15 Hay Hill Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02755995 (England and Wales)

Unaudited Financial Statements

For The Year Ended 24 December 2025

for

15 HAY HILL MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Investment property

4

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

Non distributable reserve

10

223,403

Capital redemption reserve

10

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.

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

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).

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

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

8.	PROVISIONS FOR LIABILITIES

24.12.25

24.12.24

£

Deferred tax

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

10.

RESERVES

Non

Capital

Retained

distributable

redemption

earnings

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

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