Executive Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01742935

Executive Properties Limited

Filleted Unaudited Financial Statements

31 March 2025

Executive Properties Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		30,161,592	29,174,139

Current assets

Debtors	6	792,884	765,233
Cash at bank and in hand		138,675	787,250
		---------	------------
		931,559	1,552,483

Creditors: amounts falling due within one year	7	560,563		588,417
		---------		------------
Net current assets			370,996	964,066
			-------------	-------------
Total assets less current liabilities			30,532,588	30,138,205

Creditors: amounts falling due after more than one year	8	16,056,636	15,359,686
		-------------	-------------
Net assets		14,475,952	14,778,519
		-------------	-------------

Capital and reserves

Called up share capital	2,000	1,000
Revaluation reserve	14,709,763	14,709,763
Profit and loss account	( 235,811)	67,756
	-------------	-------------
Shareholders funds	14,475,952	14,778,519
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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

Directors' responsibilities:

- 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 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Executive Properties Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 16 December 2025 , and are signed on behalf of the board by:

Mr M C Votsis	Mr S X Protopapas
Director	Director

Company registration number: 01742935

Executive Properties Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Queens House, 180 Tottenham Court Road, London, W1T 7PD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures & Fittings	-	20% WDV

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: Nil).

5. Tangible assets

	Land and buildings	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2024	29,169,584	83,711	29,253,295
Additions	988,591	–	988,591
	-------------	--------	-------------
At 31 March 2025	30,158,175	83,711	30,241,886
	-------------	--------	-------------
Depreciation
At 1 April 2024	–	79,156	79,156
Charge for the year	–	1,138	1,138
	-------------	--------	-------------
At 31 March 2025	–	80,294	80,294
	-------------	--------	-------------
Carrying amount
At 31 March 2025	30,158,175	3,417	30,161,592
	-------------	--------	-------------
At 31 March 2024	29,169,584	4,555	29,174,139
	-------------	--------	-------------

In the opinion of the directors, the market value of land and buildings was at least equal to their book value, at the Balance Sheet date.

6. Debtors

	2025	2024
	£	£
Trade debtors	7,204	85,243
Amounts owed by group undertakings and undertakings in which the company has a participating interest	785,510	679,820
Other debtors	170	170
	---------	---------
	792,884	765,233
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	137	–
Trade creditors	183,693	277,006
Social security and other taxes	9,263	750
Other creditors	367,470	310,661
	---------	---------
	560,563	588,417
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	15,543,750	14,888,750
Directors loan accounts	169,936	170,936
Loan	342,950	300,000
	-------------	-------------
	16,056,636	15,359,686
	-------------	-------------

9. Contingencies

There were no contingent liabilities, to the knowledge of the directors, which have not been provided for in these accounts.

10. Events after the end of the reporting period

The effects of events relating to the year ended 31st March, 2018, which occurred before the date of approval of the financial statements by the board of directors, have been included to the extent required to show a true and fair view of the state of affairs at 31st March 2018 and of the results for the year ended on that date.

11. Related party transactions

The company was under the control of its Directors throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.