94/96 Rotherfield Street Property Management Company Ltd 01772450 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is Property management Digita Accounts Production Advanced 6.30.9574.0 true true 01772450 2022-12-01 2023-11-30 01772450 2023-11-30 01772450 bus:OrdinaryShareClass1 2023-11-30 01772450 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 01772450 core:FurnitureFittingsToolsEquipment 2023-11-30 01772450 bus:SmallEntities 2022-12-01 2023-11-30 01772450 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 01772450 bus:FullAccounts 2022-12-01 2023-11-30 01772450 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 01772450 bus:RegisteredOffice 2022-12-01 2023-11-30 01772450 bus:CompanySecretary1 2022-12-01 2023-11-30 01772450 bus:Director1 2022-12-01 2023-11-30 01772450 bus:Director4 2022-12-01 2023-11-30 01772450 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 01772450 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 01772450 core:FurnitureFittings 2022-12-01 2023-11-30 01772450 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 01772450 countries:England 2022-12-01 2023-11-30 01772450 2022-11-30 01772450 core:FurnitureFittingsToolsEquipment 2022-11-30 01772450 2021-12-01 2022-11-30 01772450 2022-11-30 01772450 bus:OrdinaryShareClass1 2022-11-30 01772450 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 01772450 core:FurnitureFittingsToolsEquipment 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01772450

94/96 Rotherfield Street Property Management Company Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

94/96 Rotherfield Street Property Management Company Ltd

Contents

Company Information

1

Directors' Report

2

Service Charge - Income and Expenditure

3

Service Charge - Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 7

 

94/96 Rotherfield Street Property Management Company Ltd

Company Information

Directors

Mr Peter Maurice Nominaniak

Mrs Ellen Stang-Lord

Company secretary

Cobat Secretarial Services Limited

Registered office

94/96 Rotherfield Street
Islington
London
N1 3BY

Accountants

Brian Nuttgens Accountants Ltd
Chartered Certified Accountants
1007 London Road
Leigh-On-Sea
Essex
SS9 3JY

 

94/96 Rotherfield Street Property Management Company Ltd

Directors' Report for the Year Ended 30 November 2023

The directors present their report and the financial statements for the year ended 30 November 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr Peter Maurice Nominaniak

Mrs Ellen Stang-Lord

Principal activity

The principal activity of the company is Property management

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 28 August 2024 and signed on its behalf by:
 

.........................................
Mrs Ellen Stang-Lord
Director

 

94/96 Rotherfield Street Property Management Company Ltd

Service Charge - Income and Expenditure for the Year Ended 30 November 2023

Note

2023
£

2022
£

Turnover

 

28,740

3,600

Gross profit

 

28,740

3,600

Administrative expenses

 

(17,537)

(1,707)

Operating profit

 

11,203

1,893

Profit before tax

11,203

1,893

Profit for the financial year

 

11,203

1,893

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

94/96 Rotherfield Street Property Management Company Ltd

(Registration number: 01772450)
Service Charge Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

1,392

Current assets

 

Cash at bank and in hand

 

680

90

Creditors: Amounts falling due within one year

5

(668)

(12,673)

Net current assets/(liabilities)

 

12

(12,583)

Net assets/(liabilities)

 

12

(11,191)

Capital and reserves

 

Called up share capital

6

1,500

1,500

Retained earnings

(1,488)

(12,691)

Shareholders' funds/(deficit)

 

12

(11,191)

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 28 August 2024 and signed on its behalf by:
 

.........................................
Mrs Ellen Stang-Lord
Director

 

94/96 Rotherfield Street Property Management Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
94/96 Rotherfield Street
Islington
London
N1 3BY

These financial statements were authorised for issue by the Board on 28 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

94/96 Rotherfield Street Property Management Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

20% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

94/96 Rotherfield Street Property Management Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

1,392

1,392

Disposals

(1,392)

(1,392)

At 30 November 2023

-

-

Depreciation

Carrying amount

At 30 November 2023

-

-

At 30 November 2022

1,392

1,392

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

668

300

Other creditors

-

12,373

668

12,673

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

1,500

1,500

1,500

1,500