| Saxon Square Christchurch Limited |
| Registered number: |
09441254 |
| Balance Sheet |
| as at 31 December 2025 |
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| Notes |
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2025 |
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2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
15,000,000 |
|
|
13,500,000 |
|
| Current assets |
| Debtors |
4 |
|
449,831 |
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|
463,963 |
| Cash at bank and in hand |
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|
189,494 |
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|
225,548 |
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|
639,325 |
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|
689,511 |
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| Creditors |
5 |
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(2,217,482) |
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(2,289,576) |
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| Net liabilities |
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(1,578,157) |
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(1,600,065) |
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| Total assets less current liabilities |
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13,421,843 |
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11,899,935 |
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| Creditors: amounts falling due after more than one year |
6 |
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|
(6,214,346) |
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(6,352,893) |
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| Net assets |
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7,207,497 |
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5,547,042 |
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| Capital and reserves |
| Called up share capital |
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3,510,000 |
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3,510,000 |
| Share premium |
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1,283,333 |
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1,283,333 |
| Profit and loss account |
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2,414,164 |
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753,709 |
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| Shareholders' funds |
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7,207,497 |
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5,547,042 |
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| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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| M R Shooter on behalf of Kingscroft Estates LLP |
| Director |
| Approved by the board on 11 September 2026 |
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| Saxon Square Christchurch Limited |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover represents rents receivable and other similar income. |
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Investment property |
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Investment property is included at fair value. Any surplus or deficit on revaluation is dealt with through the profit and loss account. No depreciation is provided in respect of investment property.
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Costs of obtaining loan finance |
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Where they are significant, incidental costs of obtaining loan finance are spread over the term of the relevant loan. |
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| 2 |
Employees |
2025 |
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2024 |
| Number |
Number |
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Average number of persons employed by the company |
- |
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- |
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| 3 |
Tangible fixed assets |
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Freehold investment property |
| £ |
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Fair value |
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At 1 January 2025 |
13,500,000 |
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Surplus on revaluation |
1,500,000 |
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At 31 December 2025 |
15,000,000 |
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Depreciation |
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At 31 December 2025 |
- |
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Net book value |
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At 31 December 2025 |
15,000,000 |
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At 31 December 2024 |
13,500,000 |
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| 4 |
Debtors |
2025 |
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2024 |
| £ |
£ |
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Trade debtors |
74,237 |
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41,146 |
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Other debtors |
375,594 |
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422,817 |
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449,831 |
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463,963 |
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| 5 |
Creditors |
2025 |
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2024 |
| £ |
£ |
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Bank loans |
164,000 |
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175,000 |
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Shareholders' loans |
1,515,852 |
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1,621,428 |
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Trade creditors |
7,388 |
|
7,388 |
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Corporation tax |
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|
95,390 |
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62,851 |
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Other taxes and social security costs |
60,114 |
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68,356 |
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Other creditors |
374,738 |
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354,553 |
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2,217,482 |
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2,289,576 |
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| 6 |
Creditors: amounts falling due after one year |
2025 |
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2024 |
| £ |
£ |
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Bank loans |
6,214,346 |
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6,352,893 |
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| 7 |
Loans |
2025 |
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2024 |
| £ |
£ |
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Creditors include: |
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Secured bank loans |
6,356,606 |
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6,501,412 |
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The loan is secured by a first legal charge over the company's property and by a floating charge over the company's assets and undertaking. |
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| 8 |
Other information |
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Saxon Square Christchurch Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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9 Bonhill Street |
|
London |
|
EC2A 4DJ |