AZENBY FLAT MANAGEMENT COMPANY LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Azenby Flat Management Company Limited ("the Company") is a private company limited by guarantee and incorporated in England and Wales. Its registered office is 395 Centennial Park, Elstree, Herts, WD6 3TJ.
The Company's principal activity during the year under review was the control, supervision and management on behalf of its owners, of the site known as Shurland Avenue, East Barnet, London, EN4 8DE.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
In accordance with the terms of the leases and deeds of covenant, revenue comprises recharges of directly incurred expenses of the site known as Shurland Avenue, East Barnet, London, EN4 8DE.
Interest income is recognised in profit or loss using the effective interest method.
Short-term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price.
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