Company Registration No. 02636334 (England and Wales)
VERULAM COURT LIMITED
ABRIDGED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
VERULAM COURT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
VERULAM COURT LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
98,852
98,852
Current assets
Debtors
5
12,298
11,236
Cash at bank and in hand
296,420
267,196
308,718
278,432
Creditors: amounts falling due within one year
6
(235,337)
(211,827)
Net current assets
73,381
66,605
Net assets
172,233
165,457
Capital and reserves
Called up share capital
76,000
76,000
Share premium account
4,200
4,200
Profit and loss reserves
92,033
85,257
Total equity
172,233
165,457

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 19 July 2023 and are signed on its behalf by:
SM Bukhari
Director
Company Registration No. 02636334
VERULAM COURT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 2 -
1
Accounting policies
Company information

Verulam Court Limited is a private company limited by shares incorporated in England and Wales. The registered office is Balfour House, 741 High Road, Finchley, London, N12 0BP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold property
Nil depreciation
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
5
5
3
Dividends
2023
2022
£
£
Final proposed
6,650
15,200
VERULAM COURT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 3 -
4
Tangible fixed assets
Leasehold property
£
Cost
At 1 March 2022 and 28 February 2023
98,852
Depreciation and impairment
At 1 March 2022 and 28 February 2023
-
0
Carrying amount
At 28 February 2023
98,852
At 28 February 2022
98,852
The leasehold property (210 Verulam Court) which is recorded at cost, has a current market value of £400,000, based on recent market transactions on arm's length terms for similar properties.
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
5,593
100
Other debtors
2,205
6,636
Prepayments
4,500
4,500
12,298
11,236
6
Creditors: amounts falling due within one year
2023
2022
£
£
Lease extension account
219,554
189,954
Dividends payable
9,050
15,200
Other creditors
5,580
5,580
Accruals
1,153
1,093
235,337
211,827
2023-02-282022-03-01false19 July 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityJ E AndersonSyed BukhariKamal KhanHamilton Chase Estates Limited02636334026363342022-03-012023-02-28026363342023-02-28026363342022-02-2802636334core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-02-2802636334core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-02-2802636334core:CurrentFinancialInstrumentscore:WithinOneYear2023-02-2802636334core:CurrentFinancialInstrumentscore:WithinOneYear2022-02-2802636334core:CurrentFinancialInstruments2023-02-2802636334core:CurrentFinancialInstruments2022-02-2802636334core:ShareCapital2023-02-2802636334core:ShareCapital2022-02-2802636334core:SharePremium2023-02-2802636334core:SharePremium2022-02-2802636334core:RetainedEarningsAccumulatedLosses2023-02-2802636334core:RetainedEarningsAccumulatedLosses2022-02-2802636334bus:Director22022-03-012023-02-28026363342021-03-012022-02-2802636334core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-02-2802636334bus:PrivateLimitedCompanyLtd2022-03-012023-02-2802636334bus:SmallCompaniesRegimeForAccounts2022-03-012023-02-2802636334bus:FRS1022022-03-012023-02-2802636334bus:AuditExemptWithAccountantsReport2022-03-012023-02-2802636334bus:Director12022-03-012023-02-2802636334bus:Director32022-03-012023-02-2802636334bus:CompanySecretary12022-03-012023-02-2802636334bus:FullAccounts2022-03-012023-02-28xbrli:purexbrli:sharesiso4217:GBP