London Penthouse (Highgate 2) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11149229 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 October 2020

for

London Penthouse (Highgate 2) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTOR:

P Bessell

REGISTERED OFFICE:

C205 The Chocolate Factory

5 Clarendon Road

Wood Green

London

N22 6XJ

REGISTERED NUMBER:

11149229 (England and Wales)

ACCOUNTANTS:

CPS Accountancy Ltd

Chartered Certified Accountants

C205 The Chocolate Factory

5 Clarendon Road

Wood Green

London

N22 6XJ

FIXED ASSETS

Investment property

4

1,190,558

1,190,558

CURRENT ASSETS

Debtors

5

6,040

100

Cash at bank

11

-

6,051

100

CREDITORS

Amounts falling due within one year

6

7,340

4,661

NET CURRENT LIABILITIES

(1,289

)

(4,561

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,189,269

1,185,997

CREDITORS

Amounts falling due after more than one year

7

769,778

759,765

NET ASSETS

419,491

426,232

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

419,391

426,132

419,491

426,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2021 and were signed by:

P Bessell - Director

1.	STATUTORY INFORMATION

London Penthouse (Highgate 2) 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.

Turnover

Turnover represents rents received.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is shown at their most recent valuation. In the option of the Board, the value of investment property is not materially different to cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 October 2019

and 30 October 2020

1,190,558

NET BOOK VALUE

At 30 October 2020

1,190,558

At 30 October 2019

1,190,558

At the balance sheet date the Director was of the opinion the market value of the investment property was not materially different to cost.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.10.20

30.10.19

£

£

Other debtors

5,940

-

Called up share capital not paid

100

100

6,040

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.10.20

30.10.19

£

£

Other creditors

279

-

Accruals and deferred income

7,061

4,661

7,340

4,661

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.10.20

30.10.19

£

£

Bank loans more 5 yr by instal

10,000

-

Other loans - 1-2 years

759,778

759,765

769,778

759,765

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

10,000

-

Included within other loans is an amount of £759,778 (2019 : £759,675) secured on the company's investment property.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 October 2020 set out on pages two to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

CPS Accountancy Ltd

Chartered Certified Accountants

C205 The Chocolate Factory

5 Clarendon Road

Wood Green

London

N22 6XJ

28 October 2021