St Paul's Court Limited 01513010 false 2022-12-25 2023-12-24 2023-12-24 The principal activity of the company is that of an organisation which exists to manage St Paul's Court, an estate comprising 267 flats and houses in West Kensington. There has been no change in this activity during the year and no change is anticipated in the coming year. Digita Accounts Production Advanced 6.30.9574.0 true 01513010 2022-12-25 2023-12-24 01513010 2023-12-24 01513010 bus:OrdinaryShareClass1 2023-12-24 01513010 core:CurrentFinancialInstruments 2023-12-24 01513010 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-24 01513010 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-24 01513010 core:PlantMachinery 2023-12-24 01513010 bus:SmallEntities 2022-12-25 2023-12-24 01513010 bus:AuditExemptWithAccountantsReport 2022-12-25 2023-12-24 01513010 bus:FullAccounts 2022-12-25 2023-12-24 01513010 bus:SmallCompaniesRegimeForAccounts 2022-12-25 2023-12-24 01513010 bus:RegisteredOffice 2022-12-25 2023-12-24 01513010 bus:Director1 2022-12-25 2023-12-24 01513010 bus:Director10 2022-12-25 2023-12-24 01513010 bus:Director11 2022-12-25 2023-12-24 01513010 bus:Director13 2022-12-25 2023-12-24 01513010 bus:Director16 2022-12-25 2023-12-24 01513010 bus:Director2 2022-12-25 2023-12-24 01513010 bus:Director3 2022-12-25 2023-12-24 01513010 bus:Director9 2022-12-25 2023-12-24 01513010 bus:OrdinaryShareClass1 2022-12-25 2023-12-24 01513010 bus:PrivateLimitedCompanyLtd 2022-12-25 2023-12-24 01513010 core:Buildings 2022-12-25 2023-12-24 01513010 core:PlantMachinery 2022-12-25 2023-12-24 01513010 countries:England 2022-12-25 2023-12-24 01513010 2022-12-24 01513010 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-24 01513010 core:PlantMachinery 2022-12-24 01513010 2021-12-25 2022-12-24 01513010 2022-12-24 01513010 bus:OrdinaryShareClass1 2022-12-24 01513010 core:CurrentFinancialInstruments 2022-12-24 01513010 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-24 01513010 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-24 01513010 core:PlantMachinery 2022-12-24 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01513010

St Paul's Court Limited

Unaudited Filleted Financial Statements

for the Year Ended 24 December 2023

 

St Paul's Court Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

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

Estate Office
St Paul's Court
Colet Gardens
London
W14 9YA

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

St Paul's Court Limited

(Registration number: 01513010)
Balance Sheet as at 24 December 2023

Note

2023
£

(As restated)

2022
£

Fixed assets

 

Tangible assets

4

62,602

62,602

Current assets

 

Debtors

5

7,871

7,353

Cash at bank and in hand

 

2,272

-

 

10,143

7,353

Creditors: Amounts falling due within one year

6

(629)

(518)

Net current assets

 

9,514

6,835

Net assets

 

72,116

69,437

Capital and reserves

 

Called up share capital

7

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 17 September 2024 and signed on its behalf by:
 

 

St Paul's Court Limited

(Registration number: 01513010)
Balance Sheet as at 24 December 2023

.........................................
Ms Linda Anne Whitington
Director

 

St Paul's Court Limited

Notes to the Unaudited Financial Statements for the Year Ended 24 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Estate Office
St Paul's Court
Colet Gardens
London
W14 9YA

2

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

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its 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 assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
 

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2022 - 14).

 

St Paul's Court Limited

Notes to the Unaudited Financial Statements for the Year Ended 24 December 2023

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 25 December 2022

62,602

8,936

71,538

At 24 December 2023

62,602

8,936

71,538

Depreciation

At 25 December 2022

-

8,936

8,936

At 24 December 2023

-

8,936

8,936

Carrying amount

At 24 December 2023

62,602

-

62,602

At 24 December 2022

62,602

-

62,602

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

5

Debtors

2023
£

(As restated)

2022
£

Trade debtors

80

-

Other debtors

7,791

7,353

7,871

7,353

6

Creditors

Creditors: amounts falling due within one year

2023
£

(As restated)

2022
£

Due within one year

Taxation and social security

629

518

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £50 each

272

13,600

272

13,600