Greater Hammersmith 05774310 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Business Improvement District Arrangement. Digita Accounts Production Advanced 6.30.9574.0 true true 05774310 2022-04-01 2023-03-31 05774310 2023-03-31 05774310 core:CurrentFinancialInstruments 2023-03-31 05774310 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05774310 bus:SmallEntities 2022-04-01 2023-03-31 05774310 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05774310 bus:FullAccounts 2022-04-01 2023-03-31 05774310 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 05774310 bus:RegisteredOffice 2022-04-01 2023-03-31 05774310 bus:Director1 2022-04-01 2023-03-31 05774310 bus:Director2 2022-04-01 2023-03-31 05774310 bus:Director6 2022-04-01 2023-03-31 05774310 bus:CompanyLimitedByGuarantee 2022-04-01 2023-03-31 05774310 countries:EnglandWales 2022-04-01 2023-03-31 05774310 2021-04-01 2022-03-31 05774310 2022-03-31 05774310 core:CurrentFinancialInstruments 2022-03-31 05774310 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 05774310

Greater Hammersmith

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Greater Hammersmith

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Greater Hammersmith

Company Information

Directors

Mr A Sondhi

Mr J Moran

Mr Michael William Gowan Sloan

Registered office

Ground Floor
Colet Court
100 Hammersmith Road
London
W6 7JP

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

Greater Hammersmith

(Registration number: 05774310)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

19,933

5,655

Cash at bank and in hand

 

30,879

141,161

 

50,812

146,816

Creditors: Amounts falling due within one year

5

(41,668)

(107,340)

Net assets

 

9,144

39,476

Reserves

 

Retained earnings

9,144

39,476

Surplus

 

9,144

39,476

For the financial 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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 November 2023 and signed on its behalf by:
 

.........................................
Mr A Sondhi
Director

   
     
 

Greater Hammersmith

Notes to the Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Ground Floor
Colet Court
100 Hammersmith Road
London
W6 7JP
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Greater Hammersmith

Notes to the Financial Statements for the Year Ended 31 March 2023

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The directors consider that there are no key judgements that management have made in the process of applying the company's accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Greater Hammersmith

Notes to the Financial Statements for the Year Ended 31 March 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other debtors and creditors.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash consideration expected to be paid or received.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 6).

 

Greater Hammersmith

Notes to the Financial Statements for the Year Ended 31 March 2023

4

Debtors

Current

2023
£

2022
£

Trade debtors

4,962

-

Other debtors

14,971

5,655

 

19,933

5,655

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

35,481

63,529

Taxation and social security

4,240

41,373

Accruals and deferred income

1,750

1,750

Other creditors

197

688

41,668

107,340