares and incorporated and domiciled in the UK (England & Wales).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Statement of Cash Flows

The company has taken advantage of the exemption in Financial Reporting Standard 102, section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company.

2.3

Going concern

The financial statements have been prepared on the going concern basis, which the directors believe to be appropriate as the Company has net assets and net current assets and can settle liabilities as they fall due.
Based on these undertakings and assumptions the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.

2.4

Interest receivable

Interest income is recognised in the Statement of Comprehensive Income as it accrues, using the effective interest method.

2.5

Financial instruments

Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of instrument for a similar debt instrument.

Page 2

SYDNEY & LONDON HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Foreign currency translation

Functional and presentational currency
The Company's functional and presentational currency is British Pound Sterling (GBP).
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.7

Taxation

Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.
Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the Balance Sheet date, and any adjustment to tax payable in respect of previous years.
Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. The following timing difference is not provided for: differences between accumulated depreciation and tax allowances for the cost of a fixed asset if and when all conditions for retaining the tax allowances have been met. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.
Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the Balance Sheet date. Deferred tax balances 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.

Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 5).

Debtors

					2025	2024
					£	£

Due within one year
Amounts due from group companies	-	27,431
Other debtors	1,443,562	-

Page 3

SYDNEY & LONDON HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.Debtors (continued)

		1,443,562	27,431

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to group companies	1,333,707	659
Accruals	3,780	3,600
	1,337,487	4,259

Page 4

SYDNEY & LONDON HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary Shares share of £1	1	1

7.	Related party transactions
	The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 33.1A not to disclose transactions with group entities which are wholly owned by a member of the group.

8.	Ultimate parent company and parent company of larger group

The ultimate parent undertaking of the company is Boughton Holdings Limited, a company incorporated in Gibraltar. Boughton Holdings Limited is under the control of Michael Gross, the main shareholder.
The immediate parent undertaking, Gross Hill Properties Limited, heads the largest group of undertakings for which group financial statements are drawn up, and of which the company is a member.
The consolidated financial statements of Gross Hill Properties Limited are available to the public and may be obtained from Park House, Greyfriars Road, Cardiff, CF10 3AF.

9.	Auditors' information

The Company was subject to an audit for the year ended 31 March 2025. The audit report was issued with an unqualified opinion and signed on 26 September 2025 by Chris Gent BA FCA (Senior Statutory Auditor) on behalf of Wilder Coe Ltd.

Page 5