REGISTERED NUMBER: 02132320 (England)

Report of the Directors and

Financial Statements

For The Year Ended 31 December 2024

for

CROMWELL COURT (REDFIELD) MANAGEMENT

LIMITED

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

4

Income Statement

7

Balance Sheet

8

Notes to the Financial Statements

9

DIRECTORS:

K K Hasi

R Walia

S Malik

Y Hasi

A Saik

SECRETARY:

Jcfp Secretaries Ltd

REGISTERED OFFICE:

c/o J.C. Francis & Partners Ltd

322 Upper Richmond Road

London

SW15 6TL

REGISTERED NUMBER:

02132320 (England)

AUDITORS:

LBCo Ltd

T/A Lees-Buckley & Co

16 Northfields Prospect

Putney Bridge Road

London

SW18 1PE

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company is to act as registrars and inter alia to undertake the management and administration of common parts of the estate at Cromwell Court, Cromwell Road, London SW5 and Earls Court Road, London SW5 and the common parts of the blocks of flats and of the shop units on the estate.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

K K Hasi

R Walia

Other changes in directors holding office are as follows:

S Malik , Y Hasi and A Saik were appointed as directors after 31 December 2024 but prior to the date of this report.

K K Desaur , J Esciua and C Gagliardi ceased to be directors after 31 December 2024 but prior to the date of this report.

Y Hasi, A Saik, S Malik, K K Hasi, and R Walia are the managing trustees and hold all issued shares in the company in trust so as to ensure that the company is conducted in the interests of the plot owners and the freeholder in accordance with the Declaration of Trust dated 25th February 1988.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, LBCo Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

R Walia - Director

9 December 2025

Opinion

We have audited the financial statements of Cromwell Court (Redfield) Management Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have familiarised ourselves with the laws and regulations identified as being of significance to the company, namely the Companies Act 2006 and the Landlord and Tenant Act 1985. Audit staff and systems are reviewed annually to ensure adequate experience, knowledge and depth of procedures.

Our work has been designed to identify fraud, misstatement and non-compliance with such laws and regulations through full examination of all transactions and analytical review of results, assets and liabilities. Enquiries of all matters requiring further explanation or confirmation have been made of directors and their agents, such as to confirm our conclusions.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. In common with the auditors of many other businesses of similar size and nature we prepare and submit returns to tax authorities and assist with the preparation of the financial statements.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

L G Lees-Buckley (Senior Statutory Auditor)

for and on behalf of LBCo Ltd

T/A Lees-Buckley & Co

16 Northfields Prospect

Putney Bridge Road

London

SW18 1PE

9 December 2025

TURNOVER

47,938

44,417

Administrative expenses

(27,924

)

(27,407

)

OPERATING PROFIT

20,014

17,010

Interest receivable and similar income

2

-

PROFIT BEFORE TAXATION

20,016

17,010

Tax on profit

(3,836

)

(3,010

)

PROFIT FOR THE FINANCIAL YEAR

16,180

14,000

CURRENT ASSETS

Debtors

4

471,059

526,395

CREDITORS

Amounts falling due within one year

5

467,016

524,532

NET CURRENT ASSETS

4,043

1,863

TOTAL ASSETS LESS CURRENT LIABILITIES

4,043

1,863

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

7

4,041

1,861

SHAREHOLDERS' FUNDS

4,043

1,863

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

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

R Walia - Director

1.	STATUTORY INFORMATION

Cromwell Court (Redfield) Management Limited is a private company, limited by shares , registered in England. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Service Charge Balances

The company is trustee for the service charge of its leasehold property and related expenditure is commissioned in its own (company) name. Accordingly, and whilst service charge income and expenditure have been excluded from the Profit and Loss Account, related assets and liabilities are recorded in the Balance Sheet with movement therein shown in notes to the financial statements.

Turnover

Turnover represents wayleave and rental income for the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Lessee arrears

382,842

309,081

Excess service charge due

(Note 8)

-

135,381

Other debtors

8,695

9,351

Funds held by managing agents

40,072

40,619

Called up share capital not paid

2

2

Prepayments and accrued income

39,448

31,961

471,059

526,395

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

73,272

70,168

Corporation tax

3,897

7,817

Income tax

6,557

5,264

Lessee account balances

24,120

6,639

Service charge surplus

(Note 8)

6,222

-

Service charge reserve fund

(Note 9)

179,866

252,202

Freeholder

17,227

10,789

Other creditors

70,576

5,904

Accruals

85,279

165,749

467,016

524,532

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

2

Ordinary

£1

2

2

7.

RESERVES

Retained

earnings

£

At 1 January 2024

1,861

Profit for the year

16,180

Dividends

(14,000

)

At 31 December 2024

4,041

8.	SERVICE CHARGE FUND

31.12.24

31.12.23

£

£

Funds Due From Lessees At 1st January 2024

(135,381

)

(282

)

Transferred From Reserve Fund

135,381

282

Advance Service Charge Demands Including Reserve Funds

660,117

527,966

Service Charge Expenditure For The Year

(603,895

)

(613,347

)

Transfer To Reserve From Current Year Demands

(50,000

)

(50,000

)

Funds Due To / (From) Lessees At 31st December 2024

6,222

(135,381

)

9.	RESERVE FUNDS

31.12.24

31.12.23

£

£

Balance At 01.01.24

252,202

190,008

Service Charge Deficit Transferred From Reserves

(135,381

)

(282

)

Dividend Received Net Of Tax

12,775

12,476

Interest Received Net Of Tax

270

0

Transfer To Reserve From Current Year Demands

50,000

50,000

Balance At 31.12.24

179,866

252,202