REGISTERED NUMBER: 02753094 (England)

Financial Statements

For The Year Ended 31 December 2025

for

QUEEN'S CLUB GARDENS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N E Brewer

J J Chidson (Chairman)

M F A Derome

P E Fowler

J Inderbitzin-Stone

C J Matthews

P R J S Mumford

G R Williams

SECRETARY:

J J Chidson

REGISTERED OFFICE:

5 Zenobia Mansions

Queen's Club Gardens

London

W14 9TD

REGISTERED NUMBER:

02753094 (England)

AUDITORS:

LBCo Ltd

T/A Lees-Buckley & Co

16 Northfields Prospect

Putney Bridge Road

London

SW18 1PE

FIXED ASSETS

Tangible assets

4

1,108,992

1,108,992

CURRENT ASSETS

Debtors

5

2,165,899

1,296,281

Cash in hand

1,682,607

1,608,983

3,848,506

2,905,264

CREDITORS

Amounts falling due within one year

6

608,633

787,934

NET CURRENT ASSETS

3,239,873

2,117,330

TOTAL ASSETS LESS CURRENT LIABILITIES

4,348,865

3,226,322

PROVISIONS FOR LIABILITIES

7

1,550,980

504,021

NET ASSETS

2,797,885

2,722,301

RESERVES

Capital reserves

8

142,825

142,825

Income and expenditure account

8

2,655,060

2,579,476

2,797,885

2,722,301

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2026 and were signed on its behalf by:

J J Chidson (Chairman) - Director

1.	STATUTORY INFORMATION

Queen's Club Gardens Limited is a private company, limited by guarantee , registered in England. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Service Charge Balances

The company is trustee for the service charge of its freehold property and related expenditure is commissioned in its own (company) name. Accordingly, and whilst service charge income and expenditure have been excluded from the Profit and Loss Account, related assets and liabilities are recorded in the Balance Sheet with movement therein shown in notes to the financial statements.

Investment Property (note 6)

In the opinion of the directors, whilst fair value at 31st December 2025 was substantially in excess of cost, the expense of carrying out a valuation would have been out of proportion to any possible value to members.

Turnover

Turnover represents rents and fees receivable for the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 January 2025

and 31 December 2025

1,108,992

NET BOOK VALUE

At 31 December 2025

1,108,992

At 31 December 2024

1,108,992

.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

Service

Charge

Other

Total

Total

£

£

£

£

Funds Held By Managing Agents

1,816,836

11,743

1,828,579

955,919

Lessee Account Balances

69,384

19,458

88,842

127,094

Other Debtors & Prepayments

219,807

28,671

248,478

213,268

2,106,027

59,872

2,165,899

1,296,281

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

Service

Charge

Other

Total

Total

£

£

£

£

Corporation Tax

0

10,368

10,368

23,756

Other Taxes

511

0

511

6,461

Lessee Account Balances

445,919

0

445,919

512,981

Other Creditors & Accruals

108,617

43,218

151,835

244,736

555,047

53,586

608,633

787,934

7.	PROVISIONS FOR LIABILITIES

Service charge reserves

31.12.25

31.12.24

Garages

General

Total

Total

£

£

£

£

Reserves at 1st January

14,660

489,361

504,021

11,242

Transfer from service charge funds (Note 12)

2,146

1,044,813

1,046,959

492,779

Reserves at 31st December

16,806

1,534,174

1,550,980

504,021

8.

RESERVES

31.12.25

31.12.24

Capital Reserves

Income and Expenditure Account

Total

Total

£

£

£

£

Balance brought forward

142,825

2,579,476

2,722,301

2,604,152

Contribution received from new member during the year

0

0

0

2,000

Profit for the year

0

75,584

75,584

116,149

Capital Reserves and Profit & Loss Account, carried forward

142,825

2,655,060

2,797,885

2,722,301

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lewis Gary Lees-Buckley F.C.A. (Senior Statutory Auditor)

for and on behalf of LBCo Ltd

10.	LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital, 546 members having guaranteed £1 each.

11.	LESSEE SERVICE CHARGE FUNDS

During the year the company received contributions from the lessees of Queen's Club Gardens, London W14 in respect of the management of the property. The movement of those funds during the year was as follows;

31.12.25

31.12.24

Contributions receivable from lessees

£

£

£

Advance service charge demands

2,371,248

2,324,073

Service charge expenditure

1,341,449

1,363,365

Transfer to reserves

1,046,959

492,779

2,388,408

1,856,144

Interest received, less provision for taxation

(17,160

)

(16,626

)

2,371,248

1,839,518

0

484,555

Due from lessees at 31st December 2023

0

(484,555

)

Due from lessees at 31st December 2024

0

0