Durham House Chelsea Limited - Filleted accounts

Registered number

05386382

Durham House Chelsea Limited

Report and Accounts

31 March 2026

Durham House Chelsea Limited
Registered number:		05386382
Balance Sheet
as at 31 March 2026

			2026		2025
£				£
Fixed assets
Freehold property	Note 4		1,986,425		1,986,425

			1,986,425		1,986,425


Capital and reserves
Members' fund	Note 5		1,986,425		1,986,425

Shareholders' funds			1,986,425		1,986,425


The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 480 of the Companies Act 2006 relating to dormant companies.

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. A profit and loss account has not been delivered to the Registrar of Companies.





Andrew Hunter
Director
Approved by the board on 5 October 2026

Durham House Chelsea Limited
Notes to the Accounts
for the year ended 31 March 2026

1	Accounting policies
	The accounts have been prepared under the historical cost convention.


2	Income and expenditure account

	The company has no income or expenditure in its own right. All transactions in the year related to maintenance of the common parts in accordance with the residents’ leases. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House. All service charge monies received from the residents of Durham House, Durham Place, London SW3 4ET are held on trust for the residents.


3	Controlling party and related party transactions

	The company is controlled by a voting majority of the members and, accordingly, there is no controlling related party. There were no transactions with related parties other than as stated elsewhere in the financial statements.


4	Freehold property

	The freehold property amount represents the cost of purchasing the freehold of all that property known as Durham House, Durham Place, London SW3 4ET. This purchase was completed effective 2 October 2006. On the same day, 999-year leases were granted in respect of each flat.


5	Members' fund

	The freehold property was acquired in October 2006. The purchase consideration together with related costs was satisfied by subscriptions from the owners of the five flats, calculated by reference to the agreed values attributable to each flat’s reversionary interest together with an allocation relating to the common parts on a pro-rata basis by reference to the measured floor areas of the individual flats. In prior periods, these amounts were presented as long-term loans from members. The directors consider that there is no intention or obligation for repayment and that the amounts represent capital contributions made by the members to enable the acquisition of the freehold. Accordingly, the balances previously shown as loans from members have been reclassified to members’ funds. Comparative figures have been restated to reflect this change in presentation. The reclassification has no impact on profit or loss or on the company’s dormant status. These members’ funds represent capital contributions and are non-distributable.


6	Contractual commitments

	The company contracts with third parties in its own name for the supply of services to the property for maintenance of the common parts in accordance with the terms of residents’ leases. At the year end the company had not entered into any non-cancellable contractual commitments.


7	Other information

	Durham House Chelsea Limited is a private company limited by guarantee without share capital and incorporated in England. Its registered office is:

	The Studio
	16 Cavaye Place
	London
	England
	SW10 9PT