Registered number
12566871
77 Outram Road Croydon Limited
Filleted Accounts
30 April 2023
77 Outram Road Croydon Limited
Registered number: 12566871
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 32,605 32,605
Current assets
Cash at bank and in hand 40 4
Creditors: amounts falling due within one year 4 (2,984) (1,609)
Net current liabilities (2,944) (1,605)
Net assets 29,661 31,000
Capital and reserves
Called up share capital 31,000 31,000
Profit and loss account (1,339) -
Shareholders' funds 29,661 31,000
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Alexander Miller
Director
Approved by the board on 31 January 2024
77 Outram Road Croydon Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2022 32,605
At 30 April 2023 32,605
Depreciation
At 30 April 2023 -
Net book value
At 30 April 2023 32,605
At 30 April 2022 32,605
The director considers that the fair value of the freehold property at 30 April 2023 remains at £32,605 which represents the original cost.
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 960 -
Other creditors 2,024 1,609
2,984 1,609
5 Related party transactions
As at 30 April 2023 the director was owed £1,640 from the company (2022: £1,609) which represents his loan account balance. The loan is interest free and repayable on demand.
6 Controlling party
The controlling parties of the company were Mr Alexander Miller and Mrs Ann Miller each owning 50% of the company's share capital.
7 Other information
77 Outram Road Croydon Limited is a private company limited by shares and incorporated in England. Its registered office is:
77 Outram Road
Croydon
Surrey
CR0 6XJ
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