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 |