REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 25 MARCH 2024 |
FOR |
ONE PALLISER ROAD MANAGEMENT |
COMPANY LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 25 MARCH 2024 |
FOR |
ONE PALLISER ROAD MANAGEMENT |
COMPANY LIMITED |
ONE PALLISER ROAD MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 03029765) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 25 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ONE PALLISER ROAD MANAGEMENT |
COMPANY LIMITED |
COMPANY INFORMATION |
For The Year Ended 25 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ONE PALLISER ROAD MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 03029765) |
BALANCE SHEET |
25 March 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Other reserves |
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 surplus or deficit 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 |
ONE PALLISER ROAD MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 03029765) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 25 March 2024 |
1. | STATUTORY INFORMATION |
One Palliser Road Management Company Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company was dormant throughout the current year and previous year. |
Investment property |
The property is held for investment and not for consumption and the directors consider that to depreciate it would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which otherwise would have been charged cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view. |
Service charges |
The company is responsible for maintaining and managing the property at 1 Palliser Road, London, W14. The company collects service charges from lessees in order to fund expenditure incurred in the management of the property. These service charge funds are held in trust for the lessees as required by the Landlord and Tenant Act 1987. |
Transactions relating to the management of the property are reported separately to the lessees. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 26 March 2023 |
and 25 March 2024 |
NET BOOK VALUE |
At 25 March 2024 |
At 25 March 2023 |
The value of the investment property which has been stated at cost has been considered by the directors. The directors believe this to be an appropriate value given current market conditions for the property. |
5. | ULTIMATE CONTROLLING PARTY |
There is no ultimate controlling party. |