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Company Registration No. 00687266 (England and Wales)
Madeira Court (folkestone) Limited Unaudited accounts for the year ended 31 March 2024
Madeira Court (folkestone) Limited Unaudited accounts Contents
Page
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Madeira Court (folkestone) Limited Company Information for the year ended 31 March 2024
Directors
Penelope Shepherd Karen Baker Jonathan Inglett Ian Perrott James Tickell
Company Number
00687266 (England and Wales)
Registered Office
8 Madeira Court Clifton Crescent Folkestone Kent CT20 2ER England
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Madeira Court (folkestone) Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,174 
5,174 
Current assets
Debtors
- 
113 
Cash at bank and in hand
41,479 
32,327 
41,479 
32,440 
Creditors: amounts falling due within one year
(38,927)
(30,815)
Net current assets
2,552 
1,625 
Total assets less current liabilities
7,726 
6,799 
Provisions for liabilities
Other provisions
(200)
(170)
Net assets
7,526 
6,629 
Capital and reserves
Called up share capital
12 
12 
Revaluation reserve
726 
726 
Profit and loss account
6,788 
5,891 
Shareholders' funds
7,526 
6,629 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by
Jonathan Inglett Director Company Registration No. 00687266
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Madeira Court (folkestone) Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Madeira Court (folkestone) Limited is a private company, limited by shares, registered in England and Wales, registration number 00687266. The registered office is 8 Madeira Court, Clifton Crescent, Folkestone, Kent, CT20 2ER, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared assuming the company will continue as a going concern. Under the going concern assumption, a company is ordinarily viewed as continuing in business for the foreseeable future with neither the necessity of liquidity or seeking protection from creditors pursuant to laws or regulations. In assessing whether the going concern assumption is appropriate, management takes into account all available information for the foreseeable future, in particular for the twelve months from the date of approval of the financial statements. Management have a reasonable expectation that the entity has adequate resources to continue for the foreseeable future and has adopted the going concern basis of accounting in preparing the financial statements.
Revenue recognition
Revenue is comprised of property rent, administrative fees, and commission receivable.
Separate maintenance account
Contributions to property maintenance and expenditures thereon, by and on behalf of the tenants, are dealt with in separate maintenance accounts and do not feature within the profit and loss account.
Accrued income
Accrued income represents revenue earned during the year which is not received by the year end date.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation is provided on the freehold property as it constitutes land and other communal areas
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Madeira Court (folkestone) Limited Notes to the Accounts for the year ended 31 March 2024
Taxation
Taxation for the period 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 taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2023
5,174 
At 31 March 2024
5,174 
Depreciation
At 31 March 2024
- 
Net book value
At 31 March 2024
5,174 
At 31 March 2023
5,174 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
113 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
210 
217 
Other creditors
38,467 
30,598 
Accruals
250 
- 
38,927 
30,815 
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Madeira Court (folkestone) Limited Notes to the Accounts for the year ended 31 March 2024
7
Provisions for liabilities
£ 
At 1 April 2023
170 
Additional provisions made during the period
30 
At 31 March 2024
200 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
12 Ordinary shares of £1 each
12 
12 
9
Transactions with related parties
There were no related party transactions which require disclosure in the financial statements for the year under review.
10
Controlling party
During the year, the company was under the control of its shareholders.
11
Post balance sheet events
The directors have reviewed the forecasts of the company for the period through to 31 March 2026 and have concluded that the company will continue to be able to settle its obligations as they fall due. On the basis of that review they have determined that it is appropriate to prepare the accounts on a going concern basis and that there is, accordingly,
12
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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