Registered number
04621600
60 Grenville Road Management Limited
Filleted Accounts
31 March 2023
60 Grenville Road Management Limited
Registered number: 04621600
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 54,608 55,722
Current assets
Debtors 4 1,167 278
Cash at bank and in hand 7,084 8,121
8,251 8,399
Creditors: amounts falling due within one year 5 (1,654) (1,680)
Net current assets 6,597 6,719
Net assets 61,205 62,441
Capital and reserves
Called up share capital 252 252
Share premium 60,550 60,550
Profit and loss account 403 1,639
Shareholders' funds 61,205 62,441
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.
T E Watt
Director
Approved by the board on 9 June 2023
60 Grenville Road Management 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represent the Service Charges and Ground Rents rendered to the tenants of the flats at 60 Grenville Road, London N19.
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 land and buildings over 50 years
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 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2022 55,722
Depreciation
Charge for the year 1,114
At 31 March 2023 1,114
Net book value
At 31 March 2023 54,608
At 31 March 2022 55,722
4 Debtors 2023 2022
£ £
Trade debtors 887 45
Other debtors 280 233
1,167 278
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 1,654 1,680
6 Related party transactions 2023 2022
£ £
S H Roth (Ms) (Dec'd)
Director and shareholder
Service charges and ground rent paid on two flats 1,177 1,177
Loan to company for freehold acquisition 15,000
Subscription for new share (15,000)
Amount due from/(to) the related party 842 (41)
T E Watt
Director and shareholder
Service charges and ground rent paid on a flat 1,199 1,199
Loan to company for freehold acquisition - 7,500
Subscription for new share (7,500)
Amount due (to) the related party (1,250) (1,250)
S F Spector
Director
Fees payable for accountancy work. 330 315
Amount due (to) the related party (330) (315)
S L Ward (Ms)
Director and shareholder
Service charges and ground rent paid on a flat 511 511
Loan to company for freehold acquisition - 7,500
Subscription for new share (7,500)
Amount due (to) the related party (12) (12)
C Bolton (Ms)
Director and shareholder
Service charges and ground rent paid on a flat 600 600
Loan to company for freehold acquisition - 7,500
Subscription for new share (7,500)
Amount due (to) the related party (50) (50)
I Frank
Shareholder
Service charges and ground rent paid on a flat 1,038 1,038
Loan to company for freehold acquisition - 7,500
Subscription for new share (7,500)
Amount due from/(to) the related party 8 8
P Hill
Shareholder
Service charges and ground rent paid on a flat 654 654
Loan to company for freehold acquisition 7,500
Subscription for new share (7,500)
Amount due from/ (to) the related party 38 38
7 Other information
60 Grenville Road Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
60 Grenville Road
London
N19 4EH
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