91 St George's Drive Company Limited 05053676 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is to hold the Freehold and manage the property at 91 St George's Drive. Digita Accounts Production Advanced 6.30.9574.0 true true 05053676 2023-03-01 2024-02-29 05053676 2024-02-29 05053676 core:FurtherSpecificReserve1ComponentTotalEquity 2024-02-29 05053676 core:OtherReservesSubtotal 2024-02-29 05053676 core:RetainedEarningsAccumulatedLosses 2024-02-29 05053676 core:CurrentFinancialInstruments 2024-02-29 05053676 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 05053676 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 05053676 core:LandBuildings core:LongLeaseholdAssets 2024-02-29 05053676 bus:SmallEntities 2023-03-01 2024-02-29 05053676 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 05053676 bus:FullAccounts 2023-03-01 2024-02-29 05053676 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 05053676 bus:RegisteredOffice 2023-03-01 2024-02-29 05053676 bus:Director1 2023-03-01 2024-02-29 05053676 bus:CompanyLimitedByGuarantee 2023-03-01 2024-02-29 05053676 core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-01 2024-02-29 05053676 core:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 05053676 core:LandBuildings 2023-03-01 2024-02-29 05053676 countries:England 2023-03-01 2024-02-29 05053676 2023-02-28 05053676 core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-28 05053676 core:RetainedEarningsAccumulatedLosses 2023-02-28 05053676 core:LandBuildings core:LongLeaseholdAssets 2023-02-28 05053676 2022-03-01 2023-02-28 05053676 2023-02-28 05053676 core:OtherReservesSubtotal 2023-02-28 05053676 core:CurrentFinancialInstruments 2023-02-28 05053676 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 05053676 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 05053676 core:LandBuildings core:LongLeaseholdAssets 2023-02-28 05053676 core:FurtherSpecificReserve1ComponentTotalEquity 2022-03-01 2023-02-28 05053676 core:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 05053676 2022-02-28 05053676 core:FurtherSpecificReserve1ComponentTotalEquity 2022-02-28 05053676 core:RetainedEarningsAccumulatedLosses 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 05053676

91 St George's Drive Company Limited

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the year ended 29 February 2024

 

91 St George's Drive Company Limited

Contents

Balance Sheet

1

Statement of Changes in Equity

2

Notes to the Unaudited Financial Statements

3 to 6

 

91 St George's Drive Company Limited

(Registration number: 05053676)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

47,307

47,307

Current assets

 

Debtors

229

593

Cash at bank and in hand

 

11,222

12,314

 

11,451

12,907

Creditors: Amounts falling due within one year

5

(5,064)

(8,020)

Net current assets

 

6,387

4,887

Total assets less current liabilities

 

53,694

52,194

Creditors: Amounts falling due after more than one year

5

(47,307)

(47,307)

Net assets

 

6,387

4,887

Reserves

 

Contingency fund

6,387

4,887

Surplus

 

6,387

4,887

For the financial year ending 29 February 2024 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised for issue by the Board on 30 August 2024 and signed on its behalf by:
 


K J Hidderley
Director

   
     
 

91 St George's Drive Company Limited

Statement of Changes in Equity for the Year Ended 29 February 2024

Contingency fund
£

Retained earnings
£

Total
£

At 1 March 2023

4,887

-

4,887

Surplus for the year

-

1,500

1,500

Transfer between reserves

1,500

(1,500)

-

At 29 February 2024

6,387

-

6,387

Contingency fund
£

Retained earnings
£

Total
£

At 1 March 2022

3,387

-

3,387

Surplus for the year

-

1,500

1,500

Transfer between reserves

1,500

(1,500)

-

At 28 February 2023

4,887

-

4,887

 

91 St George's Drive Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
91A St George's Drive
LONDON
SW1V 4DB

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.

Judgements

There are no judgements which management have made in the process of applying the accounting policies.

Key sources of estimation uncertainty

There are no key sources of estimation uncertainty that have a significant risk of causing a material adjustment to assets and liabilities to be disclosed..

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.

 

91 St George's Drive Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Depreciation

No depreciation is provided on freehold buildings as it is company policy to maintain them to such a standard that the estimated aggregate residual values exceed the net book value in the accounts.

Asset class

Depreciation method and rate

Leasehold building

Not depreciated as stated above

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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

 

91 St George's Drive Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Financial instruments

Classification
Basic financial assets include trade and other debtors, cash and bank balances. Basic financial liabilities include trade and other payables, bank loans and preference shares that are classified as debt.
 Recognition and measurement
Basic financial assets are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method. Other debtors are classified as current assets if payment is due within one year or less and are initially recorded at transaction price and subsequently measured at the undiscounted amount of the cash expected to be received. Trade debtors are referred to above.

Basic financial liabilities 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. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Other creditors are classified as current liabilities if payment is due within one year or less and are recognised initially at transaction price and subsequently measured at the undiscounted amount of the cash expected to be paid. If not, they are presented as non-current liabilities and are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Trade creditors and leases are referred to above.

 Impairment
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors under service contract) during the year, was 0 (2023 - 0).

 

91 St George's Drive Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Long leasehold land and buildings
£

Total
£

Cost or valuation

At 1 March 2023

47,307

47,307

At 29 February 2024

47,307

47,307

Depreciation

Carrying amount

At 29 February 2024

47,307

47,307

At 28 February 2023

47,307

47,307

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

3,839

1,217

Accruals and deferred income

 

1,225

6,803

 

5,064

8,020

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

47,307

47,307