Company registration number 01295392 (England and Wales)
LINDEN GARDENS (MAINTENANCE) COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
LINDEN GARDENS (MAINTENANCE) COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
LINDEN GARDENS (MAINTENANCE) COMPANY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
9,079
8,066
Cash at bank and in hand
19,229
38,786
28,308
46,852
Creditors: amounts falling due within one year
4
(28,200)
(46,744)
Net current assets
108
108
Capital and reserves
-
-
Called up share capital
108
108

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 31 March 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 20 November 2023 and are signed on its behalf by:
V Wheldon
Director
Company registration number 01295392 (England and Wales)
LINDEN GARDENS (MAINTENANCE) COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

Linden Gardens (Maintenance) Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o Vanessa Wheldon, Flat 1, 1 Linden Gardens, London, W2 4HA.

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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

1.2
Turnover

The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK. The company is not registered for VAT.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. The company has no bank loans or other more complex financial instruments that require measurement at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons employed by the company (including directors) during the year was 5 (2022 - 5).

LINDEN GARDENS (MAINTENANCE) COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
9,079
8,066
4
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
28,200
46,744
5
Non-Trading activity
2023
2022
£
£
Service charges receivable
23,409
22,992
Related expenditure and sums set aside
(41,594)
(22,992)
Offset against retained surplus brought forward
18,185
-
0
-
0
-

The company deals with the collection of service charges from lessees of a residential apartment block and payment of related expenditure in accordance with the terms of the leases and the demises therein. This activity is not carried on with a view to making a profit, and as such is not a trade and no provision for taxation is required.

6
Control

No shareholder had overall control in the current or previous year. The directors' interests are limited to the extent that they are leaseholders in the property.

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