Company registration number 14839471 (England and Wales)
1 HEREFORD ROAD W2 (FREEHOLD) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
1 HEREFORD ROAD W2 (FREEHOLD) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
1 HEREFORD ROAD W2 (FREEHOLD) LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
53,200
53,200
Current assets
Debtors
4
1,907
1,202
Creditors: amounts falling due within one year
5
(705)
(708)
Net current assets
1,202
494
Net assets
54,402
53,694
Capital and reserves
Called up share capital
6
2
2
Freehold contribution reserve
53,200
53,200
Profit and loss reserves
1,200
492
Total equity
54,402
53,694

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

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 January 2026 and are signed on its behalf by:
E Guicharnaud
Director
Company registration number 14839471 (England and Wales)
1 HEREFORD ROAD W2 (FREEHOLD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

1 Hereford Road W2 (Freehold) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 7A, Building 6, Croxley Park, Hatters Lane, Watford, Hertfordshire, WD18 8YH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents ground rent receivable from the lessees who did not participate in the purchase of the freehold. Income is recognised on an accruals basis.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Nil

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price.

1 HEREFORD ROAD W2 (FREEHOLD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7

Status

Since the purchase of the freehold the company has acted as agent for the lessees of the property at 1 Hereford, London, W2 4AB. The funds in relation to the maintenance of the property are held in trust. As at 31 May 2025 the cash balance held on behalf of the lessees amounted to £28,258.

The company therefore has no income or expenditure in its own right in relation to the maintenance of the common parts of the property held in accordance with the governing leases. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House. The accounts can be obtained from 1 Hereford Road W2 (Freehold) Limited.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
1 HEREFORD ROAD W2 (FREEHOLD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 June 2024 and 31 May 2025
53,200
Depreciation and impairment
At 1 June 2024 and 31 May 2025
-
0
Carrying amount
At 31 May 2025
53,200
At 31 May 2024
53,200

On 21 July 2023 the freehold interest was purchased in relation to the property held at 1 Hereford Road, London, W2 4AB. The purchase was made to protect the interest of the lessees and was not purchased as an investment property.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
200
Other debtors
1,907
1,002
1,907
1,202
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
166
115
Other creditors
539
593
705
708
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
2025-05-31 2024-06-01 false false false 22 January 2026 CCH Software CCH Accounts Production 2025.200 No description of principal activity E Guicharnaud A Taylor 14839471 2024-06-01 2025-05-31 14839471 2025-05-31 14839471 2024-05-31 14839471 core:LandBuildings 2025-05-31 14839471 core:LandBuildings 2024-05-31 14839471 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 14839471 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 14839471 core:CurrentFinancialInstruments 2025-05-31 14839471 core:CurrentFinancialInstruments 2024-05-31 14839471 core:ShareCapital 2025-05-31 14839471 core:ShareCapital 2024-05-31 14839471 core:OtherMiscellaneousReserve 2025-05-31 14839471 core:OtherMiscellaneousReserve 2024-05-31 14839471 core:RetainedEarningsAccumulatedLosses 2025-05-31 14839471 core:RetainedEarningsAccumulatedLosses 2024-05-31 14839471 core:ShareCapitalOrdinaryShareClass1 2025-05-31 14839471 core:ShareCapitalOrdinaryShareClass1 2024-05-31 14839471 bus:Director1 2024-06-01 2025-05-31 14839471 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 14839471 2023-05-02 2024-05-31 14839471 core:LandBuildings 2024-05-31 14839471 core:WithinOneYear 2025-05-31 14839471 core:WithinOneYear 2024-05-31 14839471 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 14839471 bus:OrdinaryShareClass1 2025-05-31 14839471 bus:OrdinaryShareClass1 2024-05-31 14839471 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 14839471 bus:FRS102 2024-06-01 2025-05-31 14839471 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 14839471 bus:Director2 2024-06-01 2025-05-31 14839471 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 14839471 bus:FullAccounts 2024-06-01 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP