REGISTERED NUMBER: 04665667 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2025

FOR

TWENTY NEW GLOBE WALK

MANAGEMENT COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J M Nolan

S S F Yeoh

C M Birch

A R Marrocco

SECRETARY:

Rendall and Rittner Limited

REGISTERED OFFICE:

Rendall and Rittner Limited

13b St. George Wharf

London

SW8 2LE

REGISTERED NUMBER:

04665667 (England and Wales)

ACCOUNTANTS:

Sproull & Co.

Chartered Accountants

First Floor, Jebsen House

53-61 High Street

Ruislip

Middlesex

HA4 7BD

FIXED ASSETS

Tangible assets

4

184,912

184,912

CURRENT ASSETS

Debtors

5

8,367

6,914

Cash at bank

14,172

20,711

22,539

27,625

CREDITORS

Amounts falling due within one year

6

31,366

46,524

NET CURRENT LIABILITIES

(8,827

)

(18,899

)

TOTAL ASSETS LESS CURRENT LIABILITIES

176,085

166,013

CREDITORS

Amounts falling due after more than one year

7

64,684

64,684

NET ASSETS

111,401

101,329

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

111,381

101,309

SHAREHOLDERS' FUNDS

111,401

101,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th November 2025 and were signed on its behalf by:

A R Marrocco - Director

1.	STATUTORY INFORMATION

Twenty New Globe Walk Management Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company meets its day to day working capital requirements through the support of its shareholders. The directors have confirmed that this support will continue to be made available for the foreseeable future.

Turnover

Turnover represents ground rents and storeroom rent receivable.

Tangible fixed assets

Land and buildings are shown at cost less any accumulated depreciation and any accumlated impairment losses.

Land and buildings are depreciated over their estimated useful economic life after taking the residual value of the assets into consideration. The directors consider the residual value of the company's land and buildings to be in excess of the original cost and consequently no depreciation is provided.

The residual value of the company's assets and whether the value has been impaired are considered by the directors on an annual basis.

Taxation

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1st June 2024

and 31st May 2025

184,912

NET BOOK VALUE

At 31st May 2025

184,912

At 31st May 2024

184,912

The freehold title is subject to long leases granted to individual flat owners in the property.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,543

6,914

Other debtors

2,824

-

8,367

6,914

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Loan capital due to shareholders

6,307

-

Taxation

3,329

3,860

Other creditors

2,119

2,033

Due to lessees

-

34,473

Due to 20 New Globe Walk Service Charge Fund

15,819

3,458

Accrued expenses

3,792

2,700

31,366

46,524

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Loan capital and interest due

to shareholders

64,684

64,684

64,684

64,684

The capital provided by the shareholders to purchase the freehold of Twenty New Globe Walk included loan notes and loan capital.

The loan notes have been repaid in full. The loan capital is not interest bearing and can be repaid at the direction of the directors and hence is shown due in greater than one year.

The provision for interest (which relates to the interest bearing loan notes) included in the total balance is £25,795 (2024 - £25,795).