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COMPANY REGISTRATION NUMBER: 01951597
22 Avenue Road Management Company Limited
Filleted Unaudited Financial Statements
31 March 2023
22 Avenue Road Management Company Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
4
1
1
Current assets
Debtors
5
20,982
57,464
Investment
6
175,000
175,000
Cash at bank and in hand
231,065
184,885
---------
---------
427,047
417,349
Creditors: amounts falling due within one year
7
62,308
4,234
---------
---------
Net current assets
364,739
413,115
---------
---------
Total assets less current liabilities
364,740
413,116
---------
---------
Net assets
364,740
413,116
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
364,640
413,016
---------
---------
Shareholders funds
364,740
413,116
---------
---------
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 income and retained earnings has not been delivered.
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.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
22 Avenue Road Management Company Limited
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 6 November 2023 , and are signed on behalf of the board by:
S J Saady
Director
Company registration number: 01951597
22 Avenue Road Management Company 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 Suite C2, Symal House, 423 Edgware Road, London, NW9 9HU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Income tax
The taxation expense represents the aggregate amount of current tax
Tangible assets
Tangible assets are initially recorded at cost.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Freehold property
£
Cost
At 1 April 2022 and 31 March 2023
1
----
Depreciation
At 1 April 2022 and 31 March 2023
----
Carrying amount
At 31 March 2023
1
----
At 31 March 2022
1
----
Tangible fixed assets represent the Company's share of the freehold of 22 Avenue Road, which was transferred from Union General Properties Limited on 21 September 1989 for £1. The property is subject to long leases at an annual ground rent of £500.
5. Debtors
2023
2022
£
£
Other debtors
20,982
57,464
--------
--------
6. Investment
2023
2022
£
£
Listed investments (market value £183,862)
175,000
175,000
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
1,753
1,906
Other creditors
60,555
2,328
--------
-------
62,308
4,234
--------
-------
8. Controlling party
The company is a subsidiary undertaking of UGP (Overseas) Limited , a company incorporated in England.