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REGISTERED NUMBER: 01950756 (England and Wales)















Report of the Directors and

Unaudited Financial Statements

For The Year Ended 28 September 2023

for

THE 53/54 CORNWALL GARDENS MANAGEMENT
COMPANY LIMITED

THE 53/54 CORNWALL GARDENS MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 01950756)






Contents of the Financial Statements
For The Year Ended 28 September 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


THE 53/54 CORNWALL GARDENS MANAGEMENT
COMPANY LIMITED

Company Information
For The Year Ended 28 September 2023







DIRECTORS: R E Johnston Bickerstaff
L G Ganem
F Mehregani





REGISTERED OFFICE: Unit 16
Northfields Prospect Business Centre
Putney Bridge Road
London
SW18 1PE





REGISTERED NUMBER: 01950756 (England and Wales)





ACCOUNTANTS: Lees-Buckley & Co, Chartered Accountants
16 Northfields Prospect
Putney Bridge Road
London
SW18 1PE

THE 53/54 CORNWALL GARDENS MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 01950756)

Report of the Directors
For The Year Ended 28 September 2023

The directors present their report with the financial statements of the company for the year ended 28 September 2023.

PRINCIPAL ACTIVITY
The company owns the freehold of 53/54 Cornwall Gardens, London SW7 and during the year acted as the trustee of the service charge of the property.

DIRECTORS
The directors shown below have held office during the whole of the period from 29 September 2022 to the date of this report.

R E Johnston Bickerstaff
L G Ganem
F Mehregani

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

ON BEHALF OF THE BOARD:





R E Johnston Bickerstaff - Director


20 August 2024

THE 53/54 CORNWALL GARDENS MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 01950756)

Income Statement
For The Year Ended 28 September 2023

28.9.23 28.9.22
as restated
Notes £    £   

TURNOVER 950 950

Administrative expenses (2,525 ) (1,708 )
(1,575 ) (758 )

Other operating income 1,575 758
OPERATING PROFIT and
PROFIT BEFORE TAXATION - -

Tax on profit - -
PROFIT FOR THE FINANCIAL YEAR - -

THE 53/54 CORNWALL GARDENS MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 01950756)

Balance Sheet
28 September 2023

28.9.23 28.9.22
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 5 45,660 45,660
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,660

45,660

CREDITORS
Amounts falling due after more than one
year

6

45,510

45,510
NET ASSETS 150 150

CAPITAL AND RESERVES
Called up share capital 7 150 150
SHAREHOLDERS' FUNDS 150 150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





R E Johnston Bickerstaff - Director


THE 53/54 CORNWALL GARDENS MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 01950756)

Notes to the Financial Statements
For The Year Ended 28 September 2023

1. STATUTORY INFORMATION

The 53/54 Cornwall Gardens Management Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Service Charge Balances
The service charge assets and liabilities of 53/54 Cornwall Gardens, SW7 of which the company is trustee, have in previous years been included as equal and opposite entries in the company's balance sheet and notes. These have now been excluded in both the current year and comparative figures in accordance with ICAEW Technical Release 3/11.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. PRIOR YEAR ADJUSTMENT

As restated - see Note 2

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 29 September 2022
and 28 September 2023 45,660
NET BOOK VALUE
At 28 September 2023 45,660
At 28 September 2022 45,660

The company owns the freehold of 53/54 Cornwall Gardens, London SW7 which is stated at cost. In the opinion of the directors at the balance sheet date there was no material difference between the book and fair value of the property.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.9.23 28.9.22
as restated
£    £   
Other creditors 45,510 45,510

THE 53/54 CORNWALL GARDENS MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 01950756)

Notes to the Financial Statements - continued
For The Year Ended 28 September 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Members' loans to fund freehold purchase - repayable at the discretion of the directors to the members at the time of repayment.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.9.23 28.9.22
value: as restated
£    £   
150 Ordinary shares £1 150 150