Company registration number 02109111 (England and Wales)
CHILTERN COURT (BAKER STREET) RESIDENTS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
CHILTERN COURT (BAKER STREET) RESIDENTS LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
CHILTERN COURT (BAKER STREET) RESIDENTS LIMITED
BALANCE SHEET
AS AT 24 JUNE 2025
24 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
153,652
230,031
Cash at bank and in hand
730,855
1,518,522
884,507
1,748,553
Creditors: amounts falling due within one year
4
(884,431)
(1,748,477)
Net current assets
76
76
Capital and reserves
Called up share capital
6
76
76

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered 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 July 2026 and are signed on its behalf by:
R A Quest
Director
Company Registration No. 02109111
CHILTERN COURT (BAKER STREET) RESIDENTS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 24 JUNE 2025
- 2 -
Share capital
£
Balance at 25 June 2023
76
Year ended 24 June 2024:
Profit and total comprehensive income
-
Balance at 24 June 2024
76
Year ended 24 June 2025:
Profit and total comprehensive income
-
Balance at 24 June 2025
76
CHILTERN COURT (BAKER STREET) RESIDENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 JUNE 2025
- 3 -
1
Accounting policies
Company information

Chiltern Court (Baker Street) Residents Limited is a private company limited by shares incorporated in England and Wales. The registered office is 188 Baker Street, London, NW1 5SD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future, based on their assessment of available cash resources to meet the the cash requirements for at least 12 months for the date of sign off of the financial statements for year ending 24 June 2025. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Cash and cash equivalents include cash balances held in service charge accounts, which are restricted.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

CHILTERN COURT (BAKER STREET) RESIDENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 24 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6

Service charges

The Company is responsible for the management of the common parts of Chiltern Court in accordance with the lease and collects service charges from lessees in order to fund expenditure incurred in the management of the property. These service charges are held by the Company for the lessees as required by Section 42 of the Landlord and Tenant Act 1987. Transactions relating to the management of the property are reported separately to the lessees. These are excluded from the financial statements of the company other than the summary in Note 6 - Building Fund.

Management has exercised judgment in including balance sheet items relating to the Service Charge Accounts, including cash, debtors and creditors, within the Company’s financial statements. This treatment is consistent with the ICAEW Technical Release 03/11 on Service Charge Accounts.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Service charges and ground rents receivable
146,670
215,629
Prepayments and accrued income
6,981
14,403
153,651
230,031
CHILTERN COURT (BAKER STREET) RESIDENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 24 JUNE 2025
- 5 -
4
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
805,969
1,714,733
Accruals and deferred income
78,462
33,744
884,431
1,748,477
5
Building fund
2025
2024
£
£
At 25 June
(1,500,383)
(1,836,073)
Transfer to service charge account
1,016,086
335,690
At 24 June
(484,297)
(1,500,383)
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares
152
152
76
76
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 24 June 2025 and of its results for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Talha Farrukh FCCA, ACA
Statutory Auditor:
Gerald Edelman LLP
Date of audit report:
24 July 2026
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