Northgate Basildon (London) Limited


Directors	Mandeep Singh Binning
	Antonis Demetri
	Antonis Theori
	Nicholas Theori


Registered Address	2nd Floor 10-12 Bourlet Close
	London
	W1W 7BR


Place of Business	Olive Tree Centre
	472A Larkshall Road
	Higham's Park
	London
	E4 9HH


Registered Number	10685911 (England and Wales)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Investments	4		100		100
Investment property	3		16,999,999		16,999,999
			17,000,099		17,000,099
Current assets
Debtors	5,6	1,589,369		1,454,402
Cash at bank and on hand		311,842		201,491
		1,901,211		1,655,893
Creditors amounts falling due within one year	7	(1,932,464)		(2,933,289)
Net current assets (liabilities)			(31,253)		(1,277,396)
Total assets less current liabilities			16,968,846		15,722,703
Creditors amounts falling due after one year	8		(9,886,815)		(9,964,645)
Provisions for liabilities	9		(1,715,380)		(1,715,380)
Net assets			5,366,651		4,042,678
Capital and reserves
Called up share capital			100		100
Profit and loss account			5,366,551		4,042,578
Shareholders' funds			5,366,651		4,042,678

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 27 April 2026, and are signed on its behalf by:

Antonis Theori
Director
Registered Company No. 10685911

Northgate Basildon (London) Limited

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover represents the net value of the rent received as per rental agreements.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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. Current and deferred tax assets and liabilities are not discounted.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Investment property
	Investment Properties are stated at fair market valuations. Surplus or deficit arising on there valuation are transferred to the profit and loss account.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Investment property
	The valuation of properties has been carried out by the directors of the company and reflects the fair market value at the balance sheet date. The historical cost of the investment property is £10,138,479.


		£
	Fair value at 01 April 25	16,999,999
	At 31 March 26	16,999,999

4.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 25	100	100
At 31 March 26	100	100
Net book value
At 31 March 26	100	100
At 31 March 25	100	100

	Notes
	¹Investments in group undertakings and participating interests

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	113,711	82,092
Other debtors	1,414,589	1,281,739
Prepayments and accrued income	26,011	30,766
Total	1,554,311	1,394,597

6.	Debtors: amounts due after one year

	2026	2025
	£	£
Other debtors	35,058	59,805
Total	35,058	59,805


	The portion of debtors, including arrangement fees, that is expected to be settled or amortised beyond 12 months is classified as debtors amount due after one year.

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	4,807	26,193
Bank borrowings and overdrafts	38,977	37,157
Taxation and social security	20,510	-
Other creditors	1,864,269	2,866,040
Accrued liabilities and deferred income	3,901	3,899
Total	1,932,464	2,933,289


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	9,886,815	9,964,645
Total	9,886,815	9,964,645


	The bank and bridging loans are secured against the properties and personal guaranties are given by the directors.

9.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	1,715,380	1,715,380
Total	1,715,380	1,715,380