Company No:
Contents
Note | 31.03.2024 | |
£ | ||
Fixed assets | ||
Tangible assets | 3 |
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5,000 | ||
Net current assets | 0 | |
Total assets less current liabilities | 5,000 | |
Net assets |
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Reserves | ||
Other reserves |
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Total reserves |
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Directors' responsibilities:
The financial statements of ESSEX DRIVE MANAGEMENT LIMITED (registered number:
C Walklett
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
ESSEX DRIVE MANAGEMENT LIMITED (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1-3 College Yard, Worcester, Worcestershire, United Kingdom, WR1 2LB.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Reporting period length is 21/11/2022 to 31/03/2024, this spans 14 months.
Land and buildings | not depreciated |
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Period from 20.11.2022 to 31.03.2024 |
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Number | |
Monthly average number of persons employed by the Company during the period, including directors |
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Land and buildings | Total | ||
£ | £ | ||
Cost | |||
At 20 November 2022 |
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Additions |
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At 31 March 2024 |
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Accumulated depreciation | |||
At 20 November 2022 |
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At 31 March 2024 |
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Net book value | |||
At 31 March 2024 |
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The members of the ESSEX DRIVE MANAGEMENT LIMITED have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.