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COMPANY REGISTRATION NUMBER: 02229160

Baronguild Limited

Unaudited Financial Statements

31 July 2025

Baronguild Limited

Directors' Report

Year ended 31 July 2025
The directors present their report and the unaudited financial statements of the company for the year ended 31 July 2025 .
Directors
The directors who served the company during the year were as follows:

Mrs D Feldman |
Mr M Feldman |

Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 21 April 2026 and signed on behalf of the board by:

Mrs D Feldman
Director

Registered office:
Hallswelle House
1 Hallswelle Road
London
NW11 ODH

Baronguild Limited

Statement of Income and Retained Earnings

Year ended 31 July 2025

| 2025 | 2024
Note | £ | £
Rents receivable | 4 | 305,332 | 331,864

Property outgoings | 53,688 | 41,088
| --------- | ---------
Gross profit | 251,644 | 290,776

Administrative expenses | 60,743 | 62,944
| --------- | ---------
Operating profit | 190,901 | 227,832

Other interest receivable and similar income | 7 | 10 | 10
Interest payable and similar expenses | 8 | 108,220 | 130,676
| --------- | ---------
Profit before taxation | 82,691 | 97,166

Tax on profit | 9 | 20,673 | 24,291
| -------- | --------
Profit for the financial year and total comprehensive income | 62,018 | 72,875
| -------- | --------

All the activities of the company are from continuing operations.

Baronguild Limited

Statement of Financial Position

31 July 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 10 |  | 4,400,000 | 4,400,000

Current assets

Debtors | 11 | 174,907 |  | 173,315
Cash at bank and in hand | 651,416 |  | 765,956
| --------- |  | ---------
| 826,323 |  | 939,271

Creditors: amounts falling due within one year | 12 | 3,413,730 |  | 3,418,205
| ------------ |  | ------------
Net current liabilities |  | 2,587,407 | 2,478,934
|  | ------------ | ------------
Total assets less current liabilities |  | 1,812,593 | 1,921,066

Creditors: amounts falling due after more than one year | 13 |  | 1,178,202 | 1,348,693
|  | ------------ | ------------
Net assets |  | 634,391 | 572,373
|  | ------------ | ------------

Capital and reserves

Called up share capital | 14 |  | 2 | 2
Revaluation reserve | 15 |  | ( 1,489,213) | ( 1,489,213)
Profit and loss account | 15 |  | 2,123,602 | 2,061,584
|  | ------------ | ------------
Shareholders funds |  | 634,391 | 572,373
|  | ------------ | ------------

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The 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 Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Baronguild Limited

Statement of Financial Position (continued)

31 July 2025
These financial statements were approved by the board of directors and authorised for issue on 21 April 2026 , and are signed on behalf of the board by:

Mrs D Feldman
Director

Company registration number: 02229160

Baronguild Limited

Statement of Cash Flows

Year ended 31 July 2025

| 2025 | 2024
| £ | £

Cash flows from operating activities

Profit for the financial year | 62,018 | 72,875

Adjustments for: |  |
Other interest receivable and similar income | ( 10) | ( 10)
Interest payable and similar expenses | 108,220 | 130,676
Tax on profit | 20,673 | 24,291

Changes in: |  |
Trade and other debtors | ( 1,592) | 34,701
Trade and other creditors | 1,644 | ( 55,876)
| --------- | ---------
Cash generated from operations | 190,953 | 206,657

Interest paid | ( 108,220) | ( 130,676)
Interest received | 10 | 10
Tax paid | ( 24,291) | ( 21,879)
| --------- | ---------
Net cash from operating activities | 58,452 | 54,112
| --------- | ---------

Cash flows from financing activities

Proceeds from borrowings | ( 172,992) | ( 170,370)
| --------- | ---------
Net cash used in financing activities | ( 172,992) | ( 170,370)
| --------- | ---------

Net decrease in cash and cash equivalents | ( 114,540) | ( 116,258)
Cash and cash equivalents at beginning of year | 765,956 | 882,214
| --------- | ---------
Cash and cash equivalents at end of year | 651,416 | 765,956
| --------- | ---------

Baronguild Limited

Notes to the Financial Statements

Year ended 31 July 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 ODH.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover of the company consists solely of rental income.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
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 entity after deducting all of its financial liabilities.
4. Rents receivable
Rents receivable arises from:

| 2025 | 2024
| £ | £
Rents receivable | 305,479 | 331,864
| --------- | ---------

The whole of the rents receivable is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
5. Staff costs
The average number of persons employed by the company during the year, including the directors, amounted to:

| 2025 | 2024
| No. | No.
Administrative staff | 7 | 8
Management staff | 2 | 2
| ---- | ----
| 9 | 10
| ---- | ----

The aggregate payroll costs incurred during the year, relating to the above, were:

| 2025 | 2024
| £ | £
Wages and salaries | 46,855 | 52,188
| -------- | --------

6. Directors' remuneration
The directors' aggregate remuneration in respect of qualifying services was:

| 2025 | 2024
| £ | £
Remuneration | 1,945 | 1,945
| ------- | -------

7. Other interest receivable and similar income

| 2025 | 2024
| £ | £
Interest on bank deposits | 10 | 10
| ---- | ----

8. Interest payable and similar expenses

| 2025 | 2024
| £ | £
Interest on banks loans and overdrafts | 108,220 | 130,676
| --------- | ---------

9. Tax on profit
Major components of tax expense

| 2025 | 2024
| £ | £

Current tax:

UK current tax expense | 20,673 | 24,291
| -------- | --------
Tax on profit | 20,673 | 24,291
| -------- | --------

10. Tangible assets

| Land and buildings
| £
Cost |
At 1 August 2024 and 31 July 2025 | 4,400,000
| ------------
Depreciation |
At 1 August 2024 and 31 July 2025 | –
| ------------
Carrying amount |
At 31 July 2025 | 4,400,000
| ------------
At 31 July 2024 | 4,400,000
| ------------

11. Debtors

| 2025 | 2024
| £ | £
Loan debtors | 166,295 | 166,295
Other debtors | 8,612 | 7,020
| --------- | ---------
| 174,907 | 173,315
| --------- | ---------

12. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 170,370 | 172,871
Accruals and deferred income | 71,138 | 69,494
Corporation tax | 20,673 | 24,291
Amounts due to related undertakings | 3,151,549 | 3,151,549
| ------------ | ------------
| 3,413,730 | 3,418,205
| ------------ | ------------

13. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 1,178,202 | 1,348,693
| ------------ | ------------

14. Called up share capital
Authorised share capital

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 100 | 100 | 100 | 100
| ---- | ---- | ---- | ----

Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 2 | 2 | 2 | 2
| ---- | ---- | ---- | ----

15. Reserves
Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. Profit and loss account - This reserve records retained earnings and accumulated losses.
16. Analysis of changes in net debt

| At 1 Aug 2024 | Cash flows | At 31 Jul 2025
| £ | £ | £
Cash at bank and in hand | 765,956 | (114,540) | 651,416
Debt due within one year | (172,871) | 2,501 | (170,370)
Debt due after one year | (1,348,693) | 170,491 | (1,178,202)
| ------------ | --------- | ------------
| ( 755,608) | 58,452 | ( 697,156)
| ------------ | --------- | ------------