REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 May 2023 |
for |
8/9 Blackburne's Mews Management Company |
Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 May 2023 |
for |
8/9 Blackburne's Mews Management Company |
Limited |
8/9 Blackburne's Mews Management Company |
Limited (Registered number: 02854011) |
Contents of the Financial Statements |
for the Year Ended 31 May 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
8/9 Blackburne's Mews Management Company |
Limited |
Company Information |
for the Year Ended 31 May 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
8/9 Blackburne's Mews Management Company |
Limited (Registered number: 02854011) |
Balance Sheet |
31 May 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
SHAREHOLDERS' FUNDS |
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. |
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 |
8/9 Blackburne's Mews Management Company |
Limited (Registered number: 02854011) |
Notes to the Financial Statements |
for the Year Ended 31 May 2023 |
1. | STATUTORY INFORMATION |
8/9 Blackburne's Mews Management Company Limited is a |
The presentation currency of the financial statements is Pound Sterling (£). |
The financial statements present information about the company as a single entity. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investments |
Investments are carried at cost less provision for any permanent diminution in value. |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets such as other debtors. Financial assets are recognised when the company becomes a party to the contractual provisions of the instruments. |
Debtors |
Basic financial assets, such as other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts, discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. |
Going concern |
The directors consider that there are no material uncertainties about the company's ability to continue as a going concern. In forming their opinion, the directors have considered a period of one year from the date of signing the financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Investments (neither listed nor unlisted) were as follows: |
2023 | 2022 |
£ | £ |
Investment | 1 | 1 |
On 23rd March 1994 the Company purchased the head lease to the properties at 8/9 Blackburne's Mews for £1. The lease is a 77½ year lease expiring on 23rd June 2069. |
8/9 Blackburne's Mews Management Company |
Limited (Registered number: 02854011) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
6. | RELATED PARTY DISCLOSURES |
The company is owned and controlled by the parent undertaking, Ambergate Properties Limited. The amount due from this company at the balance sheet date was £6 (2022: £6). |
Commencing on 9 April 2008, the company has acted as agent for Ambergate Properties Limited, collecting rent on behalf of Ambergate Properties Limited, but the company does not enter into any transactions in its own right. |
The company owns the head lease to the property at 8/9 Blackburne's Mews. The holding company, Ambergate Properties Limited, is the underlessee of the property and any obligations under the head lease and the underleases are met by Ambergate Properties Limited. Ambergate Properties Limited subleases seven flats which are the subject of the underlease, to tenants. |
The identity of the ultimate controlling party could not be established. |
7. | ULTIMATE PARENT COMPANY |
The Company is a wholly owned subsidiary undertaking of Ambergate Properties Limited, a company registered in the British Virgin Islands. |
Group financial statements have not been prepared. |