Forest Lodge Whipps Cross Ltd |
Registered number: |
03264109 |
Directors' Report |
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The directors present their report and accounts for the year ended 31 December 2021. |
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Principal Activity |
The company's principal activity which is the management of the communal areas of 83 Whipps Cross Road, London, E11 1NJ, is now dealt with through the service charge accounts. |
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Directors |
The following persons served as directors during the year: |
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E Ferrao |
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N Gowans |
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V Hale |
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D Steadman |
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Small Company Provisions |
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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This report was approved by the board on 23 August 2022 and signed by its order. |
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______________________ |
N Ruse |
Secretary |
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Forest Lodge Whipps Cross Ltd |
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Report to the directors on the preparation of the unaudited statutory accounts of Forest Lodge Whipps Cross Ltd for the year ended 31 December 2021 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Forest Lodge Whipps Cross Ltd for the year ended 31 December 2021 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/ |
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
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N J Ruse & Associates |
Chartered Certified Accountants |
Eagle House, Cranleigh Close |
Sanderstead |
South Croydon |
CR2 9LH |
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23 August 2022 |
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Forest Lodge Whipps Cross Ltd |
Notes to the Accounts |
for the year ended 31 December 2021 |
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1 |
Accounting Policies |
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Basis of Preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Tangible Fixed Assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold Interest |
over 50 years |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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2 |
Employees |
2021 |
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2020 |
Number |
Number |
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Average number of persons employed by the company |
- |
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- |
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3 |
Tangible Fixed Assets |
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Land and buildings |
£ |
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Cost |
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At 31 December 2021 |
6,581 |
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Depreciation |
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At 1 January 2021 |
2,772 |
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Charge for the year |
132 |
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At 31 December 2021 |
2,904 |
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Net Book Value |
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At 31 December 2021 |
3,677 |
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At 31 December 2020 |
3,809 |
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4 |
Debtors |
2021 |
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2020 |
£ |
£ |
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Other Debtors |
3,050 |
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3,050 |
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5 |
Other Information |
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Forest Lodge Whipps Cross Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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Eagle House, Cranleigh Close |
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Sanderstead |
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South Croydon |
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CR2 9LH |