32A Warwick Avenue Property Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10588758 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2021

for

32A Warwick Avenue Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Rysaffe Administrateurs Sarl

C N Starin-Basi

SECRETARY:

M S M Casorerio

REGISTERED OFFICE:

17 Pindock Mews

London

W9 2PY

REGISTERED NUMBER:

10588758 (England and Wales)

ACCOUNTANTS:

Creasey Alexander & Co

Chartered Accountants

Parkgate House

33a Pratt Street

London

NW1 0BG

FIXED ASSETS

Investments

4

1

1

Investment property

5

2,800,000

2,800,000

2,800,001

2,800,001

CURRENT ASSETS

Debtors

6

821,003

828,809

Cash at bank

43,372

31,763

864,375

860,572

CREDITORS

Amounts falling due within one year

7

4,296

8,952

NET CURRENT ASSETS

860,079

851,620

TOTAL ASSETS LESS CURRENT LIABILITIES

3,660,080

3,651,621

CREDITORS

Amounts falling due after more than one year

8

850,000

850,000

NET ASSETS

2,810,080

2,801,621

CAPITAL AND RESERVES

Called up share capital

3

3

Share premium

2,799,997

2,799,997

Retained earnings

10,080

1,621

SHAREHOLDERS' FUNDS

2,810,080

2,801,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2021 and were signed on its behalf by:

C N Starin-Basi - Director

1.	STATUTORY INFORMATION

32A Warwick Avenue Property 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 wit the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

The directors do not consider that the value of the property has materially changed since the valuation dated 23 March 2017 and therefore no formal valuation has been undertaken.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 6 April 2020

and 5 April 2021

1

NET BOOK VALUE

At 5 April 2021

1

At 5 April 2020

1

Fixed Asset Investments represents one ordinary share of £1 owned in Little Venice Garden Amenity Limited, a company registered in England and Wales (Reg. Number 01558010).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2020

and 5 April 2021

2,800,000

NET BOOK VALUE

At 5 April 2021

2,800,000

At 5 April 2020

2,800,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.21

5.4.20

£

£

Amounts owed by associates

801,035

802,723

Other debtors

19,968

26,086

821,003

828,809

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.21

5.4.20

£

£

Bank loans and overdrafts

-

6,922

Taxation and social security

1,984

380

Other creditors

2,312

1,650

4,296

8,952

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.21

5.4.20

£

£

Bank loans

850,000

850,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

850,000

850,000