REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
QUEENS COURT (BEXHILL) LIMITED |
(LIMITED BY GUARANTEE AND NOT HAVING A |
SHARE CAPITAL) |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
QUEENS COURT (BEXHILL) LIMITED |
(LIMITED BY GUARANTEE AND NOT HAVING A |
SHARE CAPITAL) |
QUEENS COURT (BEXHILL) LIMITED (REGISTERED NUMBER: 01568629) |
(LIMITED BY GUARANTEE AND NOT HAVING A |
SHARE CAPITAL) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Statement of Directors' Responsibilities | 5 |
Independent Accountants' Review Report | 6 |
QUEENS COURT (BEXHILL) LIMITED |
(LIMITED BY GUARANTEE AND NOT HAVING A |
SHARE CAPITAL) |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants & Business Advisers |
20 Havelock Road |
Hastings |
East Sussex |
TN34 1BP |
QUEENS COURT (BEXHILL) LIMITED (REGISTERED NUMBER: 01568629) |
(LIMITED BY GUARANTEE AND NOT HAVING A |
SHARE CAPITAL) |
BALANCE SHEET |
30 JUNE 2024 |
30.6.24 | 30.6.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
General reserves | 7 |
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 surplus or deficit 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 were approved by the Board of Directors and authorised for issue on |
QUEENS COURT (BEXHILL) LIMITED (REGISTERED NUMBER: 01568629) |
(LIMITED BY GUARANTEE AND NOT HAVING A |
SHARE CAPITAL) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
1. | STATUTORY INFORMATION |
Queens Court (Bexhill) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The directors have made an assessment and do not consider there to be any material uncertainties about the company's ability to continue as a going concern. As a result they have adopted the going concern basis of accounting. |
Depreciation |
It is the company's policy to maintain the freehold property in a state of good repair and as a result the life of the property and its residual value is such that no depreciation is considered necessary. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
At 1 July 2023 |
and 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
Queens Court, West Parade, Bexhill-on-sea |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Trade debtors |
Prepayments |
QUEENS COURT (BEXHILL) LIMITED (REGISTERED NUMBER: 01568629) |
(LIMITED BY GUARANTEE AND NOT HAVING A |
SHARE CAPITAL) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Maintenance in advance |
Lessees service charge account | 23,546 | 26,111 |
Accruals and trade creditors |
7. | RESERVES |
30.06.20 | 30.06.19 |
General reserves | 3,600 | 3,600 |
The above reserves represent monies initially introduced by the lessees for the purchase of the freehold property. |
The loan is made up of contributions of £150 for each of the 24 flats. |
8. | RELATED PARTY DISCLOSURES |
Included within repairs to property and cleaning expenses are payments of £8,935 to company director R Hyatt. |
9. | MEMBERS' LIABILITY |
The company is limited by guarantee, and in the event of a winding-up the liability of each individual member is limited to £1. |
QUEENS COURT (BEXHILL) LIMITED (REGISTERED NUMBER: 01568629) |
(LIMITED BY GUARANTEE AND NOT HAVING A |
SHARE CAPITAL) |
STATEMENT OF DIRECTORS' RESPONSIBILITIES |
FOR THE YEAR ENDED 30 JUNE 2024 |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations. |
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to: |
- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
ON BEHALF OF THE BOARD: |
4 September 2024 |
INDEPENDENT ACCOUNTANTS' REVIEW REPORT TO THE DIRECTORS OF |
QUEENS COURT (BEXHILL) LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
We have reviewed the financial statements of Queens Court (Bexhill) Limited for the year ended 30 June 2021, which | comprise the Income Statement, Balance Sheet and the related notes 1 to 9. The financial reporting framework that | has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom | Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting | Standard applicable in the UK and Republic of Ireland'. |
This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. Our | review has been undertaken so that we might state to the directors those matters that we have agreed with them in | our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume | responsibility to anyone other than the company and the company's directors as a body for our work, for this report | or the conclusions we have formed. |
Directors' responsibility for the financial statements |
As explained more fully in the Directors' Responsibilities Statement set out on page seven, the directors are | responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. |
Accountants' responsibility |
Our responsibility is to express a conclusion based on our review of expenditure, comparing this the figures in the | financial statements to the supporting invoices, on a sample basis. |
Conclusion |
Based on our review, nothing has come to our attention that causes us to believe that the financial statements have | not been prepared: |
- so as to give a true and fair view of the state of the company's affairs as at 30 June 2021 and of its profit for the | year then ended; |
- in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard | 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and |
- in accordance with the requirements of the Companies Act 2006. |
Chartered Accountants & Business Advisers |
20 Havelock Road |
Hastings |
East Sussex |
TN34 1BP |