Registration number: 08085443

27-29 Whitfield Property Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 9

27-29 Whitfield Property Limited

Company Information

Directors

Nils Lennart Grebelius Carl Vincent Grebelius

Registered office

80-83 Long Lane London EC1A 9ET

Auditors

Carbon Accountancy Limited Chartered Accountants and Statutory Auditors 80-83 Long Lane London EC1A 9ET

27-29 Whitfield Property Limited

(Registration number: 08085443)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	16,529	20,654
Investment property	5	3,910,000	3,910,000
Investments	6	110,550	-
		4,037,079	3,930,654
Current assets
Debtors	7	65,007	67,851
Cash at bank and in hand		64,899	42,556
		129,906	110,407
Creditors: Amounts falling due within one year	8	(338,043)	(3,241,808)
Net current liabilities		(208,137)	(3,131,401)
Total assets less current liabilities		3,828,942	799,253
Provisions for liabilities		(19,454)	(20,485)
Net assets		3,809,488	778,768
Capital and reserves
Called up share capital	9	3,700,000	700,000
Other reserves		425,766	420,808
Retained earnings		(316,278)	(342,040)
Shareholders' funds		3,809,488	778,768

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 31 July 2026 and signed on its behalf by:
 

......................................... Nils Lennart Grebelius Director

27-29 Whitfield Property Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

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

The address of its registered office is:
80-83 Long Lane
London
EC1A 9ET

These financial statements were authorised for issue by the Board on 31 July 2026.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The directors have given consideration to the foreseeable future based on formal finance projections.

The company’s balance sheet shows a net current liability of £208,137, however included within creditors falling due within one year is amount owed to the parent company £218,057.

The directors have confirmed the continued support from the parent company and consider the company to have available sufficient working capital to continue trading for the foreseeable future.

27-29 Whitfield Property Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 31 July 2027 was John Leyden FCA, who signed for and on behalf of Carbon Accountancy Limited.

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

Revenue recognition

Revenue represents rental income which is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Rental income is recognised on an accrual basis over the period of the rental agreements.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	10% straight line

27-29 Whitfield Property Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Plant and machinery

25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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 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 using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

27-29 Whitfield Property Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Tangible assets

	Fixtures and fittings £	Other tangible assets  £	Total £
Cost or valuation
At 1 January 2025	141,253	33,672	174,925
At 31 December 2025	141,253	33,672	174,925
Depreciation
At 1 January 2025	120,599	33,672	154,271
Charge for the year	4,125	-	4,125
At 31 December 2025	124,724	33,672	158,396
Carrying amount
At 31 December 2025	16,529	-	16,529
At 31 December 2024	20,654	-	20,654

5	Investment properties

	2025 £
At 1 January	3,910,000
Fair value adjustments	4,959
Amortisation of capitalised letting fees	(4,959)
At 31 December	3,910,000

The valuation being based on directors’ assessment of market value as at the reporting date based on observable market prices.

There has been no valuation of investment property by an independent valuer.

27-29 Whitfield Property Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

6	Investments

	2025 £	2024 £
Investments in subsidiaries	110,550	-