REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
FOR |
PURDEY COURT LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
FOR |
PURDEY COURT LIMITED |
PURDEY COURT LIMITED (REGISTERED NUMBER: 04532507) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 28 February 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
PURDEY COURT LIMITED |
COMPANY INFORMATION |
For The Year Ended 28 February 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1st Floor |
Ocean Village Innovation Centre |
Ocean Way |
Southampton |
Hampshire |
SO14 3JZ |
PURDEY COURT LIMITED (REGISTERED NUMBER: 04532507) |
BALANCE SHEET |
28 February 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
PURDEY COURT LIMITED (REGISTERED NUMBER: 04532507) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 28 February 2023 |
1. | STATUTORY INFORMATION |
Purdey Court Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover consists of ground rent collected in the period. |
Tangible fixed assets |
The property is held for investment and not for consumption and the directors consider that to depreciate it would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which otherwise would have been charged cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view. |
Service charge funds |
The company is responsible for the management of the property known as Purdey Court and has instructed a managing agent to collect service charges from lessees in order to fund expenditure incurred in the management of the property. The service charge funds are held in trust on behalf of the leaseholders as required by Section 42 of the Landlord & Tenant Act 1987. All service charge transactions relating to the management of the property are reported separately and are excluded from the company's financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
At 1 March 2022 |
and 28 February 2023 |
NET BOOK VALUE |
At 28 February 2023 |
At 28 February 2022 |
This provisionally values one unextended lease for which Purdey Court Limited retains a beneficial interest at £55,000, according to the calculator of the Lease Advisory Scheme Service using reasonable assumptions. It includes the original value of £4,561. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |