Registration number: 06359671

38 Draycott Place Freehold Company Ltd

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 6

38 Draycott Place Freehold Company Ltd

Company Information

Directors

E B Golson E Haim-Swarovski F J Harry R D Leigh P A Reynolds A K Vaananen Gisev Family Office S.P.A.

Company secretary

F J Harry

Registered office

Flat 6 38 Draycott Place London SW3 2SA

Accountants

Service Charge Assurance Limited Chartered AccountantsSalatin House 19 Cedar Road Sutton Surrey SM2 5DA

38 Draycott Place Freehold Company Ltd

(Registration number: 06359671)
Statement of Financial Position as at 24 December 2025

	Note	2025 £	2024 £
Non-current assets
Property, plant and equipment	4	1	19,878
Current assets
Receivables	5	4,142	66,013
Payables: Amounts falling due within one year	6	(3,618)	(857)
Net current assets		524	65,156
Net assets		525	85,034
Equity
Capital contribution	7	-	63,074
Retained earnings	7	525	21,960
Total equity		525	85,034

For the financial year ending 24 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 11 September 2026 and signed on its behalf by:

.........................................

E B Golson
Director

.........................................

F J Harry
Company secretary and director

38 Draycott Place Freehold Company Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 24 December 2025

1	General information

38 Draycott Place Freehold Company Ltd (the 'company') is a company limited by guarantee, registered in England and Wales under the Companies Act, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.

2	Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Judgements

There were no critical judgements made by the directors in the process of applying the company’s accounting policies which have the most significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover represents ground rents receivable.

38 Draycott Place Freehold Company Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 24 December 2025 (continued)

2	Accounting policies (continued)

Taxation

The tax expense for the period comprises current tax. Tax is recognised in the income statement, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the year end.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Property, plant and equipment

Tangible fixed assets comprises the freehold land at 38 Draycott Place, London, SW3 2SA. No depreciation is provided in respect of the land.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and at bank and are subject to an insignificant risk
of change in value.

Financial instruments

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 subsequently measured at their settlement value.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

38 Draycott Place Freehold Company Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 24 December 2025 (continued)

4	Property, plant and equipment

	Freehold land £
Cost
At 25 December 2024	19,878
Disposals	(19,877)
At 24 December 2025	1
Carrying amount
At 24 December 2025	1
At 24 December 2024	19,878

5	Receivables

	2025 £	2024 £
Ground rent arrears	-	104
Other receivables	4,096	65,077
Prepayments	46	832
	4,142	66,013

6

Payables

	2025 £	2024 £
Due within one year
Other payables	2,038	-
Accrued expenses & deferred income	1,580	857
	3,618	857

38 Draycott Place Freehold Company Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 24 December 2025 (continued)

7

Reserves

Capital contributions represented funding received from the directors to fund working capital requirements. All contributions were repaid during the year ended 24 December 2025.

The retained earnings reserve represents cumulative profit or losses and other adjustments.

	Capital contribution £	Retained earnings £	Total £
At 25 December 2024	63,074	21,960	85,034
Loss for the year	-	(21,435)	(21,435)
Other comprehensive income	(63,074)	-	(63,074)
Total comprehensive income	(63,074)	(21,435)	(84,509)
At 24 December 2025	-	525	525

8	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	81,000	-