Registration number:
50 Stockbridge Road Limited
for the Year Ended 31 March 2023
50 Stockbridge Road Limited
Contents
Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
50 Stockbridge Road Limited
(Registration number: 09962798)
Abridged Balance Sheet as at 31 March 2023
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2022 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net (liabilities)/assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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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.
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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 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 and the option not to file the Profit and Loss Account has been taken.
All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
O S Mitchell
Director
50 Stockbridge Road Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Statement of compliance
These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These abridged 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.
Going concern
The financial statements have been prepared on a going concern basis. Of the company's liabilities at the year end an amount is owed to connected companies, the directors of which have agreed not to demand repayment of this amount for at least one year after the date of the approval of these accounts to the extent that any such repayment would jeopardise the future of the company. The parent company and directors have agreed that they will continue to provide financial support for at least 12 months from the date of approval of these accounts.
Revenue recognition
Turnover comprises the fair value of the rental income received or receivable in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
50 Stockbridge Road Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023
Investment property
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Tangible assets |
Investment properties
2023 |
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At 1 April |
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The properties have been revalued by a director at Open Market Value.
There has been no valuation of investment property by an independent valuer.
Related party transactions |
Summary of transactions with other related parties
A charge dated 23 February 2016 is held by Svenska Handelsbanken AB over the property and assets of 50 Stockbridge Road Ltd up to the value of £716,000, in respect of the loan held by Ovington Park Properties 2013 Ltd.
Parent and ultimate parent undertaking |
The company's immediate parent is