REGISTERED NUMBER: 01975373 (England and Wales)

Financial Statements

for the Year Ended 31st December 2025

for

ST. GEORGE'S FIELDS (NO. 2) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Ann Jackson

Gareth Targett

Natasha Tsangarides

James Stillit

David Jenkin

Michael Roskell

Orla Jackson

SECRETARY:

Gareth Targett

REGISTERED OFFICE:

The Estate Office

1 St. George's Fields

Albion Street

London

W2 2YE

REGISTERED NUMBER:

01975373 (England and Wales)

AUDITORS:

TC Group

Statutory Auditor

3rd Floor, Suffolk House

George Street

Croydon

CR0 0YN

FIXED ASSETS

Tangible assets

4

870

1,088

CURRENT ASSETS

Debtors

5

12,188

494

Cash at bank

113,404

121,401

125,592

121,895

CREDITORS

Amounts falling due within one year

6

89,008

88,314

NET CURRENT ASSETS

36,584

33,581

TOTAL ASSETS LESS CURRENT LIABILITIES

37,454

34,669

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

37,354

34,569

SHAREHOLDERS' FUNDS

37,454

34,669

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th May 2026 and were signed on its behalf by:

Michael Roskell - Director

1.	STATUTORY INFORMATION

St. George's Fields (No. 2) 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.

The company's main source of income is commission for letting flats on the estate known as St George's Fields. Sales commissions are also generated when the company sells a flat. Whilst the commission from flat sales is susceptible to a downturn in the property market, lettings commissions have remained stable and this is expected to be the case for the foreseeable future. The directors monitor cash flow and only pay dividends when surplus funds are available. As a result, the going concern basis of accounting has been adopted.

The financial statements have been prepared in sterling, the functional currency of the company, and monetary amounts in these financial statements have been rounded to the nearest £.

Turnover

Turnover represents net invoiced sales of services, excluding VAT. Income from the sale of flats is included when the sales become unconditional and rental commissions are recognised when the rent becomes payable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office premises

-

5% on cost

Office equipment

-

20% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Clients' account

As the funds held in the company's clients' accounts do not belong to the company they are not included on the balance sheet, neither as monies held nor balances due to clients.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Office

Office

premises

equipment

Totals

£

£

£

COST

At 1st January 2025

and 31st December 2025

30,557

13,841

44,398

DEPRECIATION

At 1st January 2025

30,557

12,753

43,310

Charge for year

-

218

218

At 31st December 2025

30,557

12,971

43,528

NET BOOK VALUE

At 31st December 2025

-

870

870

At 31st December 2024

-

1,088

1,088

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

7,575

-

Prepayments

4,613

494

12,188

494

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed to group undertakings

44,272

39,272

Tax

5,495

2,633

Social security and other taxes

5,323

5,063

VAT

10,457

9,420

Other creditors

11,504

10,896

Sundry creditors and accruals

11,957

21,030

89,008

88,314

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

8.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

9.	CLIENTS' ACCOUNT

As referred to in note 1, the balances held on behalf of clients have not been included on the balance sheet, neither as a bank balance nor as a liability. At 31st December 2025 clients' funds held totalled £138,218 (2024: £157,117).

St George's Fields (No 2) Limited belongs to the NFOPP Client Money Protection Scheme and as per ARLA requirements,audit tests have been carried out by the auditors TC Group to confirm the balances held and compliance with the client money regulations.