Company registration number 03695033 (England and Wales)
19 BRAMHAM GARDENS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
19 BRAMHAM GARDENS LIMITED
COMPANY INFORMATION
Directors
Ms R A Atkins
Mrs K E M Diezinger
Mr G Tremonti
Mr H J N Obbard
Company number
03695033
Registered office
19 Bramham Gardens
London
SW5 OJE
Accountants
Grunberg & Co Limited
5 Technology Park
Colindeep Lane
Colindale
London
United Kingdom
NW9 6BX
19 BRAMHAM GARDENS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
19 BRAMHAM GARDENS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
130,514
130,514
Current assets
Debtors
4
115
144
Cash at bank and in hand
13,819
9,517
13,934
9,661
Creditors: amounts falling due within one year
5
(144,048)
(139,775)
Net current liabilities
(130,114)
(130,114)
Net assets
400
400
Capital and reserves
-
-
Called up share capital
400
400
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
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 22 August 2024 and are signed on its behalf by:
Mr H J N Obbard
Director
Company registration number 03695033 (England and Wales)
19 BRAMHAM GARDENS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
19 Bramham Gardens Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19 Bramham Gardens, London, SW5 OJE.
1.1
Accounting convention
These financial statements have been prepared in accordance with 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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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.
1.2
Turnover
Turnover represents service charges receivable, excluding value added tax. Service charges are recognised by reference to the annual expenses.
1.3
Tangible fixed assets
In accordance with the Financial Reporting Standard 102 Section 1A for Smaller Entities (effective January 2016), no amortisation is provided in respect of the freehold property, as the directors are of the opinion that the aggregate value of the freehold property, as at the balance sheet date, was not less than the aggregate amount at which it is stated in the accounts. The directors consider that this accounting policy, which represents a departure from the statutory accounting rules, is necessary to provide a true and fair view. The effect of this departure from the Companies Act 2006 has not been quantified because it is impracticable and, in the opinion of the directors, would be misleading.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
19 BRAMHAM GARDENS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities
Basic financial liabilities, including creditors that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
4
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 and 31 March 2024
130,514
Depreciation and impairment
At 1 April 2023 and 31 March 2024
Carrying amount
At 31 March 2024
130,514
At 31 March 2023
130,514
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments and accrued income
115
144
19 BRAMHAM GARDENS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Directors' current accounts
131,292
130,222
Accruals and deferred income
12,756
9,553
144,048
139,775