| Baron properties London Limited |
| Registered number: |
05028765 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investment properties |
3 |
|
|
8,484,202 |
|
|
8,484,202 |
|
| Current assets |
| Debtors |
4 |
|
3,776,778 |
|
|
3,677,300 |
| Cash at bank and in hand |
|
|
163,103 |
|
|
737,516 |
|
|
|
3,939,881 |
|
|
4,414,816 |
|
| Creditors: amounts falling due within one year |
5 |
|
(2,979,825) |
|
|
(2,223,416) |
|
| Net current assets |
|
|
|
960,056 |
|
|
2,191,400 |
|
| Total assets less current liabilities |
|
|
|
9,444,258 |
|
|
10,675,602 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(4,376,021) |
|
|
(5,917,526) |
|
| Provisions for liabilities |
|
|
|
(550,063) |
|
|
(550,063) |
|
|
| Net assets |
|
|
|
4,518,174 |
|
|
4,208,013 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
5 |
|
|
5 |
| Fair value reserve |
8 |
|
|
2,535,703 |
|
|
2,535,703 |
| Profit and loss account |
|
|
|
1,982,466 |
|
|
1,672,305 |
|
| Shareholders' funds |
|
|
|
4,518,174 |
|
|
4,208,013 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| B Naghdi-Esfastani |
| Director |
| Approved by the board on 28 December 2025 |
|
| Baron properties London Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
20% WDV |
|
|
Investments properties |
|
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. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Investment properties |
| £ |
|
Cost or Market value |
|
At 1 April 2024 |
8,484,202 |
|
At 31 March 2025 |
8,484,202 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value or Market value |
|
At 31 March 2025 |
8,484,202 |
|
At 31 March 2024 |
8,484,202 |
|
Investment properties are valued by the directors as at 31st March 2025. |
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Amount owed by related company |
|
3,776,778 |
|
3,677,300 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
128,806 |
|
128,804 |
|
Trade creditors |
4,170 |
|
5,975 |
|
Amounts owed to related company |
|
2,684,010 |
|
2,027,350 |
|
Director's account |
|
|
|
|
840 |
|
840 |
|
Rent Deposits |
|
|
|
|
37,814 |
|
36,470 |
|
Taxation and social security costs |
103,487 |
|
21,725 |
|
Other creditors |
20,698 |
|
2,252 |
|
|
|
|
|
|
2,979,825 |
|
2,223,416 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
1,226,327 |
|
1,926,581 |
|
Pension loan account |
417,730 |
|
125,000 |
|
Other creditors |
2,731,964 |
|
3,865,945 |
|
|
|
|
|
|
4,376,021 |
|
5,917,526 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
1,355,133 |
|
2,055,385 |
|
|
|
|
|
|
|
|
|
|
Bank loans are secured against the properties held by the company. |
|
|
| 8 |
Fair Valuation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 April 2024 |
2,535,703 |
|
2,296,606 |
|
Movement in reserve |
- |
|
239,097 |
|
|
At 31 March 2025 |
2,535,703 |
|
2,535,703 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Related party transactions |
|
|
The other creditors represents loan advance from BP Partnership and Baron Properties Pension Scheme to finance purchase of investment properties. |
|
|
|
|
|
|
2025 |
|
2024 |
| £ |
£ |
|
Baron Properties Pension Scheme |
(417,730) |
|
(125,000) |
|
Balance payable to BP Partnership |
(2,731,964) |
|
(3,865,945) |
|
|
|
|
|
|
|
|
|
|
Mrs F Naghdi is also director and shareholder of Granlty hotel ltd where the company had the following balances: |
|
|
|
|
|
|
2025 |
|
2024 |
| £ |
£ |
|
|
Grantly Hotel Limited |
(2,684,010) |
|
(2,027,350) |
|
|
|
|
|
|
|
|
|
|
Debtors includes intercompany loan from Baron Properties Commercial Limited where similar directors are also shareholders. |
|
|
|
|
|
|
2025 |
|
2024 |
| £ |
£ |
|
Baron Properties Enterprize Limited |
700,000 |
|
650,000 |
|
Baron Properties Commercial Limited |
3,076,778 |
|
3,027,300 |
|
All the intercompany loans are interest free and payable or receivable on demand. |
|
| 10 |
Controlling party |
|
|
Baron Properties London Limited is a wholly owned subsidiary of BANF Holdings Limited, a company registered in England and Wales. |
|
|
| 11 |
Other information |
|
|
Baron properties London Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
50 Shepherds Bush Green |
|
London |
|
W12 8PS |