Company registration number 01049068 (England and Wales)
46 ENNISMORE GARDENS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
46 ENNISMORE GARDENS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
46 ENNISMORE GARDENS LIMITED
BALANCE SHEET
AS AT
24 JUNE 2023
24 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
2,757
5,856
Cash at bank and in hand
51,757
49,383
54,514
55,239
Creditors: amounts falling due within one year
4
(6,154)
(7,700)
Net current assets
48,360
47,539
Reserves
Major works / sinking fund
48,360
47,539
Members' funds
48,360
47,539

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 24 June 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 16 November 2023 and are signed on its behalf by:
Mr M Swan
Director
Company Registration No. 01049068
46 ENNISMORE GARDENS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 JUNE 2023
- 2 -
1
Accounting policies
Company information

46 Ennismore Gardens Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 3rd Floor, The Bloomsbury Building, 10 Bloomsbury Way, Holborn, WC1A 2SL.

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
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

 

Expenses include VAT where applicable as the company cannot reclaim it.

1.3
Financial instruments

The company only has financial instruments which are classified as basic financial instruments.

 

Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in profit and loss.

1.4
Taxation

As the Company does not carry on a business for the purpose of making a profit it is exempt from Corporation Tax on its ordinary activities.  However, it is liable for Corporation Tax on investment income and any chargeable gains arising.

1.5

46 Ennismore Gardens, London SW7

On 4 July 1972 the Company acquired, at nil cost, a ninety-nine year lease of the common parts of 46 Ennismore Gardens. Subsequently, the freehold of the property was acquired for £2,500. The cost was met by contributions from tenants.

 

On 15 June 2022 a new 35 year lease was agreed with UK Powernetworks for the use of a chamber at the front of the building that is part of the freehold. This lease expires on 25 December 2053 and the rent payable is increased in line with RPI every 5 years. Directors are responsible for notifying UKPN the new rent amount payable, with the first rent review due on 25 December 2023.

1.6

Building Insurance

In November 2012 the replacement value of the building was estimated at £2,450,000. For insurance purposes this valuation is increased each year in line with inflation. Accordingly the declared value of the building is presently £3,954,486 which, with inflation protection, gives an insured value of £4,547,658. In addition, the declared insurance value of the communal area contents is £39,746. Leaseholders are responsible for their respective windows and skylights. The cover is due for renewal on 1 November.

46 ENNISMORE GARDENS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 24 JUNE 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
4
4
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Service charges due
-
0
3,370
Other debtors
2,757
2,486
2,757
5,856
4
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
212
563
Other creditors
5,942
7,137
6,154
7,700
5
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

46 ENNISMORE GARDENS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 24 JUNE 2023
- 4 -
6
Operating lease commitments
Lessor

At the reporting end date the company had contracted with tenants for the following minimum lease payments:

2023
2022
£
£
25,925
26,775
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