Registration number: 01513010

St Paul's Court Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

St Paul's Court Limited

Company Information

Directors

Mr Zubair Khizar Mr Adil Ganai Mr Alan Edward Marke Dr Charanjit Singh Mr Keith Andrew Mallinson Mr George Sarkis Mr Vikas Mehta Mr Wissam Charbel Eid

Registered office

Estate Office St Paul's Court Colet Gardens London W14 9YA

Accountants

Michaelides Warner & Co 102 Fulham Palace Road London W6 9PL

St Paul's Court Limited

(Registration number: 01513010)
Balance Sheet as at 24 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	62,602	62,602
Current assets
Stocks	5	414	621
Debtors	6	558	2,281
Cash at bank and in hand		23,298	10,776
		24,270	13,678
Creditors: Amounts falling due within one year	7	(10,751)	(2,816)
Net current assets		13,519	10,862
Net assets		76,121	73,464
Capital and reserves
Called up share capital	8	13,600	13,600
Retained earnings		62,521	59,864
Shareholders' funds		76,121	73,464

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 Profit and Loss Account.

Approved and authorised by the Board on 20 September 2026 and signed on its behalf by:
 

......................................... Mr Wissam Charbel Eid Director

St Paul's Court Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Estate Office
St Paul's Court
Colet Gardens
London
W14 9YA

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises service charge contributions received from the leaseholders of St Paul's Court.

Tax

The tax expense for the current period comprises of current tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

St Paul's Court Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% on cost
Buildings	Depreciation is not provided on freehold land and buildings as they are maintained regularly to a high standard and would not have a material effect on the financial statements.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from leaseholders for service charge demands issued during the year.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost less impairment.

St Paul's Court Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
 

Basic Financial liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 12).

St Paul's Court Limited

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

4	Tangible assets

	Land and buildings £	Plant and machinery £	Total £
Cost or valuation
At 25 December 2024	62,602	8,936	71,538
At 24 December 2025	62,602	8,936	71,538
Depreciation
At 25 December 2024	-	8,936	8,936
At 24 December 2025	-	8,936	8,936
Carrying amount
At 24 December 2025	62,602	-	62,602
At 24 December 2024	62,602	-	62,602

Included within the net book value of land and buildings above is £62,602 (2024 - £62,602) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	414	621

St Paul's Court Limited

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

6

Debtors

	2025 £	2024 £
Trade debtors	300	380
Prepayments	258	274
Other debtors	-	1,627
	558	2,281

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	623	316
Accruals and deferred income	2,500	2,500
Other creditors	7,628	-
	10,751	2,816

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £50 each	272	13,600	272	13,600