IRIS Accounts Production v26.1.10.61 02755995 Board of Directors 25.12.24 24.12.25 24.12.25 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02755995 2024-12-24 02755995 2025-12-24 02755995 2024-12-25 2025-12-24 02755995 2023-12-24 02755995 2023-12-25 2024-12-24 02755995 2024-12-24 02755995 ns15:EnglandWales 2024-12-25 2025-12-24 02755995 ns14:PoundSterling 2024-12-25 2025-12-24 02755995 ns10:Director1 2024-12-25 2025-12-24 02755995 ns10:PrivateLimitedCompanyLtd 2024-12-25 2025-12-24 02755995 ns10:SmallEntities 2024-12-25 2025-12-24 02755995 ns10:AuditExempt-NoAccountantsReport 2024-12-25 2025-12-24 02755995 ns10:SmallCompaniesRegimeForDirectorsReport 2024-12-25 2025-12-24 02755995 ns10:SmallCompaniesRegimeForAccounts 2024-12-25 2025-12-24 02755995 ns10:FullAccounts 2024-12-25 2025-12-24 02755995 ns10:OrdinaryShareClass1 2024-12-25 2025-12-24 02755995 ns10:Director2 2024-12-25 2025-12-24 02755995 ns10:Director3 2024-12-25 2025-12-24 02755995 ns10:Director4 2024-12-25 2025-12-24 02755995 ns10:Director5 2024-12-25 2025-12-24 02755995 ns10:CompanySecretary1 2024-12-25 2025-12-24 02755995 ns10:RegisteredOffice 2024-12-25 2025-12-24 02755995 ns5:CurrentFinancialInstruments 2025-12-24 02755995 ns5:CurrentFinancialInstruments 2024-12-24 02755995 ns5:Non-currentFinancialInstruments 2025-12-24 02755995 ns5:Non-currentFinancialInstruments 2024-12-24 02755995 ns5:ShareCapital 2025-12-24 02755995 ns5:ShareCapital 2024-12-24 02755995 ns5:RevaluationReserve 2025-12-24 02755995 ns5:RevaluationReserve 2024-12-24 02755995 ns5:CapitalRedemptionReserve 2025-12-24 02755995 ns5:CapitalRedemptionReserve 2024-12-24 02755995 ns5:RetainedEarningsAccumulatedLosses 2025-12-24 02755995 ns5:RetainedEarningsAccumulatedLosses 2024-12-24 02755995 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-24 02755995 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-24 02755995 ns5:DeferredTaxation 2024-12-24 02755995 ns5:DeferredTaxation 2025-12-24 02755995 ns10:OrdinaryShareClass1 2025-12-24 02755995 ns5:RetainedEarningsAccumulatedLosses 2024-12-24 02755995 ns5:RevaluationReserve 2024-12-24 02755995 ns5:CapitalRedemptionReserve 2024-12-24 02755995 ns5:RetainedEarningsAccumulatedLosses 2024-12-25 2025-12-24

REGISTERED NUMBER: 02755995 (England and Wales)

Unaudited Financial Statements

For The Year Ended 24 December 2025

for

15 HAY HILL MANAGEMENT LIMITED

15 HAY HILL MANAGEMENT LIMITED (REGISTERED NUMBER: 02755995)

Contents of the Financial Statements

For The Year Ended 24 December 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

15 HAY HILL MANAGEMENT LIMITED

Company Information

For The Year Ended 24 December 2025

| DIRECTORS: | D W Colson

| D F Macpherson

| N Lamba

| J C Perry

| A C H Crisford

| SECRETARY: | LBCO Secretaries Limited

| REGISTERED OFFICE: | C/O Lees-Buckley & Co

| 16 Northfields Prospect Business Centre

| Northfields

| Putney Bridge Road

| London

| SW18 1PE

| REGISTERED NUMBER: | 02755995 (England and Wales)

| ACCOUNTANTS: | LBCo Ltd

| T/A Lees-Buckley & Co

| 16 Northfields Prospect

| Putney Bridge Road

| London

| SW18 1PE

15 HAY HILL MANAGEMENT LIMITED (REGISTERED NUMBER: 02755995)

Balance Sheet

24 December 2025

| 24.12.25 | 24.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 1,870,000 |  | 1,870,000 |  |

CURRENT ASSETS

Debtors | 5 | 1,135,584 |  | 1,018,198 |  |

Cash in hand | 227,229 |  | 224,624 |  |

1,362,813 |  | 1,242,822 |  |

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 6 | 987,630 |  | 860,631 |  |

NET CURRENT ASSETS | 375,183 |  | 382,191 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,245,183 |  | 2,252,191 |  |

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | 7 | (80,447 | ) | (82,576 | ) |

PROVISIONS FOR LIABILITIES | 8 | (404,335 | ) | (404,335 | ) |

NET ASSETS | 1,760,401 |  | 1,765,280 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 1,118,850 |  | 1,118,850 |  |

Non distributable reserve | 10 | 223,403 |  | 223,403 |  |

Capital redemption reserve | 10 | 60,000 |  | 60,000 |  |

Retained earnings | 10 | 358,148 |  | 363,027 |  |

SHAREHOLDERS' FUNDS | 1,760,401 |  | 1,765,280 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

15 HAY HILL MANAGEMENT LIMITED (REGISTERED NUMBER: 02755995)

Balance Sheet - continued

24 December 2025

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2026 and were signed on its behalf by:

D F Macpherson - Director

15 HAY HILL MANAGEMENT LIMITED (REGISTERED NUMBER: 02755995)

Notes to the Financial Statements

For The Year Ended 24 December 2025

1. | STATUTORY INFORMATION

| 15 Hay Hill Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Service Charge Balances

| The company is trustee for the service charge of its leasehold property and related expenditure is commissioned in its own (company) name. Accordingly, and whilst service charge income and expenditure have been excluded from the Profit and Loss Account, related assets and liabilities are recorded in the Balance Sheet with movement therein shown in notes to the financial statements.

| Turnover

| Turnover represents rental income and licence fees received for the year.

| Property valuation

| The leasehold investment property is measured at fair value at the reporting date.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

15 HAY HILL MANAGEMENT LIMITED (REGISTERED NUMBER: 02755995)

Notes to the Financial Statements - continued

For The Year Ended 24 December 2025

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 25 December 2024

| and 24 December 2025 | 1,870,000 |  |

| NET BOOK VALUE

| At 24 December 2025 | 1,870,000 |  |

| At 24 December 2024 | 1,870,000 |  |

| The company owns the headlease of Berkeley House, 15 Hay Hill, London W1, and a direct lease on flat 75.

| In the opinion of the directors the market value of the investment property as at 24th December 2025 was £1,870,000 (2024 £1,870,000). On a historical basis the investment property would have been included at an original cost of £197,591(2024 £197,591).

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 24.12.25 |  | 24.12.24

£ | £ |

| Lessee Arrears | 127,712 |  | 212,374 |  |

| Funds Held By Managing Agents | 871,781 |  | 723,489 |  |

| Tax | 1,164 |  | - |  |

| Prepayments | 52,562 |  | 47,706 |  |

| Other Debtors | 39,407 |  | 4,407 |  |

| Excess Service Charge Due

| (Note 11) | 42,958 |  | 30,222 |  |

1,135,584 |  | 1,018,198 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 24.12.25 |  | 24.12.24

£ | £ |

| Trade creditors | 6,112 |  | 6,589 |  |

| Corporation tax | - |  | 9,809 |  |

| Income tax | 2,460 |  | 722 |  |

| Lessee Account Balances | 27,139 |  | 10 |  |

| Other creditors | 236 |  | 187 |  |

| Advance Service Charge Demands | 108,452 |  | 101,308 |  |

| Service Charge Reserve Fund

| (Note 12) | 679,720 |  | 579,720 |  |

| Security Deposit | 145,000 |  | 145,000 |  |

| Accrued expenses | 18,511 |  | 17,286 |  |

987,630 |  | 860,631 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 24.12.25 |  | 24.12.24

£ | £ |

| Deferred Ground Rent Income | 80,447 |  | 82,576 |  |

15 HAY HILL MANAGEMENT LIMITED (REGISTERED NUMBER: 02755995)

Notes to the Financial Statements - continued

For The Year Ended 24 December 2025

8. | PROVISIONS FOR LIABILITIES

| 24.12.25 |  | 24.12.24

£ | £ |

| Deferred tax | 404,335 |  | 404,335 |  |

| Deferred |

| tax |

£ |

| Balance at 25 December 2024 | 404,335 |  |

| Balance at 24 December 2025 | 404,335 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 24.12.25 |  | 24.12.24

| value: | £ | £ |

| 1,118,850 | Ordinary | £1 | 1,118,850 |  | 1,118,850 |  |

10. | RESERVES

| Non |  | Capital |

| Retained |  | distributable |  | redemption |

| earnings |  | reserve |  | reserve |  | Totals

£ | £ | £ | £ |

| At 25 December 2024 | 363,027 |  | 223,403 |  | 60,000 |  | 646,430 |  |

| Deficit for the year | (4,879 | ) | (4,879 | ) |

| At 24 December 2025 | 358,148 |  | 223,403 |  | 60,000 |  | 641,551 |  |

15 HAY HILL MANAGEMENT LIMITED (REGISTERED NUMBER: 02755995)

Notes to the Financial Statements - continued

For The Year Ended 24 December 2025

11. | LESSEE SERVICE CHARGE FUND

| During the year the company received contributions from its lessees in respect of the management of the property. The movement of those funds during the year was as follows;

|  | 24.12.25 |  | 24.12.24 |  |

|  | £ |  | £ |  | £ |  |

| Contributions Receivable From Lessees: |  |

| Service Charge Demands |  |  | 426,014 |  | 402,935 |  |

| Service Charge Excess Charged |  |  | 30,222 |  | 15,077 |  |

|  | 456,236 |  | 418,012 |  |

| Service Charge Expenditure |  |  | 368,972 |  | 341,432 |  |

| Transfer To Reserve |  | 100,000 |  |  | 91,725 |  |

|  | 468,972 |  | 433,157 |  |

|  | (12,736 | ) | (15,145 | ) |

| Funds Due From Lessees 25th December 2024 |  | (30,222 | ) | (15,077 | ) |

| Funds Due From Lessees 24th December 2025 |  | (42,958 | ) | (30,222 | ) |

12. | SERVICE CHARGE RESERVE FUND

|  | 24.12.25 |  |  | 24.12.24 |  |

|  | £ |  |  | £ |  |

| Balance at 25.12.24 |  | 579,720 |  |  | 87,995 |  |

| Transfer from service charge fund during the year (Note 11) |  | 100,000 |  |  | 91,725 |  |

| Balance at 24.12.25 |  | 679,720 |  |  | 579,720 |  |