57-59 Philbeach Gardens Limited 31/12/2025 iXBRL

Company registration number: 11652964

57-59 Philbeach Gardens Limited

Filleted financial statements

31 December 2025

57-59 Philbeach Gardens Limited

Contents

Directors and other information

Directors responsibilities statement

Statement of financial position

Statement of changes in equity

Notes to the financial statements

57-59 Philbeach Gardens Limited

Directors and other information


	Directors	Su Nie Lee
		Anton Syazi Bin Ahmad Sebi
		Aryati Sasya Binti Ahmad Sebi
		Ngiap Koon Sng


	Company number	11652964


	Registered office	93 Gloucester Place
		London
		W1U 6JQ


	Auditor	SRV Delson
		Maruti House
		1st Floor
		369 Station Road
		Harrow
		HA1 2AW




	Bankers	Bangkok Bank
		Exchequer Court
		33 St Mary Axe
		London
		EC3A 8BY

57-59 Philbeach Gardens Limited

Directors responsibilities statement

Year ended 31 December 2025

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

57-59 Philbeach Gardens Limited

Statement of financial position

31 December 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	13,492,798		13,843,194
		_______		_______
			13,492,798		13,843,194

Current assets
Stocks		9,514		7,288
Debtors	6	215,477		127,514
Cash at bank and in hand		936,000		930,487
		_______		_______
		1,160,991		1,065,289
Creditors: amounts falling due
within one year	7	( 787,715)		( 17,691,513)
		_______		_______
Net current assets/(liabilities)			373,276		( 16,626,224)
			_______		_______
Total assets less current liabilities			13,866,074		( 2,783,030)

Creditors: amounts falling due
after more than one year	8		( 23,747,798)		( 5,322,500)
			_______		_______
Net liabilities			( 9,881,724)		( 8,105,530)
			_______		_______

Capital and reserves
Called up share capital	10		100		100
Profit and loss account	11		( 9,881,824)		( 8,105,630)
			_______		_______
Shareholders deficit			( 9,881,724)		( 8,105,530)
			_______		_______

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 20 July 2026 , and are signed on behalf of the board by:

Anton Syazi Bin Ahmad Sebi

Director

Company registration number: 11652964

57-59 Philbeach Gardens Limited

Statement of changes in equity

Year ended 31 December 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 January 2024	100	( 7,803,797)	( 7,803,697)

Loss for the year		( 301,833)	( 301,833)
	_______	_______	_______
Total comprehensive income for the year	-	( 301,833)	( 301,833)

	_______	_______	_______
At 31 December 2024 and 1 January 2025	100	(8,105,632)	(8,105,532)

Loss for the year		( 1,776,192)	( 1,776,192)
	_______	_______	_______
Total comprehensive income for the year	-	( 1,776,192)	( 1,776,192)

	_______	_______	_______
At 31 December 2025	100	( 9,881,824)	( 9,881,724)
	_______	_______	_______

57-59 Philbeach Gardens Limited

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 93 Gloucester Place, London, W1U 6JQ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold land	-	Not depreciated
Freehold building	-	50 Years
Cost of building	-	2 % to 10% Straight line
Computer equipment	-	20 %	straight line
Fittings fixtures and equipment	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 6 ).

5. Tangible assets

	Freehold property	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 January 2025	16,615,011	400,637	17,015,648
Additions	-	864	864
	_______	_______	_______
At 31 December 2025	16,615,011	401,501	17,016,512
	_______	_______	_______
Depreciation
At 1 January 2025	3,081,188	91,266	3,172,454
Charge for the year	271,128	80,132	351,260
	_______	_______	_______
At 31 December 2025	3,352,316	171,398	3,523,714
	_______	_______	_______
Carrying amount
At 31 December 2025	13,262,695	230,103	13,492,798
	_______	_______	_______
At 31 December 2024	13,533,823	309,371	13,843,194
	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Other debtors	215,477	127,514
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	440,000	440,000
Trade creditors	30,645	44,629
Amounts owed to group undertakings and undertakings in which the company has a participating interest	-	16,963,429
Social security and other taxes	45,298	38,773
Other creditors	271,772	204,682
	_______	_______
	787,715	17,691,513
	_______	_______

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

	2025	2024
	£	£
Bank loans and overdrafts	4,862,500	5,322,500
Amounts owed to group undertakings and undertakings in which the company has a participating interest	18,885,298	-
	_______	_______
	23,747,798	5,322,500
	_______	_______

The bank loans are secured by a first charge over the company's freehold property, a debenture over the company's assets and guaranteed from two fellow group companies.

9. Financial instruments

Financial instruments carried on the statement of financial position include cash and cash equivalents, borrowings and accruals. The particular recognition methods adopted are disclosed in the individual policy statements associated with each item.

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

Called up share capital represents the nominal value of shares that have been issued.

11. Reserves

The profit & loss reserves include all current and prior years retained profit and losses

12. Summary audit opinion

The auditor's report dated 20 July 2026 was unqualified.

The senior statutory auditor was Sailesh Rameshchandra Vaghjee for and on behalf of SRV Delson

13. Related party transactions

The company has taken advantage under FRS102 S33 not to disclose transactions with group companies whose voting rights are controlled within the group.

14. Controlling party

The ultimate controlling interest is held by the directors of the ultimate parent company.

15. Ultimate partent undertaking

The company is a wholly owned subsidiary of Posthotel Arosa AG. The ultimate parent undertaking is Advance Synergy Berhad, a company incorporated in Malaysia and listed on the Malaysian Stock Exchange.