Registered number
03218813
77 Rutland Road Hove Ltd
Report and Accounts
31 July 2024
77 Rutland Road Hove Ltd
Company Information
Directors
D Edmonds
S M Huggett
L Maxwell
Secretary
S M Huggett
Accountants
S C Vincent ATT (Fellow)
35 Roman Avenue
Angmering
Littlehampton
West Sussex
BN16 4GH
Bankers
Santander
Customer Service Centre
Bootle
Merseyside
L30 4GB
Registered office
Flat 3
77 Rutland Road
Hove
East Sussex
BN3 5FE
Registered number
03218813
77 Rutland Road Hove Ltd
Registered number: 03218813
Directors' Report
The directors present their report and accounts for the year ended 31 July 2024.
Principal activities
The company's principal activity during the year continued to be that of the management of the freehold known as 77 Rutland Road, Hove, East Sussex on a non profit making basis.
Directors
The following persons served as directors during the year:
D Edmonds
S M Huggett
L Maxwell
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 17 September 2024 and signed on its behalf.
Mr S M Huggett
Director
77 Rutland Road Hove Ltd
Accountants' Report
Accountants' report to the directors of
77 Rutland Road Hove Ltd
You consider that the company is exempt from an audit for the year ended 31 July 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
S C Vincent ATT (Fellow)
Accountant
35 Roman Avenue
Angmering
Littlehampton
West Sussex
BN16 4GH
17 September 2024
77 Rutland Road Hove Ltd
Profit and Loss Account
for the year ended 31 July 2024
2024 2023
£ £
Turnover 2,758 2,758
Administrative expenses (1,922) (1,659)
Operating profit 836 1,099
Profit before taxation 836 1,099
Tax on profit - -
Profit for the financial year 836 1,099
77 Rutland Road Hove Ltd
Registered number: 03218813
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,781 4,781
Current assets
Debtors 4 4 4
Cash at bank and in hand 6,052 5,254
6,056 5,258
Creditors: amounts falling due within one year 5 (525) (563)
Net current assets 5,531 4,695
Total assets less current liabilities 10,312 9,476
Creditors: amounts falling due after more than one year 6 (4,781) (4,781)
Net assets 5,531 4,695
Capital and reserves
Called up share capital 4 4
General reserve 5,527 4,691
Shareholders' funds 5,531 4,695
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S M Huggett
Director
Approved by the board on 17 September 2024
77 Rutland Road Hove Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents income from maintenance and reserve contributions due from the leaseholders of 77 Rutland Road, Hove, East Sussex.
Tangible fixed assets
Freehold land is not depreciated. The building is maintained in its existing by the Company using maintenance contributions from the residents.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 August 2023 4,781
At 31 July 2024 4,781
Depreciation
At 31 July 2024 -
Net book value
At 31 July 2024 4,781
At 31 July 2023 4,781
4 Debtors 2024 2023
£ £
Called up share capital not paid 4 4
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 525 563
6 Creditors: amounts falling due after one year 2024 2023
£ £
Monies introduced to purchase freehold 4,781 4,781
7 Other information
77 Rutland Road Hove Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Flat 3
77 Rutland Road
Hove
East Sussex
BN3 5FE
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