Registration number: 14819590

Somerset Park Property Management Uk Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Somerset Park Property Management Uk Ltd

Company Information

Directors

Mr Cornelis Maartinus Verkade Mr Aren Van Dam Mr Arie Johannes Maarten Van Dam Mr Elisha Sjemtov Evers

Registered office

8 Rodborough Road London London England NW11 8RY

Accountants

GILBERT ALLAN & CO 8 Rodborough Road London London NW11 8RY

Somerset Park Property Management Uk Ltd

(Registration number: 14819590)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Current assets
Debtors	4	3,755	5
Creditors: Amounts falling due within one year	5	(1,000)	(8,950)
Total assets less current liabilities		2,755	(8,945)
Creditors: Amounts falling due after more than one year	5	(173,532)	(84,418)
Net liabilities		(170,777)	(93,363)
Capital and reserves
Called up share capital		5	5
Retained earnings		(170,782)	(93,368)
Shareholders' deficit		(170,777)	(93,363)

For the financial year ending 31 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 14 September 2026 and signed on its behalf by:
 

......................................... Mr Aren Van Dam Director

......................................... Mr Elisha Sjemtov Evers Director

Somerset Park Property Management Uk Ltd

Notes to the Unaudited 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:
8 Rodborough Road
London
London
NW11 8RY
England

These financial statements were authorised for issue by the Board on 14 September 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. In forming their view, the directors have considered the Company’s forecast cash flows, and compliance with loan covenants. The directors have also received confirmation of ongoing financial support from the parent company. Accordingly, the directors consider that it remains appropriate to prepare the financial statements on a going concern basis.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Somerset Park Property Management Uk Ltd

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

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.

3	Staff numbers

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

4

Debtors

Current	2025 £	2024 £
Prepayments	3,750	-
Other debtors	5	5
	3,755	5

Somerset Park Property Management Uk Ltd

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

5

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	(3,600)	400
Accruals and deferred income	4,600	8,550
	1,000	8,950

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	6	173,532	84,418

6	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	173,532	84,418

7	Related party transactions

At 31 December 2025, the Company owed £173,532 (2024: £84,418) to group undertakings in respect of intercompany loans. Interest of £5,663 (2024: £2,166) was charged on these loans during the year.

All transactions were undertaken on normal commercial terms.

8	Relationship between entity and parents

The parent of the largest group in which these financial statements are consolidated is New Amsterdam Invest N.V., incorporated in Netherlands.

The address of New Amsterdam Invest N.V. is:
Herengracht 280, 1016 BX Amsterdam

The Company's immediate parent undertaking is Somerset Park Holding UK Ltd, incorporated in England and Wales.