Registration number: 00771453

Sinclair Gardens Investments (Kensington) Limited

Contents

Company Information	1
Directors' Report	2
Balance Sheet	3
Notes to the Financial Statements	4 to 11

Sinclair Gardens Investments (Kensington) Limited

Company Information

Directors

Mr Gregory Reginald Cutler Mr Garry Robert Clarke

Company secretary

Mrs Karen Wainwright

Registered office

Regis House Regis Business Centre Durban Road Bognor Regis West Sussex PO22 9QT

Auditors

Matthews Hanton Limited Chartered Certified Accountant93 Aldwick Road Bognor Regis West Sussex PO21 2NW

Sinclair Gardens Investments (Kensington) Limited

Directors' Report for the Year Ended 30 November 2025

The directors present their report and the financial statements for the year ended 30 November 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr Gregory Reginald Cutler

Mr Garry Robert Clarke

Principal activity

The principal activity of the company is Investment Company

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Reappointment of auditors

In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of Matthews Hanton Limited as auditors of the company is to be proposed at the forthcoming Annual General Meeting.

Small companies provision statement

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

Approved and authorised by the Board on 8 July 2026 and signed on its behalf by:
 

......................................... Mr Gregory Reginald Cutler Director

Sinclair Gardens Investments (Kensington) Limited

(Registration number: 00771453)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	107,539,108	179,352,776
Investments	6	576	1,020
		107,539,684	179,353,796
Current assets
Debtors	7	3,049,444	3,211,090
Cash at bank and in hand		21,113,835	12,001,779
		24,163,279	15,212,869
Creditors: Amounts falling due within one year	8	(12,127,837)	(10,606,811)
Net current assets		12,035,442	4,606,058
Total assets less current liabilities		119,575,126	183,959,854
Provisions for liabilities		(22,298,075)	(39,844,079)
Net assets		97,277,051	144,115,775
Capital and reserves
Called up share capital	9	99	99
Other reserves		56,328,129	126,609,738
Retained earnings		40,948,823	17,505,938
Shareholders' funds		97,277,051	144,115,775

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account and Directors' Report.

Approved and authorised by the Board on 8 July 2026 and signed on its behalf by:
 

......................................... Mr Gregory Reginald Cutler Director

Sinclair Gardens Investments (Kensington) Limited

Notes to the Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Regis House Regis Business Centre
Durban Road
Bognor Regis
West Sussex
PO22 9QT

The principal place of business is:
Regis House
Regis Business Centre
Durban Road
Bognor Regis
West Sussex
PO22 9QT
England

These financial statements were authorised for issue by the Board on 8 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Sinclair Gardens Investments (Kensington) Limited

Notes to the Financial Statements for the Year Ended 30 November 2025

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 8 July 2026 was Nicola Merridue FCCA, who signed for and on behalf of Matthews Hanton Limited.

.........................................

Revenue recognition

Turnover comprises of the total amount receivable by the company for the rents and services provided as well as interest received. A breakdown is displayed within the notes to the financial statements.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

All taxes provided for transactions debited or credited with other reserves are charged through the Profit and Loss Account.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	40% reducing balance

Sinclair Gardens Investments (Kensington) Limited

Notes to the Financial Statements for the Year Ended 30 November 2025

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from Tenants for the rents and/or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Sinclair Gardens Investments (Kensington) Limited

Notes to the Financial Statements for the Year Ended 30 November 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

Sinclair Gardens Investments (Kensington) Limited

Notes to the Financial Statements for the Year Ended 30 November 2025

4

Turnover

	Note	2025 £	2024 £
Tenant management fees		467,361	363,902
Tenant administration fees		147,631	106,143
Ground rents receivable		2,609,089	2,757,318
Legal services income		129,734	121,907
AST rental income		1,362,276	1,284,723
Guest room rental income		2,175	1,675
Interest received		162,940	202,336
		4,881,206	4,838,004

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 December 2024	179,352,465	18,977	179,371,442
Revaluations	(69,808,137)	-	(69,808,137)
Disposals	(2,005,407)	-	(2,005,407)
At 30 November 2025	107,538,921	18,977	107,557,898
Depreciation
At 1 December 2024	-	18,666	18,666
Charge for the year	-	124	124
At 30 November 2025	-	18,790	18,790
Carrying amount
At 30 November 2025	107,538,921	187	107,539,108
At 30 November 2024	179,352,465	311	179,352,776

Included within the net book value of land and buildings above is £107,538,921 (2024 - £179,352,465) in respect of freehold land and buildings .
 

Sinclair Gardens Investments (Kensington) Limited

Notes to the Financial Statements for the Year Ended 30 November 2025

Revaluation

The fair value of the company's Freehold property was revalued on 30 November 2025 by an independent valuer.
The method of valuation is based on an open market basis and the current purchase conditions. The name and qualification of the independent valuer are Asprey Investments Limited, a company with the same PSC.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £52,237,006 (2024 - £53,768,941).

6	Investments

	2025 £	2024 £
Investments in subsidiaries	400	400
Investments in joint ventures	176	620
	576	1,020