SUTHERLAND GRANGE ESTATES LIMITED |
Notes to the Accounts |
for the year ended 31 December 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
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Service charges |
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The company was dormant throughout the current and previous year. The company is responsible for the management of Sutherland Grange and 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 lessees and are excluded from the company's financial statements. |
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Tangible fixed assets |
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The company owns the freehold of the bulk of the land around Sutherland Grange (HM Land Registry BK335250). The freehold was purchased by the company in November 1995 and 999 year leases were sold to the 5 shareholders at this time. This freehold was revalued by the directors on 31st December 2005 at £18000. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
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- |
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3 |
Tangible fixed assets |
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Land and buildings |
£ |
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Cost |
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At 1 January 2023 |
18,000 |
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At 31 December 2023 |
18,000 |
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Depreciation |
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At 31 December 2023 |
- |
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Net book value |
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At 31 December 2023 |
18,000 |
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At 31 December 2022 |
18,000 |
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4 |
Revaluation reserve |
2023 |
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2022 |
£ |
£ |
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At 1 January 2023 |
18,000 |
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18,000 |
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At 31 December 2023 |
18,000 |
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18,000 |
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5 |
Other information |
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SUTHERLAND GRANGE ESTATES LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
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c/o Marshalls Property Services |
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45 St Leonards Road |
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Windsor |
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Berkshire |
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SL4 3BP |