Registration number:
St Paul's Court Limited
for the Year Ended 24 December 2023
St Paul's Court Limited
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
St Paul's Court Limited
Company Information
Directors |
Mr Zubair Khizar Mr Adil Ganai Mr Alan Edward Marke Mr Keith Andrew Mallinson Dr Laura Kerner Janes Mr Alexander Shooter Ms Linda Anne Whitington Mr Wissam Charbel Eid |
Registered office |
|
Accountants |
|
St Paul's Court Limited
(Registration number: 01513010)
Balance Sheet as at 24 December 2023
Note |
2023 |
(As restated) |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
- |
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
13,600 |
13,600 |
|
Retained earnings |
58,516 |
55,837 |
|
Shareholders' funds |
72,116 |
69,437 |
For the financial year ending 24 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
St Paul's Court Limited
(Registration number: 01513010)
Balance Sheet as at 24 December 2023
......................................... |
St Paul's Court Limited
Notes to the Unaudited Financial Statements for the Year Ended 24 December 2023
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises service charge contributions received from the leaseholders of St Paul's Court.
Tax
The tax expense for the current period comprises of current tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
St Paul's Court Limited
Notes to the Unaudited Financial Statements for the Year Ended 24 December 2023
Depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
25% on cost |
Buildings |
Depreciation is not provided on freehold land and buildings as they are maintained regularly to a high standard and would not have a material effect on the financial statements. |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from leaseholders for service charge demands issued during the year.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost less impairment.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
St Paul's Court Limited
Notes to the Unaudited Financial Statements for the Year Ended 24 December 2023
Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic Financial assets
Basic Financial liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
St Paul's Court Limited
Notes to the Unaudited Financial Statements for the Year Ended 24 December 2023
Tangible assets |
Land and buildings |
Plant and machinery |
Total |
|
Cost or valuation |
|||
At 25 December 2022 |
|
|
|
At 24 December 2023 |
|
|
|
Depreciation |
|||
At 25 December 2022 |
- |
|
|
At 24 December 2023 |
- |
|
|
Carrying amount |
|||
At 24 December 2023 |
|
- |
|
At 24 December 2022 |
|
- |
|
Included within the net book value of land and buildings above is £62,602 (2022 - £62,602) in respect of freehold land and buildings.
St Paul's Court Limited
Notes to the Unaudited Financial Statements for the Year Ended 24 December 2023
Debtors |
2023 |
(As restated) |
|
Trade debtors |
|
- |
Other debtors |
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
2023 |
(As restated) |
|
Due within one year |
||
Taxation and social security |
|
|
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
13,600 |
|
13,600 |