Company registration number 11632223 (England and Wales)
CLERKENWELL ESTATES (HEADLEY) LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
CLERKENWELL ESTATES (HEADLEY) LIMITED
COMPANY INFORMATION
Directors
O R A Hutchinson
J P Ledwidge
Company number
11632223
Registered office
23-25 Great Sutton Street
London
England
EC1V 0DN
Accountants
Begbies
9 Bonhill Street
London
EC2A 4DJ
Business address
23-25 Great Sutton Street
London
England
EC1V 0DN
CLERKENWELL ESTATES (HEADLEY) LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Statement of changes in equity
5
Notes to the financial statements
6 - 8
CLERKENWELL ESTATES (HEADLEY) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 1 -

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

Principal activities

The principal activity of the company is joint venture property development.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

O R A Hutchinson
J P Ledwidge
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
J P Ledwidge
Director
7 July 2026
CLERKENWELL ESTATES (HEADLEY) LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CLERKENWELL ESTATES (HEADLEY) LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clerkenwell Estates (Headley) Limited for the year ended 30 September 2025 which comprise the profit and loss account, the balance sheet, the statement of changes in equity and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Clerkenwell Estates (Headley) Limited, as a body, in accordance with the terms of our engagem ent. Our work has been undertaken solely to prepare for your approval the financial statements of Clerkenwell Estates (Headley) Limited and state those matters that we have agreed to state to the Board of Directors of Clerkenwell Estates (Headley) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clerkenwell Estates (Headley) Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Clerkenwell Estates (Headley) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clerkenwell Estates (Headley) Limited. You consider that Clerkenwell Estates (Headley) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clerkenwell Estates (Headley) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Begbies
Chartered Accountants
9 Bonhill Street
London
EC2A 4DJ
7 July 2026
CLERKENWELL ESTATES (HEADLEY) LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
2025
2024
£
£
Turnover
-
169,250
Cost of sales
-
0
(10,308)
Gross profit
-
158,942
Administrative expenses
(2,573)
(4,267)
Amounts written off investments
176,213
-
Profit before taxation
173,640
154,675
Tax on profit
-
0
-
0
Profit for the financial year
173,640
154,675

The profit and loss account has been prepared on the basis that all operations are continuing operations.

CLERKENWELL ESTATES (HEADLEY) LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2025
30 September 2025
- 4 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
-
0
378
Cash at bank and in hand
210
4,404
210
4,782
Creditors: amounts falling due within one year
5
(2,704)
(180,916)
Net current liabilities
(2,494)
(176,134)
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
(2,495)
(176,135)
Total equity
(2,494)
(176,134)

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 7 July 2026 and are signed on its behalf by:
J P Ledwidge
Director
Company registration number 11632223 (England and Wales)
CLERKENWELL ESTATES (HEADLEY) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 October 2023
1
(330,810)
(330,809)
Year ended 30 September 2024:
Profit and total comprehensive income
-
154,675
154,675
Balance at 30 September 2024
1
(176,135)
(176,134)
Year ended 30 September 2025:
Profit and total comprehensive income
-
173,640
173,640
Balance at 30 September 2025
1
(2,495)
(2,494)
CLERKENWELL ESTATES (HEADLEY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
1
Accounting policies
Company information

Clerkenwell Estates (Headley) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 23-25 Great Sutton Street, London, England, EC1V 0DN.

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 £.

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 financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover from the sale of properties is recognised when the significant risks and rewards of ownership have transferred to the buyer. This is usually at the point that the purchaser has signed the contract.

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.

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. It only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables 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 less any impairment.

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or the risks and rewards of ownership are transferred.

Basic financial Liabilities

Basic financial liabilities, including trade and other payables are initially recognised at transaction price.

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

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

CLERKENWELL ESTATES (HEADLEY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 7 -
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
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2025
2024
Number
Number
Total
-
0
-
0

Other than the directors, there were no other employees.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
378
CLERKENWELL ESTATES (HEADLEY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 8 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
304
-
0
Amounts owed to group undertakings
-
0
177,416
Other creditors
2,400
3,500
2,704
180,916
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
7
Going concern

The liabilities of the company are in excess of its assets. The parent company which is the main creditor of the company has agreed to continue its support for the foreseeable future. Consequently, these financial statements have been prepared on a going concern basis.

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