60 Grenville Road Management Limited |
Registered number: |
04621600 |
Balance Sheet |
as at 31 March 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
53,494 |
|
|
54,608 |
|
Current assets |
Debtors |
4 |
|
1,897 |
|
|
1,167 |
Cash at bank and in hand |
|
|
15,286 |
|
|
7,084 |
|
|
|
17,183 |
|
|
8,251 |
|
Creditors: amounts falling due within one year |
5 |
|
(10,215) |
|
|
(1,654) |
|
Net current assets |
|
|
|
6,968 |
|
|
6,597 |
|
Net assets |
|
|
|
60,462 |
|
|
61,205 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
252 |
|
|
252 |
Share premium |
|
|
|
60,550 |
|
|
60,550 |
Profit and loss account |
|
|
|
(340) |
|
|
403 |
|
Shareholders' funds |
|
|
|
60,462 |
|
|
61,205 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
T E Watt |
Director |
Approved by the board on 27 August 2024 |
|
60 Grenville Road Management Limited |
Notes to the Accounts |
for the year ended 31 March 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represent the Service Charges and Ground Rents rendered to the tenants of the flats at 60 Grenville Road, London N19. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold land and buildings |
over 50 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
£ |
|
Cost |
|
At 1 April 2023 |
55,722 |
|
|
Depreciation |
|
At 1 April 2023 |
1,114 |
|
Charge for the year |
1,114 |
|
At 31 March 2024 |
2,228 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2024 |
53,494 |
|
At 31 March 2023 |
54,608 |
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
100 |
|
887 |
|
Other debtors |
1,797 |
|
280 |
|
|
|
|
|
|
1,897 |
|
1,167 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Other creditors |
10,215 |
|
1,654 |
|
|
|
|
|
|
|
|
|
|
6 |
Related party transactions |
2024 |
|
2023 |
£ |
£ |
|
T E Watt |
|
Director and shareholder |
|
Service charges and ground rent paid on a flat |
|
1,289 |
|
1,199 |
|
Amount due (to) the related party |
(1,250) |
|
(1,250) |
|
S F Spector |
|
Director |
|
Fees payable for accountancy work. |
|
360 |
|
330 |
|
Amount due (to) the related party |
(360) |
|
(330) |
|
S L Ward (Ms) |
|
Director and shareholder |
|
Service charges and ground rent paid on a flat |
|
549 |
|
511 |
|
Amount due (to) the related party |
(12) |
|
(12) |
|
C Bolton (Ms) |
|
Director and shareholder |
|
Service charges and ground rent paid on a flat |
|
645 |
|
600 |
|
Amount due (to) the related party |
- |
|
(50) |
|
S H Roth (Ms) (Dec'd) |
|
Shareholder and former director |
|
Service charges and ground rent paid on two flats |
|
1,265 |
|
1,177 |
|
Amount due from/(to) the related party |
(41) |
|
(41) |
|
I Frank |
|
Shareholder |
|
Service charges and ground rent paid on a flat |
|
1,116 |
|
1,038 |
|
Amount due from/(to) the related party |
8 |
|
8 |
|
P Hill |
|
Shareholder |
|
Service charges and ground rent paid on a flat |
|
703 |
|
654 |
|
Amount due from/ (to) the related party |
92 |
|
38 |
|
|
7 |
Other information |
|
|
60 Grenville Road Management Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
60 Grenville Road |
|
London |
|
N19 4EH |