Company registration number 04502481 (England and Wales)
143-155 GLOUCESTER TERRACE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
143-155 GLOUCESTER TERRACE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
143-155 GLOUCESTER TERRACE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
3
56,250
80,750
Current assets
Cash at bank and in hand
42,422
24,556
Creditors: amounts falling due within one year
4
(2,604)
(8,286)
Net current assets
39,818
16,270
Total assets less current liabilities
96,068
97,020
Provisions for liabilities
(5,453)
(7,828)
Net assets
90,615
89,192
Capital and reserves
Called up share capital
5
55
54
Non-distributable profits reserve
7
27,668
39,719
Distributable profit and loss reserves
8
62,892
49,419
Total equity
90,615
89,192
143-155 GLOUCESTER TERRACE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

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

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

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.

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.

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

The financial statements were approved by the board of directors and authorised for issue on 16 March 2026 and are signed on its behalf by:
I Gill
Director
Company Registration No. 04502481
143-155 GLOUCESTER TERRACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

143-155 Gloucester Terrace 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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

The company receives rental income from the lessee s who did not participate in the purchase of the freehold.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in 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 including transaction costs.

Basic financial liabilities

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

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue 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.

143-155 GLOUCESTER TERRACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
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

During the year the company has acted as agent for the lessees of the property at 143/155 Gloucester Terrace, London W2 6DX. The funds in relation to the maintenance of the property are held in trust. As at 31 December 2025 the cash balance held on behalf of the lessees amounted to £73,316.

Income and expenditure arising in relation to the maintenance of the common parts of the property held in accordance with the governing leases 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 143-155 Gloucester Terrace 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
143-155 GLOUCESTER TERRACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
3
Investment property
2025
£
Fair value
At 1 January 2025
80,750
Disposals
(24,500)
At 31 December 2025
56,250

The fair value of the investment property has been arrived at on the basis of a valuation carried out as at 31 December 2022 for 147-153 Gloucester Terrace, London, W2 by Sloan Property Services Ltd Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

The directors confirm no valuation has been carried out as at 31 December 202 5 and have continued to use the 2022 valuation for the remaining flat.

4
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
2,604
8,286
5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
55
54
55
54

During the year 1 ordinary shares was issued for consideration of £1 received by the company.

143-155 GLOUCESTER TERRACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
6
Share premium account
2025
2024
£
£
At the beginning of the year
-
0
192,571
Other movements
-
0
(192,571)
At the end of the year
-
0
-
0
7
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
39,719
77,894
Non distributable movement in the year
(12,051)
(38,175)
At the end of the year
27,668
39,719
8
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
49,419
(102,310)
Profit/(loss) for the year
1,422
(79,017)
Movement from non-distributable profit reserve in the year
12,051
38,175
Reduction of capital
-
192,571
At the end of the year
62,892
49,419
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