Company No: 14352436 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	30.06.2025		30.06.2024
		£		£
Fixed assets
Tangible assets	3	13,922		9,107
Investment property	4	1,826,000		1,800,000
		1,839,922		1,809,107
Current assets
Debtors	5	9,662		12,062
Cash at bank and in hand		6,857		5,800
		16,519		17,862
Creditors: amounts falling due within one year	6	( 337,877)		( 612,588)
Net current liabilities		(321,358)		(594,726)
Total assets less current liabilities		1,518,564		1,214,381
Creditors: amounts falling due after more than one year	7	( 1,122,557)		( 794,500)
Provision for liabilities	8	( 120,000)		( 120,000)
Net assets		276,007		299,881
Capital and reserves
Called-up share capital	9	100		100
Revaluation reserve		356,766		356,766
Profit and loss account		( 80,859 )		( 56,985 )
Total shareholder's funds		276,007		299,881

For the financial year ending 30 June 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 member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Clarges Mayfair Limited (registered number: 14352436) were approved and authorised for issue by the Director. They were signed on its behalf by:

S M Broad Director

27 July 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Clarges Mayfair Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 5 Fleet Place, First Floor, London, EC4M 7RD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Reporting period length

The reporting period covers the year from 1 July 2024 to 30 June 2025 whereas the prior financial period covered the period from 1 October 2023 to 30 June 2024. Therefore the two periods are not entirely comparable. The decision to shorten the accounting period in the prior year was to bring the year end in line with other group and related companies.

Turnover

Turnover represents rents receivable and is recognised to the extent that it is probable that economic benefits will flow to the company and arises solely in the United Kingdom.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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 creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2. Employees

	Year ended 30.06.2025		Period from 01.10.2023 to 30.06.2024
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	0		0

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 July 2024	10,015		10,015
Additions	11,741		11,741
At 30 June 2025	21,756		21,756
Accumulated depreciation
At 01 July 2024	908		908
Charge for the financial year	6,926		6,926
At 30 June 2025	7,834		7,834
Net book value
At 30 June 2025	13,922		13,922
At 30 June 2024	9,107		9,107

4. Investment property

	Investment property
	£
Valuation
As at 01 July 2024	1,800,000
Additions	26,000
As at 30 June 2025	1,826,000

Valuation

The director valued the property on an open market basis as at 30 June 2024. The director believes that the market value of the property is equivalent to this value plus the subsequent cost of improvements.

5. Debtors

	30.06.2025		30.06.2024
	£		£
Other debtors	9,662		12,062

6. Creditors: amounts falling due within one year

	30.06.2025		30.06.2024
	£		£
Amounts owed to parent undertakings	307,238		588,238
Amounts owed to connected companies	20,850		20,850
Other creditors	9,789		3,500
	337,877		612,588

7. Creditors: amounts falling due after more than one year

	30.06.2025		30.06.2024
	£		£
Bank loans (secured)	1,122,557		794,500

The company's bank loan bore interest during the year at fixed rates of 5.79% and 5.30% per annum. The loan is repayable in full in September 2028 and is secured by a first legal charge over the property, a director’s guarantee, a cash deposit charge, and a deed of subordination of shareholder loans.

8. Provision for liabilities

	30.06.2025		30.06.2024
	£		£
Deferred tax	120,000		120,000

9. Called-up share capital

	30.06.2025		30.06.2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

10. Related party transactions

The company has taken advantage of the exemption available in accordance with Section 33.1A of Financial Reporting Standard 102 whereby it has not disclosed transactions entered into between two or more members of a group, as the company is a wholly owned subsidiary undertaking of the group to which it is party to the transactions.

11. Ultimate controlling party

The parent entity is Astra Asset Holdings Limited, an entity incorporated in England and Wales with registered office of First Floor, 5 Fleet Place, London, EC4M 7RD. The ultimate controlling party is deemed to be director, S M Broad.