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Company Registration No. 14128648 (England and Wales)
Summit Estates London Ltd Unaudited accounts for the year ended 31 May 2025
Summit Estates London Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Summit Estates London Ltd Company Information for the year ended 31 May 2025
Director
Moshe Yakov Lefkowitz
Company Number
14128648 (England and Wales)
Registered Office
Occ Estates Building A 105 Eade Road London N4 1TJ United Kingdom
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Summit Estates London Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,532
1,161
Investment property
2,096,222
1,385,000
2,097,754
1,386,161
Current assets
Debtors
118,957
93,941
Cash at bank and in hand
26,339
63,802
145,296
157,743
Creditors: amounts falling due within one year
(184,117)
(422,850)
Net current liabilities
(38,821)
(265,107)
Total assets less current liabilities
2,058,933
1,121,054
Creditors: amounts falling due after more than one year
(1,782,870)
(782,761)
Net assets
276,063
338,293
Capital and reserves
Called up share capital
100
100
Profit and loss account
275,963
338,193
Shareholders' funds
276,063
338,293
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 January 2026 and were signed on its behalf by
Moshe Yakov Lefkowitz Director Company Registration No. 14128648
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Summit Estates London Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Summit Estates London Ltd is a private company, limited by shares, registered in England and Wales, registration number 14128648. The registered office is Occ Estates Building A , 105 Eade Road, London, N4 1TJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% RBB
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Summit Estates London Ltd Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 June 2024
1,211
Additions
881
At 31 May 2025
2,092
Depreciation
At 1 June 2024
50
Charge for the year
510
At 31 May 2025
560
Net book value
At 31 May 2025
1,532
At 31 May 2024
1,161
5
Transactions with related parties
Included within creditors is an amount aggregating to £50,000 (2024:£23,576) received from companies with a director in common with this company.
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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