145 London Road Limited 05101627 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is that of management of the residential property known as 145 London Road on behalf of the leaseholders. Digita Accounts Production Advanced 6.30.9574.0 true true 05101627 2022-05-01 2023-04-30 05101627 2023-04-30 05101627 core:OtherReservesSubtotal 2023-04-30 05101627 core:RetainedEarningsAccumulatedLosses 2023-04-30 05101627 core:ShareCapital 2023-04-30 05101627 core:CurrentFinancialInstruments 2023-04-30 05101627 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 05101627 core:LandBuildings 2023-04-30 05101627 bus:SmallEntities 2022-05-01 2023-04-30 05101627 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 05101627 bus:FullAccounts 2022-05-01 2023-04-30 05101627 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 05101627 bus:RegisteredOffice 2022-05-01 2023-04-30 05101627 bus:Director1 2022-05-01 2023-04-30 05101627 bus:Director5 2022-05-01 2023-04-30 05101627 bus:Director7 2022-05-01 2023-04-30 05101627 bus:Director8 2022-05-01 2023-04-30 05101627 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 05101627 core:Buildings 2022-05-01 2023-04-30 05101627 countries:EnglandWales 2022-05-01 2023-04-30 05101627 2022-04-30 05101627 core:LandBuildings 2022-04-30 05101627 2021-05-01 2022-04-30 05101627 2022-04-30 05101627 core:OtherReservesSubtotal 2022-04-30 05101627 core:RetainedEarningsAccumulatedLosses 2022-04-30 05101627 core:ShareCapital 2022-04-30 05101627 core:CurrentFinancialInstruments 2022-04-30 05101627 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 05101627 core:LandBuildings 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 05101627

145 London Road Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 April 2023

 

145 London Road Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

145 London Road Limited

Company Information

Directors

P Bulmer

K Bundgarrd

J Sinha

M Gemei

Registered office

Ground Floor Flat
145 London Road
St Leonards on Sea
East Sussex
TN37 6AU

Accountants

Manningtons
7 Wellington Square
Hastings
East Sussex
TN34 1PD

 

145 London Road Limited

(Registration number: 05101627)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

8,091

8,091

Current assets

 

Debtors

5

935

755

Cash at bank and in hand

 

7,300

6,324

 

8,235

7,079

Creditors: Amounts falling due within one year

6

(458)

(409)

Net current assets

 

7,777

6,670

Net assets

 

15,868

14,761

Capital and reserves

 

Called up share capital

4

4

Other reserves

8,066

8,066

Retained earnings

7,798

6,691

Shareholders' funds

 

15,868

14,761

For the financial year ending 30 April 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 8 November 2023 and signed on its behalf by:
 

 

145 London Road Limited

(Registration number: 05101627)
Balance Sheet as at 30 April 2023

.........................................
P Bulmer
Director

 

145 London Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor Flat
145 London Road
St Leonards on Sea
East Sussex
TN37 6AU

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

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

Revenue recognition

Turnover comprises the service charge fees received or receivable for the maintenance of the estate in the ordinary course of company’s activities.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

145 London Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold

0% Straight Line

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 leaseholders for unpaid maintenance fees.

Trade debtors are recognised initially at the amount owing to the company. 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 at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

145 London Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 May 2022

8,091

8,091

At 30 April 2023

8,091

8,091

Depreciation

Carrying amount

At 30 April 2023

8,091

8,091

At 30 April 2022

8,091

8,091

Included within the net book value of land and buildings above is £8,091 (2022 - £8,091) in respect of freehold land and buildings.
 

5

Debtors

2023
£

2022
£

Prepayments

935

755

935

755

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

13

13

Accruals and deferred income

445

396

458

409