REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements |
For The Year Ended 31 December 2023 |
for |
THIRTY SEVEN TO FIFTY NINE WETHERBY |
MANSIONS LIMITED |
REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements |
For The Year Ended 31 December 2023 |
for |
THIRTY SEVEN TO FIFTY NINE WETHERBY |
MANSIONS LIMITED |
THIRTY SEVEN TO FIFTY NINE WETHERBY |
MANSIONS LIMITED (REGISTERED NUMBER: 04234577) |
Contents of the Financial Statements |
For The Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 |
THIRTY SEVEN TO FIFTY NINE WETHERBY |
MANSIONS LIMITED |
Company Information |
For The Year Ended 31 December 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
T/A Lees-Buckley & Co |
16 Northfields Prospect |
Putney Bridge Road |
London |
SW18 1PE |
THIRTY SEVEN TO FIFTY NINE WETHERBY |
MANSIONS LIMITED (REGISTERED NUMBER: 04234577) |
Report of the Directors |
For The Year Ended 31 December 2023 |
The directors present their report with the financial statements of the company for the year ended 31 December 2023. |
PRINCIPAL ACTIVITY |
The company owns the freehold of 37-59 Wetherby Mansions, Earls Court Square, London SW5 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 1 January 2023 to the date of this report. |
Other changes in directors holding office are as follows: |
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: |
THIRTY SEVEN TO FIFTY NINE WETHERBY |
MANSIONS LIMITED (REGISTERED NUMBER: 04234577) |
Income Statement |
For The Year Ended 31 December 2023 |
31.12.23 | 31.12.22 |
as restated |
Notes | £ | £ |
TURNOVER |
Administrative expenses | ( |
) | ( |
) |
(1,494 | ) | (1,874 | ) |
Other operating income |
OPERATING PROFIT and |
PROFIT BEFORE TAXATION |
Tax on profit |
PROFIT FOR THE FINANCIAL YEAR |
THIRTY SEVEN TO FIFTY NINE WETHERBY |
MANSIONS LIMITED (REGISTERED NUMBER: 04234577) |
Balance Sheet |
31 December 2023 |
31.12.23 | 31.12.22 |
as restated |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 5 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 7 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Non distributable reserve | 9 |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
THIRTY SEVEN TO FIFTY NINE WETHERBY |
MANSIONS LIMITED (REGISTERED NUMBER: 04234577) |
Notes to the Financial Statements |
For The Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Thirty Seven To Fifty Nine Wetherby Mansions Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Service Charge Balances |
The service charge assets and liabilities of 37-59 Wetherby Mansions, Earls Court Square, London SW5, 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 represents rental income for the year. |
Property valuation |
The freehold investment property is shown at valuation by the directors on an open market basis. The surplus net of deferred tax is credited to non distributable reserves. |
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. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
The company owns the freehold of 37-59 Wetherby Mansions, Earls Court Square, London SW5 which is stated at valuation. 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. |
THIRTY SEVEN TO FIFTY NINE WETHERBY |
MANSIONS LIMITED (REGISTERED NUMBER: 04234577) |
Notes to the Financial Statements - continued |
For The Year Ended 31 December 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.23 | 31.12.22 |
as restated |
£ | £ |
Members' loans to fund |
freehold purchase |
Repayable at the discretion of the directors to the members at the time of repayment. |
7. | PROVISIONS FOR LIABILITIES |
31.12.23 | 31.12.22 |
as restated |
£ | £ |
Deferred tax | 15,633 | 15,633 |
Deferred |
tax |
£ |
Balance at 1 January 2023 |
Balance at 31 December 2023 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.23 | 31.12.22 |
value: | as restated |
£ | £ |
Ordinary | £1 | 13 | 13 |
9. | RESERVES |
Non |
Retained | distributable |
earnings | reserve | Totals |
£ | £ | £ |
At 1 January 2023 | 71,532 |
Profit for the year |
At 31 December 2023 | 71,532 |