ELMCOURT ROAD MANAGEMENT LIMITED

Company Registration Number:
04836462 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

ELMCOURT ROAD MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

ELMCOURT ROAD MANAGEMENT LIMITED

Balance sheet

As at 31 July 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 4,037 4,037
Total fixed assets: 4,037 4,037
Current assets
Total assets less current liabilities: 4,037 4,037
Total net assets (liabilities): 4,037 4,037
Capital and reserves
Called up share capital: 3 3
Share premium account: 4,034 4,034
Shareholders funds: 4,037 4,037

The notes form part of these financial statements

ELMCOURT ROAD MANAGEMENT LIMITED

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 April 2024
and signed on behalf of the board by:

Name: Richard Levitt
Status: Director

The notes form part of these financial statements

ELMCOURT ROAD MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The Company's turnover comprises only ground rents and service charges under leases. Service charges are allocated evenly among the tenants. The Company's entire turnover is applied in discharging its obligations under the leases. For the period ending 31 July 2023, the aggregate ground rents were £300 and the aggregate service charge was £813.60

Tangible fixed assets and depreciation policy

The freehold property is stated at cost and is not depreciated.

ELMCOURT ROAD MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

ELMCOURT ROAD MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible Assets

Total
Cost £
At 01 August 2022 4,037
At 31 July 2023 4,037
Net book value
At 31 July 2023 4,037
At 31 July 2022 4,037

ELMCOURT ROAD MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Related party transactions

The Company was formed for the sole purpose of acquiring, holding, insuring and maintaining the freehold property located at 6 Elmcourt Road, London SE27 9BZ. The Company has granted 999 year leases of parts of the freehold property in exchange for ground rent of £100 per annum per tenant. Each tenant is a member of the Company and each of the Company's members is a tenant. Each Director is a member of the Company or (where the share is jointly held) one of its joint members. The Company is responsible for insuring and maintaining the freehold property. The Company levies service charges from the tenants to cover expenses in excess of its ground rent income. The Company is a not for profit organisation.