BHL (Esmond Court) Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 14033464 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 7 APRIL 2022 TO 24 DECEMBER 2022

FOR

BHL (ESMOND COURT) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Q J Sprague

J Weller

S Moorhouse

SECRETARY:

S B Kimm FCCA

REGISTERED OFFICE:

18 Pall Mall

London

SW1Y 5LU

REGISTERED NUMBER:

14033464 (England and Wales)

ACCOUNTANTS:

Ellis Atkins

Chartered Accountants

The Atrium Business Centre

Curtis Road

Dorking

Surrey

RH4 1XA

FIXED ASSETS

Investment property

4

41,100,000

CURRENT ASSETS

Debtors

5

100

NET CURRENT ASSETS

100

TOTAL ASSETS LESS CURRENT LIABILITIES

41,100,100

PROVISIONS FOR LIABILITIES

9,412,939

NET ASSETS

31,687,161

CAPITAL AND RESERVES

Called up share capital

6

31,687,161

31,687,161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 24 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 24 December 2022 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 30 March 2023 and were signed on its behalf by:

Q J Sprague - Director

J Weller - Director

1.	STATUTORY INFORMATION

BHL (Esmond Court) 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 fair value gain or movement thereon is transferred to a fair value reserve after adjusting for deferred tax. No depreciation is provided in respect of investment properties.

Taxation

Taxation for the period 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 period 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 period was NIL.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

41,100,000

At 24 December 2022

41,100,000

NET BOOK VALUE

At 24 December 2022

41,100,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

100

6.	CALLED UP SHARE CAPITAL

100 ordinary £1 shares were issued on formation of the company. During the period to 24th December 2022 the company acquired an investment property from its immediate parent in exchange for 41,100,000 ordinary £1 shares. Since the balance sheet date 9,412,939 ordinary £1 shares have been cancelled.

7.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors, the group's ultimate controlling party is the I Jersey Settlement Trust.