Registered number
02206813
41 Sydenham Hill Management Company Ltd
Filleted Accounts
31 December 2021
ARA (Bristol) Ltd t/a Adams Root & Associates
Chartered Certified Accountants
Bristol
41 Sydenham Hill Management Company Ltd
Registered number: 02206813
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 591 591
Current assets
Cash at bank and in hand 2,096 2,578
Creditors: amounts falling due within one year 4 (591) (393)
Net current assets 1,505 2,185
Net assets 2,096 2,776
Capital and reserves
Called up share capital 4 4
Profit and loss account 2,092 2,772
Shareholders' funds 2,096 2,776
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Miss E L Pugsley
Director
Approved by the board on 2 September 2022
41 Sydenham Hill Management Company Ltd
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
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). The accounts are stated in sterling the functional currency of the entity.
Turnover
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.
Tangible fixed assets
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:
Freehold buildings - No depreciation is charged on this asset.
Taxation
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Freehold Property
£
Cost
At 1 January 2021 591
At 31 December 2021 591
Depreciation
At 31 December 2021 -
Net book value
At 31 December 2021 591
At 31 December 2020 591
Freehold property represents the cost of the reversionary interest in 41 Sydenham Hill, Cotham.
4 Creditors: amounts falling due within one year 2021 2020
£ £
Other creditors 591 393
5 Controlling party
The company is controlled by the share holders who each own 25% of the company.
6 Other information
41 Sydenham Hill Management Company Ltd is a private company limited by shares and incorporated in England. Its registered office is:
41 Sydenham Hill
Cotham
Bristol
BS6 5SL
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