Accounts filed on 31-12-2022


ACCOUNTS
FOR THE YEAR ENDED 31/12/2022





DIRECTORS
Graham Robeson (resigned 9 November 2022)
Andrew Petter
Aurelien Rowland (appointed 9 November 2022)



SECRETARY
Vacant


REGISTERED OFFICE
2 Duke Street
London
SW1Y 6BN


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07094458


ACCOUNTS
FOR THEYEARENDED31/12/2022



CONTENTS



		Page

Directors' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/12/2022

			2022		2021
	Notes		£		£

FIXED ASSETS
Tangible assets			992,319		992,319

CURRENT ASSETS
Debtors	3	1,064		-
		1,064		-
CREDITORS: Amounts falling due within one year	4	1,064,011		1,056,725
NET CURRENT LIABILITIES			(1,062,947)		(1,056,725)
TOTAL ASSETS LESS CURRENT LIABILITIES			(70,628)		(64,406)

CAPITAL AND RESERVES

Called up share capital	6		2		2
Profit and loss account			(70,630)		(64,408)
SHAREHOLDERS' FUNDS			(70,628)		(64,406)

For the year ending 31/12/2022 the company was entitled to exemption 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 12/07/2023 and signed on their behalf by



.............................
Andrew Petter
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. The Investment Property has been shown at cost in 2022 and prior periods. Measures to determine the fair value of the property have been delayed due to Covid-19 and the resulting Worldwide pandemic.




3. DEBTORS	2022	2021
	£	£
Amounts falling due within one year
Overseas taxation	264	-
Prepayments	800	-
	1,064	-




4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2022	2021
	£	£
Accruals	2,823	-
Amounts due to group companies	1,061,188	1,056,725
	1,064,011	1,056,725




5. EMPLOYEES

	2022	2021
	No.	No.
Average number of employees	-	-
The Company did not employ personnel during the period 2022 (2021).




6. SHARE CAPITAL	2022	2021
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2




7. CONTROLLING PARTY
As at 31 December 2022 the Company is a subsidiary of Madison Capital Limited, which is incorporated in Guernsey.

8. RELATED PARTY TRANSACTIONS

The Company discharges all expenditure through the group's treasury entity. The facility can be called on demand, giving 90 days notice. The facility carries no interest.




9. GOING CONCERN
The financial statements have been prepared on a Going Concern basis. The shareholder confirmed the financial support of up to 12 months from the date of sign off of the financial statements.