REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
19 Palace Gate Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
19 Palace Gate Limited |
19 Palace Gate Limited (Registered number: 03184817) |
Contents of the Financial Statements |
for the year ended 31 December 2023 |
Page |
Balance Sheet | 1 |
19 Palace Gate Limited (Registered number: 03184817) |
Balance Sheet |
31 December 2023 |
31.12.23 | 31.12.22 |
£ | £ |
CURRENT ASSETS |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
NOTES TO THE FINANCIAL STATEMENTS |
1. | STATUTORY INFORMATION |
19 Palace Gate Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | AVERAGE NUMBER OF EMPLOYEES |
The average number of employees during the year was NIL (2022 - NIL). |
3. | RESIDENTIAL MANAGEMENT COMPANY |
Section 42 of the Landlord and Tenant Act 1987 imposes a statutory trust over service charge monies received under it and, as such, the company acts as a trustee in respect of such balances. |
At the year end the company held cash of £148,670 on trust (2022: £139,680). |
The company also holds the freehold of the property at 19 Palace Gate on trust but the directors are of the opinion that the grant of non rent generating 999 year leases on all flats within the building in 2000 has rendered this interest valueless. |
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. |
19 Palace Gate Limited (Registered number: 03184817) |
Balance Sheet - continued |
31 December 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |