REGISTERED NUMBER: 12853003 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

26 CECIL ROAD LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P A Petrou

REGISTERED OFFICE:

Southgate Office Village

286a Chase Road

London

N14 6HF

REGISTERED NUMBER:

12853003 (England and Wales)

ACCOUNTANTS:

ELM Partners

Chartered Certified Accountants

Southgate Office Village

286a Chase Road

Southgate

London

N14 6HF

FIXED ASSETS

Investment property

4

962,919

950,000

CURRENT ASSETS

Debtors

5

10,196

16,370

Cash at bank and in hand

6,116

14,464

16,312

30,834

CREDITORS

Amounts falling due within one year

6

282,751

280,871

NET CURRENT LIABILITIES

(266,439

)

(250,037

)

TOTAL ASSETS LESS CURRENT LIABILITIES

696,480

699,963

CREDITORS

Amounts falling due after more than one year

7

(650,275

)

(650,275

)

PROVISIONS FOR LIABILITIES

9

(7,741

)

(7,741

)

NET ASSETS

38,464

41,947

CAPITAL AND RESERVES

Called up share capital

100

100

Non distributable reserve

23,223

23,223

Retained earnings

15,141

18,624

SHAREHOLDERS' FUNDS

38,464

41,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

P A Petrou - Director

1.	STATUTORY INFORMATION

26 Cecil Road Ltd is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due. The director will finance the company as and when required and the company is expected to generate sufficient rental income to be profitable.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents rent receivable from property letting.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

950,000

Additions

12,919

At 31 March 2025

962,919

NET BOOK VALUE

At 31 March 2025

962,919

At 31 March 2024

950,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

30,964

Cost

931,955

962,919

Investment properties were valued on a fair value basis on 31 March 2025 by the director of the company.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

5,000

5,000

Amounts owed by connected companies

4,500

10,500

Prepayments

696

870

10,196

16,370

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to connected companies

271,520

264,320

Taxation and social security

-

2,090

Other creditors

11,231

14,461

282,751

280,871

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

650,275

650,275

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

650,275

650,275

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

7,741

7,741

Deferred

tax

£

Balance at 1 April 2024

7,741

Balance at 31 March 2025

7,741

10.	RELATED PARTY DISCLOSURES

Included in "Debtors: amounts falling due within one year" is an amount of £4,500 (2024: £10,500) due from a company where P A Petrou is the sole director and shareholder. The loan is interest free.

Included in "Creditors: amount falling due within one year" is an amount of £271,520 (2024: £264,320) due to companies where P A Petrou is the sole director and shareholder. The loan is interest free.

Included in "Creditors: amount falling due within one year" is an amount of £551 (2024: 551) due to P A Petrou, director of the company. The loan is interest free.