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Registered number: 05316770









1-20A PRINCE OF WALES MANSIONS LIMITED







UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
1-20A PRINCE OF WALES MANSIONS LIMITED
 
 
COMPANY INFORMATION


Directors
Mr A Atie (resigned 31 August 2023)
Miss C M Fellowes 
Miss C A Molyneux 
Mr  D S Dodd 




Registered number
05316770



Registered office
Flat 7a
Prince of Wales Mansions

Prince of Wales Drive

London

SW11 4BG




Accountants
Gibson Appleby
Chartered Accountants

1-3 Ship Street

Shoreham by Sea

West Sussex

BN43 5DH





 
1-20A PRINCE OF WALES MANSIONS LIMITED
 

CONTENTS



Page
Directors' Report
1
Accountants' Report
2
Income Statement
3
Statement of Financial Position
4 - 5


 
1-20A PRINCE OF WALES MANSIONS LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023

The Directors present their report and the financial statements for the year ended 31 December 2023.

Principal activity

The Company was incorporated on 20 December 2004 to purchase the freehold interest of flats 1-20A Prince
of Wales Mansions, London SW11.
Under a participation agreement a number of the leasehold tenants of the property agreed to make
contributions to the Company to fund the purchase price in return for an extension to their existing leases.
The price of the freehold property was negotiated by Mr G French (Chartered Surveyor) of Friend and Falcke in
accordance with the Leasehold Reform Housing and Urban Development Act (1993), as amended by the
Commonhold and Leasehold Reform Act 2002.
The company receives rental income from its interest in the freehold property.
During 2019 a repayment of £35,000 was made on the participants loans reducing the amounts due to participants to £50,944 at the year end.

Share Capital

The authorised share capital of the Company comprises 100 shares of £1 each, divided into 50 'A' ordinary
shares of £1 each and 50 'B' ordinary shares of £1 each ranking pari passu, except that the holders of the 'A'
shares shall only be entitled to vote on matters pertaining to service charges payable in respect of residences
in the building, and shall be transferred to the new tenant once the holders cease to be residents of the
building.
The holders of the 'B' ordinary shares are not obliged to transfer them for any reason, and are also required to
contribute towards any shortfall of monies needed to repay the mortgage taken out by the Company.

Directors

The Directors who served during the year were:

Mr A Atie (resigned 31 August 2023)
Miss C M Fellowes 
Miss C A Molyneux 
Mr  D S Dodd 

Small companies note

In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 




................................................
Miss C M Fellowes
Director

Date: 2 September 2024

Page 1

 
1-20A PRINCE OF WALES MANSIONS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF 1-20A PRINCE OF WALES MANSIONS LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 1-20A Prince of Wales Mansions Limited for the year ended 31 December 2023 which comprise the Income Statement, the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of 1-20A Prince of Wales Mansions Limited, as a body, in accordance with the terms of our engagement letter dated 17 July 2013Our work has been undertaken solely to prepare for your approval the financial statements of 1-20A Prince of Wales Mansions Limited  and state those matters that we have agreed to state to the Board of Directors of 1-20A Prince of Wales Mansions Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 1-20A Prince of Wales Mansions Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that 1-20A Prince of Wales Mansions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 1-20A Prince of Wales Mansions Limited. You consider that 1-20A Prince of Wales Mansions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of 1-20A Prince of Wales Mansions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Gibson Appleby
 
Chartered Accountants
  
1-3 Ship Street
Shoreham by Sea
West Sussex
BN43 5DH
2 September 2024
Page 2

 
1-20A PRINCE OF WALES MANSIONS LIMITED
 
 
INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

2023
2022
£
£

Turnover
  
4,400
4,400

Other income
  
140
24

Other charges
  
(860)
(1,442)

Tax
  
(704)
(567)

Profit
  
2,976
2,415

Page 3

 
1-20A PRINCE OF WALES MANSIONS LIMITED
REGISTERED NUMBER: 05316770

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£


Fixed assets
219,802
219,802

Current assets
47,696
43,175

Creditors: amounts falling due within one year
(4,871)
(3,327)

Net current assets
 
 
42,825
 
 
39,848

Total assets less current liabilities
262,627
259,650

Creditors: amounts falling due after more than one year
(50,944)
(50,943)


Net assets
211,683
208,707



Capital and reserves
211,683
208,707


Page 4

 
1-20A PRINCE OF WALES MANSIONS LIMITED
REGISTERED NUMBER: 05316770
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

Notes


General information

1-20A Prince of Wales Mansions Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Flat 7a, Prince of Wales Mansions, Prince of Wales Drive, London, SW11 4BG.


Average number of employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


Directors' confirmations

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 September 2024.

................................................
Miss C M Fellowes
Director

 
Page 5