Company No:
Contents
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investment property | 3 |
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| 3,765,000 | 3,240,000 | |||
| Current assets | ||||
| Debtors | ||||
| - due within one year | 4 |
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| - due after more than one year | 4 |
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| Cash at bank and in hand |
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| 567,011 | 638,830 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current liabilities | (2,181,690) | (1,918,770) | ||
| Total assets less current liabilities | 1,583,310 | 1,321,230 | ||
| Creditors: amounts falling due after more than one year | 6 | (
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| Net liabilities | (
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| Capital and reserves | ||||
| Called-up share capital | 7 |
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| Profit and loss account | (
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| Total shareholder's deficit | (
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Included within profit and loss account is a loss of £365,847(2024: loss of £773,097) which relates to unrealised gains and losses, on investment properties, net of the associated deferred tax where applicable.
Director's responsibilities:
The financial statements of Juniper Battersea Limited (registered number:
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A Prashkovsky Borkin
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Juniper Battersea Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Elscot House, Arcadia Avenue, London, N3 2JU, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons:
The company meets its day to day working capital requirements from operational cashflows, related party loans and intercompany balances with the group headed by PRMO Holdings UK Ltd.
PRMO Holdings UK Ltd and its shareholders have indicated their intention to continue to make available such funds as are needed by the company, and that they do not intend to seek repayment of the amounts currently due, during the going concern assessment period. As with any company placing reliance on other entities for financial support, the director acknowledges that there can be no certainty that this support will continue. However, at the date of approval of these financial statements, they have no reason to believe that it will not do so.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.
The Company as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including the director |
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| Investment property | |
| £ | |
| Valuation | |
| As at 01 January 2025 |
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| Fair value movement | 525,000 |
| As at 31 December 2025 |
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Valuation
A full market valuation of investment property was completed by Colliers at the Balance Sheet date. The fair value of residential investment property at 31 December 2025 have been arrived at on the basis of valuations carried out on that date by external valuers having appropriate relevant professional qualifications and recent experience in the location and category of property being valued.
Historic cost
If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:
| 2025 | 2024 | ||
| £ | £ | ||
| Historic cost | 4,252,796 | 4,252,796 |
| 2025 | 2024 | ||
| £ | £ | ||
| Debtors: amounts falling due within one year | |||
| Amounts owed by Group undertakings |
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| Other debtors |
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| Debtors: amounts falling due after more than one year | |||
| Deferred tax asset |
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| 2025 | 2024 | ||
| £ | £ | ||
| Bank loans (secured) |
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| Trade creditors |
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| Amounts owed to Group undertakings |
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| Amounts owed to related parties |
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| Accruals and deferred income |
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| Other taxation and social security |
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| Other creditors |
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Bank loans are secured against all the assets of the company (including without limitation a legal charge over the Investment Property and an assignment of all rental income generated by it).
In the year, the bank loan facility was restated to increase amortisation of the loan from £3,750 per quarter to £19,551 per quarter, until the Loan to Value ratio reaches 55%.
| 2025 | 2024 | ||
| £ | £ | ||
| Bank loans (secured) |
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| 2025 | 2024 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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Transactions with owners holding a participating interest in the entity
At the year end the company owed Arie Prashkovsky Group Ltd, a 37.5% group company, £821,017 (2024: £785,151). Interest is charged at 6.5% per annum. The loan and interest repayment dates are 30 June 2027.
At the year end the company owed Massad-Oz Investments Ltd, a 12.5% group company, £273,686 (2024: £261,730). Interest is charged at 6.5% per annum. The loan and interest repayment dates are 30 June 2027.
At the year end the company owed Caesarea Medical Electronics Holding (2000) Ltd, a 50% group company, £1,094,502 (2024: £1,046,680). Interest is charged at 6.5% per annum. The loan and interest repayment dates are 30 June 2027.
During the year management services were provided to the company by UK OK Limited of £nil (2024: £70,000). Mr I Prashkovsky, who served as a director during the year, is also a director of UK OK Limited.