Company Registration No. 01411087 (England and Wales)
ESTMANCO (LOVELACE ROAD)
LIMITED
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
24 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
ESTMANCO (LOVELACE ROAD) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ESTMANCO (LOVELACE ROAD) LIMITED
Company Registration No. 01411087
BALANCE SHEET
AS AT
24 MARCH 2023
24 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
2
784
784
Current assets
Debtors
3
1,332
193
Cash at bank and in hand
50,007
68,655
51,339
68,848
Creditors: amounts falling due within one year
4
(5,609)
(6,792)
Net current assets
45,730
62,056
Total assets less current liabilities
46,514
62,840
Capital and reserves
Called up share capital
5
24
24
Capital reserve
6
840
840
Contingency reserve
7
45,650
61,976
Total equity
46,514
62,840

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 24 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 17 August 2023 and are signed on its behalf by:
S Mead
Director
ESTMANCO (LOVELACE ROAD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 MARCH 2023
- 2 -
1
Accounting policies
Company information

Estmanco (Lovelace Road) Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Rectory, Church Street, Weybridge, Surrey, KT13 8DE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for residents property management services provided and represents the total service charges receivable by the company during the year.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Freehold land and assets in the course of construction are not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of four months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

ESTMANCO (LOVELACE ROAD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 24 MARCH 2023
- 3 -
2
Tangible fixed assets
Land and buildings
£
Cost
At 25 March 2022 and 24 March 2023
784
Depreciation and impairment
At 25 March 2022 and 24 March 2023
-
0
0
Carrying amount
At 24 March 2023
784
At 24 March 2022
784
3
Debtors and prepayments
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
1,050
50
Other debtors
282
143
1,332
193
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,250
1,500
Other creditors
4,359
5,292
5,609
6,792
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
24
24
24
24
6
Capital reserve

To finance the acquisition of the freehold property in 1992 each shareholder contributed £35 which has been credited to the capital reserve.

ESTMANCO (LOVELACE ROAD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 24 MARCH 2023
- 4 -
7
Contingency reserve

The contingency reserve represents advance contributions by the lessees towards repairs and redecoration and full obligations set out in the Lease of Part, relating to the property and communal areas comprising Lawson Court in Lovelace Road.

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