Company registration number 13599222 (England and Wales)
GEORGIA PLACE FREEHOLD COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
GEORGIA PLACE FREEHOLD COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
GEORGIA PLACE FREEHOLD COMPANY LIMITED (REGISTERED NUMBER: 13599222)
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
35,190
35,190
Current assets
Debtors
4
23
Cash at bank and in hand
440
9
463
9
Creditors: amounts falling due within one year
5
(627)
(191)
Net current liabilities
(164)
(182)
Net assets
35,026
35,008
Capital and reserves
Called up share capital
6
9
9
Share premium account
35,179
35,179
Profit and loss reserves
(162)
(180)
Total equity
35,026
35,008
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 December 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 1 April 2024 and are signed on its behalf by:
Mr D Rodda
Director
GEORGIA PLACE FREEHOLD COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Georgia Place Freehold Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Birling Road, Tunbridge Wells, Kent, TN2 5LX.
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 £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for ground rent and freehold charges from leaseholders.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
not provided
Freehold land is not depreciated. In addition, no depreciation has been provided in respect of the freehold property as the property is valued at its residual value in the financial statements.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
GEORGIA PLACE FREEHOLD COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 and 31 December 2023
35,190
Depreciation and impairment
At 1 January 2023 and 31 December 2023
Carrying amount
At 31 December 2023
35,190
At 31 December 2022
35,190
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
23
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
430
Other creditors
197
191
627
191
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
9
9
9
9
7
Related party transactions
During the year, ground rent of £792 and interest of £4 was paid to a shareholder. In addition, the company charged £9 to the shareholder in respect of the annual confirmation statement.
Also during the year, ground rent of £354 and interest of £2 was paid to another shareholder. In addition, the company charged £4 to the shareholder in respect of the annual confirmation statement.