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COMPANY REGISTRATION NUMBER: 03212574
18 - 19 North Villas Limited
Filleted Unaudited Financial Statements
30 June 2022
18 - 19 North Villas Limited
Balance Sheet
30 June 2022
2022
2021
Note
£
£
£
Fixed assets
Tangible assets
4
6,692
6,692
Current assets
Cash at bank and in hand
1,648
681
Creditors: amounts falling due within one year
5
900
450
-------
----
Net current assets
748
231
-------
-------
Total assets less current liabilities
7,440
6,923
Creditors: amounts falling due after more than one year
6
6,692
6,692
-------
-------
Net assets
748
231
-------
-------
Capital and reserves
Called up share capital
800
800
Profit and loss account
( 52)
( 569)
----
----
Shareholders funds
748
231
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
18 - 19 North Villas Limited
Balance Sheet (continued)
30 June 2022
These financial statements were approved by the board of directors and authorised for issue on 1 September 2022 , and are signed on behalf of the board by:
S Busato-Martin
Director
Company registration number: 03212574
18 - 19 North Villas Limited
Notes to the Financial Statements
Year ended 30 June 2022
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is A3 Broomsleigh Business Park, Worsley Bridge Road, London, SE26 5BN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received for management charges, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Land and buildings
£
Cost
At 1 July 2021 and 30 June 2022
6,692
-------
Depreciation
At 1 July 2021 and 30 June 2022
-------
Carrying amount
At 30 June 2022
6,692
-------
At 30 June 2021
6,692
-------
5. Creditors: amounts falling due within one year
2022
2021
£
£
Other creditors
900
450
----
----
6. Creditors: amounts falling due after more than one year
2022
2021
£
£
Other creditors
6,692
6,692
-------
-------
7. Financial instruments
The carrying amount for each category of financial instrument is as follows:
2022
2021
£
£
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss
1,648
681
-------
----
Financial liabilities measured at fair value through profit or loss
Financial liabilities measured at fair value through profit or loss
8,392
7,942
-------
-------