Registered number
02408684
Newington Green Management Limited
Filleted Accounts
31 December 2023
Newington Green Management Limited
Registered number: 02408684
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,535 1,535
Current assets
Debtors 4 6,090 4,059
Cash at bank and in hand 8,276 8,341
14,366 12,400
Creditors: amounts falling due within one year 5 (1,451) (643)
Net current assets 12,915 11,757
Net assets 14,450 13,292
Capital and reserves
Called up share capital 3 3
Profit and loss account 1,830 1,830
Property reserves 12,617 11,459
Shareholders' funds 14,450 13,292
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.
F J MELINEK
Director
Approved by the board on 15 September 2024
Newington Green Management Limited
Notes to the Accounts
for the year ended 31 December 2023
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).
The accounts are prepared in sterling, which is the functional currency of the company. Monetary amounts in these accounts have been rounded to the nearest £.
Other operating income
Other operating income are amounts due from the lessees in accordance with the terms of their individual leases.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land.
Debtors
Short term debtors are amounts due from the lessees for rechargeable expenses.
Creditors
Short term creditors are amounts received in advance from lessees and expense accruals.
Taxation
The company is liable to pay corporation tax as it is a non-profit making property manangement company.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Freehold Land
£
Cost
At 1 January 2023 1,535
At 31 December 2023 1,535
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 1,535
At 31 December 2022 1,535
4 Debtors 2023 2022
£ £
Prepayments and accrued income 6,090 4,059
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 1,451 643
6 Other information
Newington Green Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
35d Newington Green
London
N16 9PR
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