REGISTERED NUMBER: 02017331 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

W6 PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N Levy

Mr Z S Levy

REGISTERED OFFICE:

89 Kingsley Way

London

N2 0EL

REGISTERED NUMBER:

02017331 (England and Wales)

ACCOUNTANTS:

DAS Accounting & Partners (UK) LLP

105 Eade Road

OCC Building A

2nd Floor Unit 11a

London

N4 1TJ

FIXED ASSETS

Tangible assets

5

9,256,303

8,707,879

CURRENT ASSETS

Debtors

6

3,715,989

3,082,612

Cash at bank

4,453

5,821

3,720,442

3,088,433

CREDITORS

Amounts falling due within one year

7

(49,795

)

(190,922

)

NET CURRENT ASSETS

3,670,647

2,897,511

TOTAL ASSETS LESS CURRENT LIABILITIES

12,926,950

11,605,390

CREDITORS

Amounts falling due after more than one year

8

(5,650,000

)

(4,900,000

)

PROVISIONS FOR LIABILITIES

9

(1,097,000

)

(1,024,000

)

NET ASSETS

6,179,950

5,681,390

CAPITAL AND RESERVES

Called up share capital

2,100

2,100

Retained earnings

6,177,850

5,679,290

SHAREHOLDERS' FUNDS

6,179,950

5,681,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 December 2025 and were signed on its behalf by:

Mr Z S Levy - Director

1.	STATUTORY INFORMATION

W6 Properties Limited 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention except that investment property is measured at fair value through profit or loss.

Judgements and key sources of estimation uncertainty

Judgements made by the directors, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are discussed below.

The company's investment properties are valued by the directors. The valuation of the company's properties are inherently subjective, depending on many factors, including the individual nature of the property, its location and expected future net rental value, market yields and comparable market conditions. Therefore the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.

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.

Turnover

The turnover of the company is represented by rents and charges receivable in respect of its investment properties.

Tangible fixed assets

Fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and equipment - 20% reducing balance

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Freehold

Fixtures

investment

and

property

Equipment

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

8,700,000

65,889

8,765,889

Revaluations

550,000

-

550,000

At 31 December 2024

9,250,000

65,889

9,315,889

DEPRECIATION

At 1 January 2024

-

58,010

58,010

Charge for year

-

1,576

1,576

At 31 December 2024

-

59,586

59,586

NET BOOK VALUE

At 31 December 2024

9,250,000

6,303

9,256,303

At 31 December 2023

8,700,000

7,879

8,707,879

The directors are of the opinion that £9,250,000 represents the open market value of the company's investment properties at 31 December 2024. The historical cost of the investment properties is £2,984,372 (2023: £2,984,372).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by parent undertaking

2,899,082

2,888,406

Other debtors

816,907

194,206

3,715,989

3,082,612

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other creditors

49,795

190,922

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

5,650,000

4,900,000

The bank loans are secured by legal charges over the investment properties of the company.

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

1,097,000

1,024,000

Deferred

tax

£

Balance at 1 January 2024

1,024,000

Movement during the year

73,000

Balance at 31 December 2024

1,097,000

The provision for deferred tax is in relation to timing differences in respect of the revaluation of investment properties.

10.	RELATED PARTY DISCLOSURES

Other debtors include amounts of £653,625 (2023: £16,169) due from companies which have directors in common with the company.

Other creditors include an amount of £15,000 owed to a company of which a director of the company is also a director.