Inglewood Developments Limited
Unaudited Financial Statements
For the year ended 31 March 2024
Pages for Filing with Registrar
Company Registration No. 02552203 (England and Wales)
Inglewood Developments Limited
Company Information
Directors
A. Cheale
D Mauro
Secretary
R. Pettafor
Company number
02552203
Registered office
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Inglewood Developments Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Inglewood Developments Limited
Balance Sheet
As at 31 March 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
12,817
100
Cash at bank and in hand
23,882
38,239
36,699
38,339
Creditors: amounts falling due within one year
4
(25,132)
(26,772)
Net current assets
11,567
11,567
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
11,467
11,467
Total equity
11,567
11,567
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 26 July 2024 and are signed on its behalf by:
D Mauro
Director
Company Registration No. 02552203
Inglewood Developments Limited
Notes to the Financial Statements
For the year ended 31 March 2024
Page 2
1
Accounting policies
Company information
Inglewood Developments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for property management services provided in the normal course of business.
1.3
Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.
1.4
Financial instruments
The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 3 (2023 - 3)
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
100
100
Prepayments and accrued income
12,717
12,817
100
Inglewood Developments Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
Page 3
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
600
Accruals and deferred income
25,132
26,172
25,132
26,772
5
Called up share capital
2024
2023
£
£
Issued and fully paid
100 Ordinary shares of £1 each
100
100