WYNNGATE CHELSEA LIMITED


Directors	COOK, Matthew Thomas
	COOK, Peter David


Registered Address	15 Canfield Place
	London
	NW6 3BT


Registered Number	15335353 (England and Wales)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Investment property	3		2,778,764		2,778,764
			2,778,764		2,778,764
Current assets
Debtors	4	21,115		12,759
Cash at bank and on hand		907		14,879
		22,022		27,638
Creditors amounts falling due within one year	5	(971,164)		(1,020,103)
Net current assets (liabilities)			(949,142)		(992,465)
Total assets less current liabilities			1,829,622		1,786,299
Creditors amounts falling due after one year	6		(1,824,377)		(1,778,473)
Net assets			5,245		7,826
Capital and reserves
Called up share capital			100		100
Profit and loss account			5,145		7,726
Shareholders' funds			5,245		7,826

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 7 October 2026, and are signed on its behalf by:

COOK, Matthew Thomas
Director
Registered Company No. 15335353

WYNNGATE CHELSEA LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	Revenue comprises rental income from the company’s investment properties. Rental income is recognised on a straight-line basis over the term of each lease. The cost of any rent-free periods or other lease incentives is spread over the lease term as a reduction in rental income. Amounts charged for services, where applicable, are accounted for separately from rental income.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using an open market valuation basis.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Investment property
	The directors assessed the fair value of the investment properties at 31 March 2026 using comparable property sales prices and rental yields, together with their extensive knowledge of the local property market. The assessment took account of the properties’ location, condition and tenancy terms. The directors concluded that the carrying value of £2,778,764 is appropriate.


		£
	Fair value at 01 April 25	2,778,764
	At 31 March 26	2,778,764

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	10,620	3,000
Amounts owed by group undertakings	3,226	2,490
Other debtors	7,269	7,269
Total	21,115	12,759

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	4,937	1,383
Amounts owed to related parties	952,140	1,006,479
Taxation and social security	-	1,812
Other creditors	13,127	9,469
Accrued liabilities and deferred income	960	960
Total	971,164	1,020,103

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	1,824,377	1,778,473
Total	1,824,377	1,778,473

7.	Related party transactions
	Included in debtors is an amount of £3,226 (2025: £2,466) owed by group companies. Included in creditors due within one year is an amount of £952,140 (2025: £1,006,455) owed to group companies. Amounts outstanding between group companies arise by virtue of financing transactions. These amounts are unsecured, interest free and due within one year.