87 Holmdene Avenue Company Limited
Registered number: 04391981
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,675 4,675
Current assets
Debtors 4 2,490 1,753
Cash at bank and in hand 813 1,004
3,303 2,757
Creditors: amounts falling due within one year 5 (3,303) (2,757)
Net current assets - -
Net assets 4,675 4,675
Capital and reserves
Called up share capital 3 3
Profit and loss account 4,672 4,672
Shareholders' funds 4,675 4,675
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.
R. Allen
Director
Approved by the board on 30 June 2023
87 Holmdene Avenue Company Limited
Notes to the Accounts
for the year ended 31 March 2023
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).
Maintenance costs are met from equal service charges to the three lessees. The Maintenance Fund is kept at a level sufficient to meet the estimated cost of all recurring cyclical expenditure. The fund balance isheld on behalf of the lessees who bear the cost of the company's expenditure.
Tangible fixed assets
Tangible fixed assets are measured at cost and are not depreciated.
Debtors
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.
Creditors
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2022 4,675
At 31 March 2023 4,675
Net book value
At 31 March 2023 4,675
At 31 March 2022 4,675
4 Debtors 2023 2022
£ £
Service charges 2,402 1,702
Other debtors 88 51
2,490 1,753
The service charges are due from the following properties:
Flat 1 42 -108
Flat 2 -275 -275
Flat 3 2635 2085
2402 1702
5 Creditors: amounts falling due within one year 2023 2022
£ £
Loan from leasholder Flat 2 922 910
Balance held on behalf of lessees 1,975 1,447
Other creditors 406 400
3,303 2,757
6 Related party transactions
The Directors of the company are lessees of flats in 87 Holmdene Avenue and therefore share in the service charges payable to the company. These charges are at the same amounts and on the same terms as all lessees.
The shareholders have agreed to extend the leases on the properties to 999 years from the same date, this will be reflected in the accounts for the year ended 31 March 2024.
7 Other information
87 Holmdene Avenue Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
87 Holmdene Avenue
Herne Hill
London
SE24 9LD
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