PTP Accounts Production v24.2.0.383 07547227 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075472272023-03-31075472272024-03-31075472272023-04-012024-03-31075472272022-03-31075472272022-04-012023-03-31075472272023-03-3107547227ns15:EnglandWales2023-04-012024-03-3107547227ns14:PoundSterling2023-04-012024-03-3107547227ns10:Director12023-04-012024-03-3107547227ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107547227ns10:SmallEntities2023-04-012024-03-3107547227ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107547227ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107547227ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107547227ns10:FullAccounts2023-04-012024-03-3107547227ns10:Director22023-04-012024-03-3107547227ns10:Director32023-04-012024-03-3107547227ns10:RegisteredOffice2023-04-012024-03-3107547227ns5:CurrentFinancialInstruments2024-03-3107547227ns5:CurrentFinancialInstruments2023-03-3107547227ns5:ShareCapital2024-03-3107547227ns5:ShareCapital2023-03-3107547227ns5:RetainedEarningsAccumulatedLosses2024-03-3107547227ns5:RetainedEarningsAccumulatedLosses2023-03-3107547227ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3107547227ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 07547227 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Palmerston Court Surbiton Limited

Palmerston Court Surbiton Limited (Registered number: 07547227)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Palmerston Court Surbiton Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr N R Denney
Mr M Herrera
Mr D J Knight





SECRETARY: Mr D J Knight





REGISTERED OFFICE: 124 Maple Road
Surbiton
Surrey
KT6 4AU





REGISTERED NUMBER: 07547227 (England and Wales)






Palmerston Court Surbiton Limited (Registered number: 07547227)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 1,392 1,316
Cash at bank 2,936 3,384
4,328 4,700
CREDITORS
Amounts falling due within one year 5 600 600
NET CURRENT ASSETS 3,728 4,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,728

4,100

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 3,722 4,094
SHAREHOLDERS' FUNDS 3,728 4,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 13 August 2024 and were signed on its behalf by:





Mr N R Denney - Director


Palmerston Court Surbiton Limited (Registered number: 07547227)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Palmerston Court Surbiton Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Service charges receivable
Service charges receivable represent contributions from members in respect of communal expenditure to maintain the freehold property.

Members liability
The company is limited by guarantee. Every members liability to the company, in the case of being wound up, is limited to £1.

Profit and loss account
It is considered that the activities of the company do not give rise to a profit or loss due to its nature as a flat management company. Any excess or deficit of service charges levied over current expenditure will be retained in the general reserve.

The company is a mutual company and there is no liability to taxation other than investment income which is charged to corporation taxation at the prevailing rate of corporation taxation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 1,392 1,316

Palmerston Court Surbiton Limited (Registered number: 07547227)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 600 600