Company registration number:
01782462
Abingdon Court Freehold Limited
Unaudited filleted financial statements
31 March 2023
Abingdon Court Freehold Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Abingdon Court Freehold Limited
Directors and other information
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Directors |
M A Forsyth |
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V Guiraud |
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E Bacon |
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C Magnus |
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T Pitsillides |
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Secretary |
M A Forsyth |
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Company number |
01782462 |
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Registered office |
2 Tolherst Court |
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Turkey Mill Business Park, Ashford Road |
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Maidstone |
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Kent |
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ME14 5SF |
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Accountants |
Couch Bright King & Co |
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2 Tolherst Court |
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Turkey Mill Business Park, Ashford Road |
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Maidstone |
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Kent |
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ME14 5SF |
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Abingdon Court Freehold Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Abingdon Court Freehold Limited
Year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Abingdon Court Freehold Limited for the year ended 31 March 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Couch Bright King & Co
Chartered Accountants
2 Tolherst Court
Turkey Mill Business Park, Ashford Road
Maidstone
Kent
ME14 5SF
24 October 2023
Abingdon Court Freehold Limited
Statement of financial position
31 March 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Debtors |
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6 |
1,473 |
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3,007 |
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Cash at bank and in hand |
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33,659 |
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33,647 |
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_______ |
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_______ |
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35,132 |
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36,654 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
1,826) |
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(
3,651) |
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_______ |
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_______ |
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Net current assets |
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33,306 |
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33,003 |
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_______ |
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_______ |
Total assets less current liabilities |
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33,306 |
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33,003 |
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_______ |
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Net assets |
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33,306 |
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33,003 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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57 |
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57 |
Capital redemption reserve |
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39,754 |
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39,754 |
Profit and loss account |
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(
6,505) |
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(
6,808) |
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_______ |
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_______ |
Shareholders funds |
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33,306 |
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33,003 |
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_______ |
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_______ |
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For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
24 October 2023
, and are signed on behalf of the board by:
M A Forsyth
Director
Company registration number:
01782462
Abingdon Court Freehold Limited
Notes to the financial statements
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Tolherst Court, Turkey Mill Business Park, Ashford Road, Maidstone, Kent, ME14 5SF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover consists of rent receivable.
4.
Tangible Fixed Assets
All members of the Company have subscribed collectively to the cost of forming the company and acquiring the freehold of Abingdon Court, in exchange for extended leases. In the opinion of the directors the open market value of the freehold reversion is nil.
5.
Fixed Asset Investments
The company holds 100 B Ordinary Shares of 5 pence each in Abingdon Court (Tenants) Kensington Limited, which manages the company's property. All (57) tenants are also members, each holding 1 A Ordinary share of £1. The cost of acquisition of the company's shareholding was nil and these shares have only nominal value.
6.
Debtors
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2023 |
2022 |
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£ |
£ |
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Other debtors |
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1,473 |
3,007 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Other creditors |
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1,826 |
3,651 |
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_______ |
_______ |
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8.
Related party transactions
Abingdon Court (Tenants) Kensington Limited, a company under common control, acts as trustee for the service charge funds contributed by the tenants of Abingdon Court, London W8.