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REGISTERED NUMBER: 02148222 (England and Wales)














QUEENS ROAD (BLOCK G) MANAGEMENT
COMPANY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






QUEENS ROAD (BLOCK G) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 02148222)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUEENS ROAD (BLOCK G) MANAGEMENT
COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: L. Babic
A.S. Churchill
S.R. Darke
K.A. Frost
D.I. Reese
D.A. Reese
R.A. Segal
Glade Homes Ltd


SECRETARY: Maison Residential Limited


REGISTERED OFFICE: 22 Courtland Avenue,
North Chingford,
London.
E4 6DU


REGISTERED NUMBER: 02148222 (England and Wales)


ACCOUNTANTS: Cobbin Floyd Ltd
t/a Findlay Wetherfield Scott & Co.,
Chartered Accountants
137, Station Road,
Chingford,
London
E4 6AG


BANKERS: Bank of Scotland plc.,
PO Box 1000
BX2 1LB

QUEENS ROAD (BLOCK G) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 02148222)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 2,209 6,864
Cash at bank 36,674 30,006
38,883 36,870
CREDITORS
Amounts falling due within one year 5 34,059 32,046
NET CURRENT ASSETS 4,824 4,824
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,824

4,824

CREDITORS
Amounts falling due after more than one year 6 4,800 4,800
NET ASSETS 24 24

CAPITAL AND RESERVES
Called up share capital 24 24
24 24

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

QUEENS ROAD (BLOCK G) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 02148222)

BALANCE SHEET - continued
31ST MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 31st May 2023 and were signed on its behalf by:




L. Babic - Director



S.R. Darke - Director


QUEENS ROAD (BLOCK G) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 02148222)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Queens Road (Block G) Management Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Owed by lessees for
service charges levied 2,209 6,864
2,209 6,864

QUEENS ROAD (BLOCK G) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 02148222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Excess received from lessees
for services charges levied 6,193 3,219
Held by company
in Trust for lessees 26,028 24,632
Accrued expenses 1,838 4,195
34,059 32,046

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Deposits due to lessees 4,800 4,800

The deposits received from the lessees are due to be refunded on either the original lease expiry date of 1st October 2086 or any later expiry date, if the original lease has been extended.

QUEENS ROAD (BLOCK G) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 02148222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As each director is also a lessee of the property, service charges and interest were levied on normal commercial terms. The amounts charged during the year to and the balance due either to or from each director at the year end date are as shown below.
20232022
££

L. BabicServices charges, etc.1,3001,300
Balance due to (from) the lessee at the year end date--

A.S. ChurchillServices charges, etc.650650
Balance due to (from) the lessee at the year end date(49)(49)

S.A. DarkeServices charges, etc.650650
Balance due to (from) the lessee at the year end date--

K.A. FrostServices charges, etc.1,9501,950
Balance due to (from) the lessee at the year end date195195

D.I. ReeseServices charges, etc.650650
Balance due to (from) the lessee at the year end date-15

D.A. ReeseServices charges, etc.1,9501,950
Balance due to (from) the lessee at the year end date1425

A. SandersServices charges, etc.1651,300
Balance due to (from) the lessee at the year end date--

R.A. SegalServices charges, etc.1,3001,300
Balance due to (from) the lessee at the year end date(1,300)-

Glade Homes LtdServices charges, etc.3,2503,250
Balance due to (from) the lessee at the year end date--

Service charges shown above only relate to the period each individual was a director. None of these transactions are with the company directly but they are with the company acting as agent on behalf of the lessees.

D.A. Reese is also a director and shareholder in Maison Residential Limited. Maison Residential Limited acts as managing agent for the block and charged a total of £5,810 for their various services for the year (previous year - £5,090) all of which are at normal commercial rates. At the balance sheet date there was no balance due to or from Maison Residential Limited.

8. RELATED PARTY DISCLOSURES

There is no overall controlling party. Each lessee owns 1 ordinary issued share in the company.