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Registered number: 11039083
Finchley Prime Estates Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
Quest Accounting Services Limited
Suite 106, The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1BP
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Finchley Prime Estates Ltd for the year ended year which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the director of Finchley Prime Estates Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Finchley Prime Estates Ltd and state those matters that we have agreed to state to the director of Finchley Prime Estates Ltd in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that Finchley Prime Estates Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Finchley Prime Estates Ltd . You consider that Finchley Prime Estates Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Finchley Prime Estates Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Quest Accounting Services
29th April 2026
Quest Accounting Services Limited
Suite 106, The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1BP
Page 1
Page 2
Balance Sheet
Registered number: 11039083
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 191,488 191,488
191,488 191,488
CURRENT ASSETS
Debtors 5 947 413
Cash at bank and in hand 445 932
1,392 1,345
Creditors: Amounts Falling Due Within One Year 6 (12,985 ) (12,985 )
NET CURRENT ASSETS (LIABILITIES) (11,593 ) (11,640 )
TOTAL ASSETS LESS CURRENT LIABILITIES 179,895 179,848
Creditors: Amounts Falling Due After More Than One Year 7 (195,093 ) (188,643 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,250 ) (9,250 )
NET LIABILITIES (24,448 ) (18,045 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 10 27,750 27,750
Other reserves 1,520 1,520
Profit and Loss Account (53,818 ) (47,415 )
SHAREHOLDERS' FUNDS (24,448) (18,045)
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Page 3
For the year ending 31 October 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 her 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
Mrs Caroline Head
Director
29th April 2026
The notes on pages 4 to 5 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Finchley Prime Estates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11039083 . The registered office is 5 Baronsmere Road, London, N2 9QD.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 2)
1 2
4. Tangible Assets
Investment Properties
£
Cost
As at 1 November 2024 191,488
As at 31 October 2025 191,488
Net Book Value
As at 31 October 2025 191,488
As at 1 November 2024 191,488
The investment property revaluation has been assessed by the company director, based on current market prices.
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Page 5
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 947 413
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Director's loan account 12,985 12,985
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 195,093 188,643
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 1 November 2024 Amounts advanced Amounts repaid Amounts written off As at 31 October 2025
£ £ £ £ £
Mrs Caroline Head 12,985 - - - 12,985
At the balance sheet date, the company owed £12,985 to its directors. This loan is unsecured, interest free and repayable on demand.
10. Reserves
Revaluation reserve Other reserves Profit and Loss Account
£ £ £
As at 1 November 2024 27,750 1,520 (47,415 )
Loss for the year and total comprehensive income - - (6,403 )
Movements in other reserves - - -
Transfer to/from Profit & Loss Account - - -
As at 31 October 2025 27,750 1,520 (53,818 )
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