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Notting Hill Limited
Unaudited Financial Statements
For The Year Ended 30 September 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03746182
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 576 720
Investment Properties 5 2,500,000 1,500,000
2,500,576 1,500,720
CURRENT ASSETS
Debtors 6 335,356 243,839
Cash at bank and in hand 27,328 34,465
362,684 278,304
Creditors: Amounts Falling Due Within One Year 7 (212,975 ) (227,256 )
NET CURRENT ASSETS (LIABILITIES) 149,709 51,048
TOTAL ASSETS LESS CURRENT LIABILITIES 2,650,285 1,551,768
PROVISIONS FOR LIABILITIES
Deferred Taxation (394,834 ) (269,519 )
NET ASSETS 2,255,451 1,282,249
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 1,683,241 808,556
Profit and Loss Account 572,110 473,593
SHAREHOLDERS' FUNDS 2,255,451 1,282,249
Page 1
Page 2
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
S C Kirkham
Director
29/04/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Notting Hill Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03746182 . The registered office is 8 Hermitage Street, London, W2 1BE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents amounts receivable for rent, net of VAT and other sales related taxes.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings 20% reducing balance
2.4. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 October 2024 19,376
As at 30 September 2025 19,376
Depreciation
As at 1 October 2024 18,656
Provided during the period 144
As at 30 September 2025 18,800
Net Book Value
As at 30 September 2025 576
As at 1 October 2024 720
5. Investment Property
2025
£
Fair Value
As at 1 October 2024 1,500,000
Revaluations 1,000,000
As at 30 September 2025 2,500,000
2025 2024
£ £
Cost 421,925 421,925
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 96,101 -
Other debtors 239,255 243,839
335,356 243,839
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,619 -
Other creditors 155,158 208,669
Taxation and social security 56,198 18,587
212,975 227,256
Page 4
Page 5
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 October 2024 808,556 473,593
Profit for the year and total comprehensive income - 98,517
Movements in fair value reserve 874,685 -
As at 30 September 2025 1,683,241 572,110
10. Related Party Transactions
Included in other creditors is an amount of £73,258 (2024:£127,218) due to the director.
At the year end the company was owed the following balances by parties related through common directorship and shareholding:
1. Space Paddington Ltd - £102,144
2. Together Paddington Works Ltd - £552
3. Bournemouth Works Limited - £118,881
4. Porchester Road Limited - £17,378
5. Porchester Works Management Limited - £300
All the balances are repayable on demand and are not subject to any interest.
Page 5