REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements |
For The Year Ended 31 December 2022 |
for |
33 AND 35 COURTFIELD ROAD MANAGEMENT |
COMPANY LIMITED |
REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements |
For The Year Ended 31 December 2022 |
for |
33 AND 35 COURTFIELD ROAD MANAGEMENT |
COMPANY LIMITED |
33 AND 35 COURTFIELD ROAD MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 01781349) |
Contents of the Financial Statements |
For The Year Ended 31 December 2022 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
33 AND 35 COURTFIELD ROAD MANAGEMENT |
COMPANY LIMITED |
Company Information |
For The Year Ended 31 December 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
T/A Lees-Buckley & Co |
16 Northfields Prospect |
Putney Bridge Road |
London |
SW18 1PE |
33 AND 35 COURTFIELD ROAD MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 01781349) |
Report of the Directors |
For The Year Ended 31 December 2022 |
The directors present their report with the financial statements of the company for the year ended 31 December 2022. |
PRINCIPAL ACTIVITY |
The company's principal activity during the year was the management of the property at 33/35 Courtfield Road, London SW7. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 January 2022 to the date of this report. |
Other changes in directors holding office are as follows: |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
33 AND 35 COURTFIELD ROAD MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 01781349) |
Income Statement |
For The Year Ended 31 December 2022 |
31.12.22 | 31.12.21 |
Notes | £ | £ |
TURNOVER |
Administrative expenses | ( |
) | ( |
) |
12,705 | (742 | ) |
Other operating income | 3 |
OPERATING PROFIT | 5 |
Interest payable and similar expenses | ( |
) |
PROFIT BEFORE TAXATION |
Tax on profit |
PROFIT FOR THE FINANCIAL YEAR |
33 AND 35 COURTFIELD ROAD MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 01781349) |
Balance Sheet |
31 December 2022 |
31.12.22 | 31.12.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
Investment property | 7 |
CURRENT ASSETS |
Debtors | 8 |
Cash at bank | 9 |
CREDITORS |
Amounts falling due within one year | 10 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 11 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 12 |
Retained earnings | 13 | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
33 AND 35 COURTFIELD ROAD MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 01781349) |
Balance Sheet - continued |
31 December 2022 |
The financial statements were approved by the Board of Directors and authorised for issue on |
33 AND 35 COURTFIELD ROAD MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 01781349) |
Notes to the Financial Statements |
For The Year Ended 31 December 2022 |
1. | STATUTORY INFORMATION |
33 And 35 Courtfield Road Management Company Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents fees received in the year. |
Investment property |
Investment property is shown at book value. |
3. | OTHER OPERATING INCOME |
31.12.22 | 31.12.21 |
£ | £ |
Members' contribution to |
company expenses | - | 840 |
The company received contributions from the lessees of 33/35 Courtfield Road, London SW7 in respect of its administrative expenses and the management of the property. The movement of those funds during the year was as follows; |
31.12.22 | 31.12.21 |
£ | £ | £ |
Contributions Receivable From Lessees: | 51,782 | 0 |
Expenditure: |
Service Charge Expenditure | 28,608 | 34,348 |
Non Annual Expenditure | 34,986 | 0 |
Contribution To Administrative Expenses Of 33 And 35 |
Courtfield Road Management Company Limited | 0 | 840 |
63,594 | 35,188 |
(11,812 | ) | (35,188 | ) |
Transfer From/(To) Reserve Fund: |
From Reserve To Fund Expenditure For The Year | 0 | 35,188 |
To Reserve Surplus Brought Forward | 0 | (3,498 | ) |
Transfer To Reserve From Current Year Demands | (23,174 | ) | 0 |
From Reserve To Fund Non Annual Expenditure | 34,986 | 0 |
11,812 |
Funds Due To Lessees At 31st December 2021 | 0 | 3,498 |
Funds Due To Lessees At 31st December 2022 | 0 | 0 |
33 AND 35 COURTFIELD ROAD MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 01781349) |
Notes to the Financial Statements - continued |
For The Year Ended 31 December 2022 |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2021 - NIL). |
5. | OPERATING PROFIT |
The operating profit is stated after charging: |
31.12.22 | 31.12.21 |
£ | £ |
Depreciation - owned assets |
6. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
Additions |
At 31 December 2022 |
DEPRECIATION |
Charge for year |
At 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
7. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 January 2022 |
and 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 December 2021 |
The company owns the freehold reversionary interest in 33/35 Courtfield Road, London SW7. |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.12.21 |
£ | £ |
Lessee arrears |
Other debtors |
Prepayments and accrued income |
33 AND 35 COURTFIELD ROAD MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 01781349) |
Notes to the Financial Statements - continued |
For The Year Ended 31 December 2022 |
9. | CASH AT BANK |
31.12.22 | 31.12.21 |
£ | £ |
Bank accounts | 220,530 | 182,770 |
Cash at bank and in hand represents funds held in trust in bank accounts in the name 33 And 35 Courtfield Management Ltd. |
10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.12.21 |
£ | £ |
Trade creditors |
Corporation tax |
Lessee account balances | - | 4,237 |
Other creditors |
Accrued expenses |
11. | PROVISIONS FOR LIABILITIES |
Service charge reserves |
31.12.22 | 31.12.21 |
Lift | General | Total | Total |
£ | £ | £ | £ |
Balance at 01.01.22 | 0 | 171,932 | 171,932 | 203,622 |
2020 Service Charge Surplus And Company Demands Balance (Note 3) | 0 | 0 | 0 | 3,498 |
To Service Charge To Fund 2021 Expenditure (Note 3) | 0 | 0 | 0 | (35,188 | ) |
Interest received | 9 | 18 | 27 | 0 |
Transfer to Fund Non Annual Expenditure (Note 3) | 0 | (34,986 | ) | (34,986 | ) | 0 |
Transfer To Reserve From Current Year demands (Note 3) | 12,983 | 10,191 | 23,174 | 0 |
Balance at 31.12.22 | 12,992 | 147,155 | 160,147 | 171,932 |
12. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.22 | 31.12.21 |
value: | £ | £ |
ordinary | £1 | 12,596 | 12,596 |
13. | RESERVES |
Retained |
earnings |
£ |
At 1 January 2022 | ( |
) |
Profit for the year |
At 31 December 2022 |