Registration number: 9591299

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Company Information

Directors

Danny Wyler Mr Darryl Fernandez Snata Sebag-Montefiore

Company secretary

Principia Estate & Asset Management Ltd

Registered office

The Studio 16 Cavaye Place London Greater London SW10 9PT

Accountants

Akhtar & Co Chartered AccountantsProspect House 67 Boston Manor Road Brentford Greater London TW8 9JQ

(Registration number: 9591299)
Balance Sheet as at 31 March 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	86,491	86,491
Current assets
Debtors	5	4,329	3,011
Creditors: Amounts falling due within one year	6	(90,814)	(89,496)
Net current liabilities		(86,485)	(86,485)
Net assets		6	6
Capital and reserves
Called up share capital		6	6
Shareholders' funds		6	6

For the financial year ending 31 March 2024 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 December 2025 and signed on its behalf by:
 

......................................... Mr Darryl Fernandez Director

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Studio
16 Cavaye Place
London
Greater London
SW10 9PT

These financial statements were authorised for issue by the Board on 29 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Turnover

The total turnover of the company for the year represents income charged to service charge fund for transactions entered into on its behalf with third party suppliers for the purposes of maintaining the common parts of the property under the terms of the lease.

Service charge
The company collects the service charge monies from the tenants for the maintenance of the common parts of the property under the terms of the lease as trustees. The cash balance arising from these monies is held under statutory trust imposed by S42 Landlord and Tenants Act 1987 and is excluded from the company's statutory accounts and shown in separately prepared service charge accounts.

At 31st March 2024 the company held £72,229 (2023 - £64,618) service charge money on trust. This money was held with Natwest Bank c/o Quadrant Property Management.
 

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	no depreciation is provided

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4	Tangible assets

	Land and buildings £	Long leasehold land and buildings £	Total £
Cost or valuation
At 1 April 2023	86,490	1	86,491
At 31 March 2024	86,490	1	86,491
Depreciation
Carrying amount
At 31 March 2024	86,490	1	86,491
At 31 March 2023	86,490	1	86,491

The freehold represents the reversionary interest under the leases that expire in 2127 and 999 years from 1st July 2016 for the property at 38/40 Elm Park Road, London SW3

5

Debtors

Current	2024 £	2023 £
Other debtors	4,329	3,011
	4,329	3,011

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings		86,485	86,485
Other creditors		4,329	3,011
		90,814	89,496

The loan represents amounts received from participants in freehold acquisition of 38-40 Elm Park Road. Included in the loan is £52,734 (2023 - £52,734) from the directors.