REGISTERED NUMBER: |
QUEENS ROAD (BLOCK G) MANAGEMENT |
COMPANY LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2023 |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
t/a Findlay Wetherfield Scott & Co., |
Chartered Accountants |
137, Station Road, |
Chingford, |
London |
E4 6AG |
BANKERS: |
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 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
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. |
2023 | 2022 |
£ | £ |
L. Babic | Services charges, etc. | 1,300 | 1,300 |
Balance due to (from) the lessee at the year end date | - | - |
A.S. Churchill | Services charges, etc. | 650 | 650 |
Balance due to (from) the lessee at the year end date | (49 | ) | (49 | ) |
S.A. Darke | Services charges, etc. | 650 | 650 |
Balance due to (from) the lessee at the year end date | - | - |
K.A. Frost | Services charges, etc. | 1,950 | 1,950 |
Balance due to (from) the lessee at the year end date | 195 | 195 |
D.I. Reese | Services charges, etc. | 650 | 650 |
Balance due to (from) the lessee at the year end date | - | 15 |
D.A. Reese | Services charges, etc. | 1,950 | 1,950 |
Balance due to (from) the lessee at the year end date | 14 | 25 |
A. Sanders | Services charges, etc. | 165 | 1,300 |
Balance due to (from) the lessee at the year end date | - | - |
R.A. Segal | Services charges, etc. | 1,300 | 1,300 |
Balance due to (from) the lessee at the year end date | (1,300 | ) | - |
Glade Homes Ltd | Services charges, etc. | 3,250 | 3,250 |
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. |