54 Queen's Gate Hotel Reversionary Compa - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04578597

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

54 QUEEN'S GATE HOTEL REVERSIONARY

COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M M I Mohamed

S Locke

SECRETARY:

S Locke

REGISTERED OFFICE:

54 Queen's Gate

London

SW7 5JW

REGISTERED NUMBER:

04578597

AUDITORS:

Sage & Co

Chartered Accountants

& Statutory Auditors

38A High Street

Northwood

Middlesex

HA6 1BN

FIXED ASSETS

Tangible assets

4

530,934

536,045

CREDITORS

Amounts falling due within one year

5

634,005

634,005

NET CURRENT LIABILITIES

(634,005

)

(634,005

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(103,071

)

(97,960

)

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

(103,072

)

(97,961

)

SHAREHOLDERS' FUNDS

(103,071

)

(97,960

)

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 29 September 2023 and were signed on its behalf by:

S Locke - Director

1.	STATUTORY INFORMATION

54 Queen's Gate Hotel Reversionary Company Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Reversionary Interest in Property - 2% Straight Line

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2022

and 31 December 2022

634,006

DEPRECIATION

At 1 January 2022

97,961

Charge for year

5,111

At 31 December 2022

103,072

NET BOOK VALUE

At 31 December 2022

530,934

At 31 December 2021

536,045

54 Queen's Gate Hotel Property Company Limited holds the 999 year head lease of the freehold property. 54 Queen's Gate Hotel Nominee 1 Limited and 54 Queen's Gate Hotel Nominee 2 Limited jointly hold the legal title to the lease held by the above company. The company holds the legal and beneficial title to the reversionary freehold interest to the property.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Amounts owed to group undertakings

634,005

634,005

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

1

Ordinary

£1

1

1

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sunil Sangani FCA (Senior Statutory Auditor)

for and on behalf of Sage & Co

8.	CONTINGENT LIABILITIES

The company and other group companies within the UK operate a combined value added tax (VAT) registration and therefore there is a contingent liability for any unpaid VAT arising in other UK group companies.

The company and other group companies have provided an unlimited company guarantee over the bank loan made to one of the group companies. In addition, the company has given a first legal charge over its property.