COMPANY REGISTRATION NUMBER:
07728928
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
31 March 2025
CURRENT ASSETS
|
Debtors |
4 |
2,924,524 |
|
2,924,524 |
|
Cash at bank and in hand |
– |
|
92 |
|
------------- |
|
------------- |
|
2,924,524 |
|
2,924,616 |
|
|
|
|
|
|
CREDITORS: amounts falling due within one year |
5 |
(
2,945,886) |
|
(
2,945,879) |
|
------------- |
|
------------- |
|
NET CURRENT LIABILITIES |
|
(
21,362) |
(
21,263) |
|
|
--------- |
--------- |
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
(
21,362) |
(
21,263) |
|
|
--------- |
--------- |
|
NET LIABILITIES |
|
(
21,362) |
(
21,263) |
|
|
--------- |
--------- |
|
|
|
|
|
CAPITAL AND RESERVES
|
Called up share capital |
|
1 |
1 |
|
Profit and loss account |
|
(
21,363) |
(
21,264) |
|
|
--------- |
--------- |
|
SHAREHOLDERS DEFICIT |
|
(
21,362) |
(
21,263) |
|
|
--------- |
--------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
15 June 2026
, and are signed on behalf of the board by:
|
Mr J Oestreicher |
|
|
Director |
|
|
|
Company registration number:
07728928
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 MARCH 2025
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU, United Kingdom.
2.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
Judgements & Estimations The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Judgements made by the directors in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are as follows: (i) Property valuation The valuation of the company's investment property is inherently subjective, depending on many factors including the nature of the property, its location and expected future net rental values, market yields and comparable market transactions. Therefore, the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions. (ii) Trade and other debtors Management uses details of the age of trade and other debtors and the status of any disputes together with external evidence of the credit status of the counterparty in making judgements concerning any need to impair the carrying value.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
DEBTORS
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
2,924,524 |
2,924,524 |
|
------------- |
------------- |
|
|
|
5.
CREDITORS:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans and overdrafts |
7 |
– |
|
Amounts owed to group undertakings |
2,476,411 |
2,476,411 |
|
Other creditors |
469,468 |
469,468 |
|
------------- |
------------- |
|
2,945,886 |
2,945,879 |
|
------------- |
------------- |
|
|
|
6.
RELATED PARTY TRANSACTIONS
Included in debtors is £2,924,524 due from companies with common directors. Included in creditors is £2,476,411 due to the parent company, City Properties Limited and £349,168 due to companies with common directors.
7.
PARENT COMPANY AND CONTROLLING PARTY
The ultimate parent company is City Properties Limited, a company registered in England and Wales.