REGISTERED NUMBER: 07512999 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 SEPTEMBER 2025

FOR

IVOR COURT FREEHOLD LIMITED

Page

Company Information

1

Report of the Directors

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

N E Barclay

S Goldring

SECRETARY:

Michael Laurie Magar Limited

REGISTERED OFFICE:

c/o Michael Laurie Magar Limited

1 The Beacons

Hatfield

Hertfordshire

AL10 8RS

REGISTERED NUMBER:

07512999 (England and Wales)

ACCOUNTANTS:

Websters

12 Melcombe Place

London

NW1 6JJ

The directors present their report with the financial statements of the company for the year ended 28 September 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 29 September 2024 to the date of this report.

N E Barclay

S Goldring

QUALIFYING THIRD PARTY INDEMNITY PROVISIONS

The company's Articles of Association provide, subject to the provisions of UK legislation, an indemnity for directors and officers of the company in respect of liabilities they may incur in defending certain proceedings against them.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

S Goldring - Director

24 June 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ivor Court Freehold Limited for the year ended 28 September 2025 which comprise the Income Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ivor Court Freehold Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ivor Court Freehold Limited and state those matters that we have agreed to state to the Board of Directors of Ivor Court Freehold Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ivor Court Freehold Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ivor Court Freehold Limited 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 Ivor Court Freehold Limited. You consider that Ivor Court Freehold Limited 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 Ivor Court Freehold Limited. 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.

Websters

12 Melcombe Place

London

NW1 6JJ

24 June 2026

TURNOVER

50,006

52,022

Administrative expenses

(30,414

)

(27,932

)

OPERATING PROFIT

4

19,592

24,090

Profit/loss on disposal of fixed assets

5

5,943

3,182

25,535

27,272

Interest receivable and similar income

12,109

2,462

PROFIT BEFORE TAXATION

37,644

29,734

Tax on profit

6

(6,745

)

(5,463

)

PROFIT FOR THE FINANCIAL YEAR

30,899

24,271

FIXED ASSETS

Tangible assets

7

488,999

491,007

CURRENT ASSETS

Debtors

8

319,884

285,085

CREDITORS

Amounts falling due within one year

9

(24,386

)

(22,494

)

NET CURRENT ASSETS

295,498

262,591

TOTAL ASSETS LESS CURRENT LIABILITIES

784,497

753,598

CREDITORS

Amounts falling due after more than one year

10

(57,678

)

(57,678

)

NET ASSETS

726,819

695,920

CAPITAL AND RESERVES

Called up share capital

463,552

463,552

Retained earnings

263,267

232,368

SHAREHOLDERS' FUNDS

726,819

695,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 September 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2026 and were signed on its behalf by:

S Goldring - Director

1.	STATUTORY INFORMATION

Ivor Court Freehold 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.

These financial statements report the transactions of Ivor Court Freehold Limited only and the presentation currency of the financial statements is the Pound Sterling (£).

The Company's principal place of business is C/O Michael Laurie Magar Limited, 1 The Beacons, Hatfield, Hertfordshire, United Kingdom AL10 8RS.

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.

Turnover

Turnover comprises revenue recognised by the company in respect of rents receivable from the tenants of Ivor Court, Gloucester Place, London NW1.

Service charge funds

The company receives contributions towards property outgoings from the lessees to the service charge fund. However, as set out in Section 42 of The Landlord & Tenant Act 1987, the company holds these funds in trust for the lessees and therefore it is the opinion of the directors that these contributions along with the assets and liabilities of the service charge fund should not be reflected in the accounts.

Depreciation

No depreciation has been provided on the reversionary freehold interest as the directors are of the view that's its value will not diminish. The directors consider that this accounting policy, which is a departure from the requirements of the Companies Act concerning depreciation of fixed assets, is therefore necessary to provide a true and fair view.

3.	EMPLOYEES AND DIRECTORS

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

4.	OPERATING PROFIT

The directors received no remuneration in respect of their services to the company for the year (2024: £Nil).This is regarded as common practice for an entity set up for the purposes set out in Note 2.

5.	EXCEPTIONAL ITEMS

28.9.25

28.9.24

£

£

Profit/loss on disposal of fixed assets

5,943

3,182

6.

TAXATION

The rents receivable by the company are chargeable to UK corporation tax.

For tax purposes, service charge funds are deemed to be held by the company in trust for the tenants and hence any taxable income is subject to income tax at the rate applicable to trusts and falls outside the scope of corporation tax.

7.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 29 September 2024

491,007

Disposals (see Note 5)

(2,008

)

At 28 September 2025

488,999

NET BOOK VALUE

At 28 September 2025

488,999

At 28 September 2024

491,007

The company owns the freehold interest in Ivor Court. In the directors’ opinion the property does not qualify as an Investment Property as defined by the provisions of Section 16 of FRS102 as the property is held for administrative purposes and the ground rental income has not been negotiated at arm's length. Therefore the property is held on the balance sheet at cost.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.9.25

28.9.24

£

£

Other debtors and prepayments

692

1,092

Funds held by managing agent

in 3rd party client accounts

319,192

283,993

319,884

285,085

The following balances as at 28 September 2025 are recognised in other debtors:

- Monies held in a designated client account managed by Michael Laurie Magar Limited. The balance of company funds held was £319,192 (2024: £283,993).

During the year, service charge monies in respect of Ivor Court were held in trust in designated client accounts managed by Michael Laurie Magar Limited. Such balances are not recognised on the company's balance sheet, in accordance with the Institute of Chartered Accountants in England and Wales ("ICAEW") Technical Release "Tech 03/11". The amount of these service charge monies as at 28 September 2025 and held in trust was £1,075,264 (2024: £828,404).

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.9.25

28.9.24

£

£

Taxation and social security

6,586

13,644

Other creditors and accruals

17,800

8,850

24,386

22,494

A balance of £10,600 (2024: £2,310) due to Ivor Court service charge trust is included in other creditors.

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.9.25

28.9.24

£

£

Participator Loans

57,678

57,678

The above loans are interest free and were made by the shareholders of the company with no repayment terms. The loans are repayable at the sole discretion of the company.

11.	CONTROLLING PARTY

The company is controlled by a voting majority of its shareholders and accordingly there is no controlling party.