The directors present their annual report and financial statements for the year ended 25 March 2025.

The principal activities of the company are the ownership and management of the property known as 40/41 Chester Square, London SW1. The whole of the service and management expenses are recoverable from the lessees in accordance with the terms of their respective leases.

The company acts as a trustee in respect of service charge monies collected in connection with the above property. Details of service charge monies have been excluded from the accounts as the company acts only in a trustee capacity in this connection. Separate service charge accounts are prepared and certified.

On 7 August 2020, the company purchased the freehold of 40/41 Chester Square for £8,368,610. The purchase was funded by contributions from 9 shareholders/ participants and a 'White Knight' investor. The company subsequently extended the length of the leases which have been granted to the shareholders. Taking account of the loss in value following these lease extensions and the value attributable to the 'White Knight', the freehold interest is now valued at £174,233 in these financial statements. This comprises the value of the porters flat and parking spaces on short leases.

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption.

The average number of persons, including directors, employed by the company during the year was as follows:

40 Chester Square Freehold Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Studio, 16 Cavaye Place, London, SW10 9PT.

For the year ended 25 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' 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 profit and loss account within the financial statements.true