For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

Holmefield Court (Hampstead) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, 114a Cromwell Road, Kensington, London, SW7 4AG.

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 amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and investments at fair value]. The principal accounting policies adopted are set out below.

Turnover represents ground rents receivable and licence fees receivable.

The company is the freeholder of Holmefield Court and as such acts as trustee of the statutory trust in respect of service charge monies collected for the maintenance of Holmefield Court. The company holds these funds in trust for the lessees and has no beneficial interest in them. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property and do not form part of the annual accounts of the company and are not filed at Companes House.

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and are subsequently measured at their settlement value.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

The tax expense represents the sum of the corporation tax payable and any deferred tax.

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

There is one employee of the company but his costs are borne by the service charge account rather than by the freehold company.

Land and buildings comprise of -

1) The leasehold interest (approximately 40 years) of Flat 4 Holmefield Court was purchased on 27 February 2025 from executors and as such its open market value will not materially differ from the cost incurred at that date. By operation of law the leasehold interest is now merged into the freehold interest in Holmefield Court.

2) The freehold of Holmefield Court, which includes the reversions of the remaining 103 flats, which was last formally valued at £264,000 on an open market basis on 28 February 2022 by Marr-Johnson & Stevens LLP, a firm of Chartered Surveyors. The directors do not believe that the current market value is materially different from the market value or the carrying value as at 28 February 2026.

The profit and loss reserve of £486,000 includes all current and prior period retained profits and losses. £163,692 of the profit and loss reserve is non-distributable. The non-distributable element of the profit and loss reserve relates to investment property revaluation gains, net of related deferred taxation.