REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 SEPTEMBER 2023 |
FOR |
KING EDWARD COURT (FREEHOLD) LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 SEPTEMBER 2023 |
FOR |
KING EDWARD COURT (FREEHOLD) LIMITED |
KING EDWARD COURT (FREEHOLD) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 28 SEPTEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
3 Durrant Road |
Bournemouth |
Dorset |
BH2 6NE |
KING EDWARD COURT (FREEHOLD) LIMITED (REGISTERED NUMB |
BALANCE SHEET |
28 SEPTEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
KING EDWARD COURT (FREEHOLD) LIMITED (REGISTERED NUMB |
BALANCE SHEET - continued |
28 SEPTEMBER 2023 |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
KING EDWARD COURT (FREEHOLD) LIMITED (REGISTERED NUMB |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 SEPTEMBER 2023 |
1. | STATUTORY INFORMATION |
King Edward Court (Freehold) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
The turnover shown in the profit and loss account represents ground rent invoiced during the year. |
Tangible fixed assets |
All fixed assets are initially recorded at cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST |
At 29 September 2022 |
Disposals | ( |
) |
At 28 September 2023 |
NET BOOK VALUE |
At 28 September 2023 |
At 28 September 2022 |
The value of the freehold property has been written down to a nil value in respect of the 19 flats (out of 20) that either participated in the freehold purchase or been granted new long leases. The value in respect of those flats is in the leasehold interest rather than the original cost to the company of acquiring the freehold. |
12 lessees initially provided the funds for the company to acquire the freehold reversion of the property and for the right to extend their leases. In addition, each would be entitled to receive an equal share of any future contribution received from lessees wishing to extend their leases. |
KING EDWARD COURT (FREEHOLD) LIMITED (REGISTERED NUMB |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 SEPTEMBER 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Due from service charge |
accounts |
Corporation tax |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Ground rents in advance |
Sundry creditors |
Accruals and deferred income |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Members loan for |
freehold purchase |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 19 | 18 |
1 Ordinary share of £1 was allotted and fully paid for |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
KING EDWARD COURT (FREEHOLD) LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of King Edward Court (Freehold) Limited for the year ended 28 September 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of King Edward Court (Freehold) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of King Edward Court (Freehold) Limited and state those matters that we have agreed to state to the Board of Directors of King Edward Court (Freehold) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than King Edward Court (Freehold) Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that King Edward Court (Freehold) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of King Edward Court (Freehold) Limited. You consider that King Edward Court (Freehold) Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of King Edward Court (Freehold) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
3 Durrant Road |
Bournemouth |
Dorset |
BH2 6NE |