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COMPANY REGISTRATION NUMBER: 03040327
14 Arundel Gardens Limited
Filleted Unaudited Financial Statements
For the Year Ended
31 December 2023
14 Arundel Gardens Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed Assets
Tangible assets
4
20,668
20,668
Current Assets
Debtors
5
1,300
Cash at bank and in hand
9,145
5,242
---------
--------
10,445
5,242
Creditors: amounts falling due within one year
6
21,983
22,266
---------
---------
Net Current Liabilities
11,538
17,024
---------
---------
Total Assets Less Current Liabilities
9,130
3,644
--------
--------
Net Assets
9,130
3,644
--------
--------
14 Arundel Gardens Limited
Statement of Financial Position (continued)
31 December 2023
2023
2022
Note
£
£
£
Capital and Reserves
Called up share capital
5
5
Profit and loss account
9,125
3,639
--------
--------
Shareholders Funds
9,130
3,644
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st December 2023 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 15 August 2024 , and are signed on behalf of the board by:
C. Ferris
J. K. Lang
Director
Director
Company registration number: 03040327
14 Arundel Gardens Limited
Notes to the Financial Statements
Year Ended 31st December 2023
1. General Information
The company is a private company limited by shares, registered in England. The address of the registered office is 14 Arundel Gardens, London, W11 2LA.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis.
Revenue Recognition
The turnover shown in the profit and loss account represents ground rent charged during the year and residents contributions to running costs.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible Assets
Land and buildings
£
Cost
At 1st January 2023 and 31st December 2023
20,668
---------
Depreciation
At 1st January 2023 and 31st December 2023
---------
Carrying amount
At 31st December 2023
20,668
---------
At 31st December 2022
20,668
---------
5. Debtors
2023
2022
£
£
Trade debtors
1,300
--------
-----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
21,983
22,266
---------
---------