Southgate Views Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09502765 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SOUTHGATE VIEWS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P Adamou

Mr T Panayiotou

Mr P Stavrou

Mr C Stylianou

REGISTERED OFFICE:

South Point House

321 Chase Road

London

N14 6JT

REGISTERED NUMBER:

09502765 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Investment property

4

14,125,939

CURRENT ASSETS

Debtors

5

553,779

349,982

Cash at bank

144,969

17,130

698,748

367,112

CREDITORS

Amounts falling due within one year

6

4,827,046

4,610,443

NET CURRENT LIABILITIES

(4,128,298

)

(4,243,331

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,997,641

9,882,608

CREDITORS

Amounts falling due after more than one year

7

9,065,094

9,112,878

NET ASSETS

932,547

769,730

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

932,447

769,630

SHAREHOLDERS' FUNDS

932,547

769,730

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

Mr P Adamou - Director

1.	STATUTORY INFORMATION

Southgate Views 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.	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.

INVESTMENT PROPERTY

Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The director considers that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the loss for the financial year would have been increased by the amount of depreciation.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

and 31 March 2025

14,125,939

NET BOOK VALUE

At 31 March 2025

14,125,939

At 31 March 2024

14,125,939

Investment properties were valued on a fair value basis, by the directors, at the year end.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

553,779

349,982

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

47,784

45,597

Trade creditors

261,593

38,453

Taxation and social security

15,015

94,619

Other creditors

4,502,654

4,431,774

4,827,046

4,610,443

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

9,065,094

9,112,878

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

5,500,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

9,112,878

9,158,475

The bank loans are secured by way of fixed and floating charge on the assets and undertakings of the company.

9.	RELATED PARTY DISCLOSURES

Included in debtors, amounts falling due within one year, is an interest free amount of £230,000 (2024: £230,000) due from Berkeley Corporate Finance Limited. The companies are connected by virtue of common Directors.

Included in debtors, amounts falling due within one year, is an interest free amount of £142,500 (2024: £ 84,000) due from Solar House Estates Limited. The companies are connected by virtue of common Directors.

Included in debtors, amounts falling due within one year, is an interest free amount of £23,214 (2024: £10,420) due from Brook Point Properties Ltd. The companies are connected by virtue of common Directors.

Included in debtors, amounts falling due within one year, is an interest free amount of £60,000 (2024: £Nil) due from 305 Chase House Ltd. The companies are connected by virtue of common Directors.

Included in debtors, amounts falling due within one year, is an interest free amount of £82,000 (2024: £10,000) due from Microcorm Ltd. The companies are connected by virtue of common Directors.

Included in creditors, amounts falling due within one year, is an interest free amount of £3,897,141 (2024: £3,837,141) due to Brookway LP. The companies are connected by virtue of common Directors and Partners.

Included in creditors, amounts falling due within one year, is also an interest free amount of £167,200 (2024: £Nil) due to Chase House Commercial 4th Ltd .

Included in creditors, amounts falling due within one year, is also an interest free amount of £250,000 (2024: £250,000) due to Gate Management Limited. The companies are connected by virtue of common Directors.

Included in creditors, amounts falling due within one year, is an interest free amount of £40,000 (2024: £40,000) due to Adam & Styles Properties Ltd. The companies are connected by virtue of common Directors.