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Registration number: 04676436

Saxon Hall Freehold Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Saxon Hall Freehold Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Financial Statements | 4 to 8

Saxon Hall Freehold Limited

Company Information

Director | Mr Michael Wrennall

Company secretary | Mr Giles Christopher Wrennall

Registered office | 27 Saxon Hall 16 Palace Court London W2 4JA

Accountants | Michaelides Warner & Co 102 Fulham Palace Road London W6 9PL

Saxon Hall Freehold Limited

(Registration number: 04676436)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 5 | 1,758,356 | 1,752,920
Current assets |  |  |
Stocks | 6 | 945,595 | 125,000
Debtors | 7 | 878,586 | 541,132
Cash at bank and in hand |  | 485,825 | 676,623
|  | 2,310,006 | 1,342,755
Creditors: Amounts falling due within one year | 8 | (872,445) | (712,897)
Net current assets |  | 1,437,561 | 629,858
Total assets less current liabilities |  | 3,195,917 | 2,382,778
Creditors: Amounts falling due after more than one year | 8 | (891,918) | -
Provisions for liabilities |  | (405,954) | (405,954)
Net assets |  | 1,898,045 | 1,976,824
Capital and reserves |  |  |
Called up share capital | 9 | 101,898 | 101,898
Retained earnings |  | 1,796,147 | 1,874,926
Shareholders' funds |  | 1,898,045 | 1,976,824

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

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 December 2025

Saxon Hall Freehold Limited

(Registration number: 04676436)
Balance Sheet as at 31 March 2025

......................................... Mr Michael Wrennall Director

Saxon Hall Freehold Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
27 Saxon Hall
16 Palace Court
London
W2 4JA
England

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Saxon Hall Freehold Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Asset class | Depreciation method and rate
Fixtures and fittings | 10% straight line basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Saxon Hall Freehold Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables,cash and bank balances, trade and other creditors.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2024 | 114,497 | 114,497
At 31 March 2025 | 114,497 | 114,497
Depreciation
At 1 April 2024 | 114,497 | 114,497
At 31 March 2025 | 114,497 | 114,497
Carrying amount
At 31 March 2025 | - | -

5 | Investment properties

| 2025 £
At 1 April | 1,758,356
At 31 March | 1,758,356

Saxon Hall Freehold Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

6 | Stocks

| 2025 £ | 2024 £
Work in progress | 945,595 | 125,000

7 | Debtors

Current | Note | 2025 £ | 2024 £
Amounts owed by related parties | 11 | 826,689 | 474,085
Other debtors |  | 51,897 | 67,047
|  | 878,586 | 541,132

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 447 | 738
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 11 | 871,998 | 707,231
Other creditors |  | - | 4,928
|  | 872,445 | 712,897

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Share of £1 each | 101,898 | 101,898 | 101,898 | 101,898

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 891,918 | -

Saxon Hall Freehold Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

11 | Related party transactions

2025 | At 1 April 2024 £ | Advances to director £ | At 31 March 2025 £
Mr Michael Wrennall
Director loan | 1,781 | (1,781) | -

2024 | At 1 April 2023 £ | Advances to director £ | At 31 March 2024 £
Mr Michael Wrennall
Director loan | - | 1,781 | 1,781

Summary of transactions with parent

Amount owed by parent company is £327,379 (2024: £297,099) The parent company is Palace Court Properties Limited

Summary of transactions with all entities with joint control or significant interest

The amount owed to related parties with joint control or with significant influence is £871,998 (2024: £717,039)
The amount owed by related parties with joint control or with significant influence is £499,310 (2024: £173,294)