05083564falsethe management and maintenance of properties at 1,7,8,9 and 19 to 34 King Henry Mews and 88 High Street, Harrow on the Hill2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director22023-01-012023-12-31http://www.companieshouse.gov.uk/cd:Director32023-01-012023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2022-01-012022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05083564
KINGS HEAD FLAT MANAGEMENT LIMITED
REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Prepared By:
Reed-Ransted
Chartered Accountants
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
KINGS HEAD FLAT MANAGEMENT LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
DIRECTORS
P Ostwind
T Shortall
S Halim (to 13/12/2023)
SECRETARY
Stephen J Woodward Limited
REGISTERED OFFICE
The Old Fire Station
90 High Street
Harrow on the Hill
Middlesex
HA1 3LP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05083564
ACCOUNTANTS
Reed-Ransted
Chartered Accountants
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
KINGS HEAD FLAT MANAGEMENT LIMITED
ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2023
CONTENTS
Page
Directors' Report3
Accountants' Report4
Statement Of Comprehensive Income5
Balance Sheet6
Notes To The Accounts7
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
KINGS HEAD FLAT MANAGEMENT LIMITED
DIRECTORS' REPORT
FOR THEYEARENDED31 December 2023
The directors present their report and accounts for theyearended31 December 2023
DIRECTORS
The directors who served during theyearwere as follows:
P Ostwind
T Shortall
S Halim (to 13/12/2023)
STATEMENT OF DIRECTORS RESPONSIBILITIES
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulation.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements the directors are required to:
- Select suitable accounting policies and then apply them consistently;
- Make judgements and accounting estimates that are reasonable and prudent;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The report of the directors has been prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the board on9 February 2024
Stephen J Woodward Limited
Secretary
KINGS HEAD FLAT MANAGEMENT LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS
OF KINGS HEAD FLAT MANAGEMENT LIMITED, FOR THE YEAR ENDED 31 DECEMBER 2023
In order to assist you to fulfill your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kings Head Flat Management Limited for the year ended 31 December 2023 as set out on pages 5 to (1) from the company's accounting records and from information and explanations you have given us.
As a practising member of the Institute of Chartered Accountants in England & Wales, we are subject to its ethical and other professional requirements which are detailed on their website.
This report is made solely to the Board of Directors of Kings Head Flat Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Kings Head Flat Management Limited and state those matters that we have agreed to state to the Board of Directors of Kings Head Flat Management Limited, as a body, in this report, in accordance with the requirements of the Institute of Chartered Accountants in England & Wales as detailed on their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kings Head Flat Management Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kings Head Flat Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability of Kings Head Flat Management Limited. You consider that Kings Head Flat Management 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 accounts of Kings Head Flat Management 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 accounts.
Reed-Ransted
Chartered Accountants
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
9 February 2024
KINGS HEAD FLAT MANAGEMENT LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THEYEARENDED31 December 2023
Notes20232022
££
TURNOVER242,54235,806
GROSS PROFIT42,54235,806
Administrative expenses(34,311)(27,668)
OPERATING PROFIT8,2318,138
Interest receivable and similar income31031
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION8,5418,169
PROFIT ON ORDINARY ACTIVITIES AFTER TAXATION8,5418,169
KINGS HEAD FLAT MANAGEMENT LIMITED
BALANCE SHEET AT31 December 2023
Registered number: 05083564\Each 20232022
Notes££
FIXED ASSETS
Investment Assets42020
CURRENT ASSETS
Debtors517,16845,231
Cash at bank and in hand28,55727,027
45,72572,258
CREDITORS: Amounts falling due within one year61,45036,524
NET CURRENT ASSETS44,27535,734
TOTAL ASSETS LESS CURRENT LIABILITIES44,29535,754
CAPITAL AND RESERVES
Called up share capital72121
Profit and loss account844,27435,733
SHAREHOLDERS' FUNDS44,29535,754
For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on9 February 2024and signed on their behalf by
.............................
P Ostwind
Director
KINGS HEAD FLAT MANAGEMENT LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Turnover
Turnover represents service charges levied to property owners.
1c. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. TURNOVER
The turnover and pre-tax result is attributable to the management and maintenance of properties at 1,7,8,9 and 19 to 34 King Henry Mews and 88 High Street, Harrow on the Hill.
20232022
££
Service charges69,64661,276
Service charges to Kings Head Rent Charge Management Limited(27,104)(25,470)
42,54235,806
3. EMPLOYEES
20232022
No.No.
Average number of employees/officers33
KINGS HEAD FLAT MANAGEMENT LIMITED
4. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 1 January 20232020
At 31 December 20232020
Amortisation
Net Book Amounts
At 31 December 20232020
At 31 December 20222020
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors7,03836,731
Prepayments10,1308,500
17,16845,231
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Trade creditors-603
Other creditors-34,823
Accruals1,4501,098
1,45036,524
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
21 Ordinary shares of £1 each2121
2121
KINGS HEAD FLAT MANAGEMENT LIMITED
8. PROFIT AND LOSS RESERVE 20232022
££
Opening balance35,73327,564
Profit for the year8,5418,169
44,27435,733
9. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS 20232022
££
Opening shareholders' funds35,75427,585
Profit for the year8,5418,169
Closing shareholders' funds44,29535,754
10. SUBSIDIARY COMPANY
The subsidiary undertaking of the company is Kings Head Rent Charge Management Limited, a flat management company incorporated in the United Kingdom. The company holds 60.6% of the issued share capital.
The investment is stated at cost because the subsidiary is a non-trading company with no commercial value.
The company is exempt from preparing group accounts because it is subject to the small companies regime and is a small group.
11. CONTROLLING PARTY
The company is controlled by the 21 property owners who are all equal shareholders.