Registered number
12114076
ROUNDACRE MANAGEMENT CO (BLOCK) LTD
Unaudited Filleted Accounts
31 December 2023
ROUNDACRE MANAGEMENT CO (BLOCK) LTD
Registered number: 12114076
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,620 1,620
Current assets
Debtors 4 2,028 831
Cash at bank and in hand 5,113 17,828
7,141 18,659
Creditors: amounts falling due within one year 5 (1,142) (1,312)
Net current assets 5,999 17,347
Net assets 7,619 18,967
Capital and reserves
Called up share capital 6 6
Freehold purchase reserve 1,620 1,620
Block Major Repairs Fund 5,993 17,341
Shareholders' funds 7,619 18,967
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.
Patrick Elwood
Director
Approved by the board on 17 September 2024
ROUNDACRE MANAGEMENT CO (BLOCK) LTD
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).
Income
The income shown in the income and expenditure account comprises service charges receivable by the Company.
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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold property Not depreciated
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 1,620
At 31 December 2023 1,620
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 1,620
At 31 December 2022 1,620
4 Debtors 2023 2022
£ £
Prepayments and accrued income 2,028 831
5 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals and deferred income 1,142 1,312
6 Reserves
Freehold Purchase Reserve
The Freehold Purchase Reserve represents amounts received from members in respect of the purchase of the freehold of the block of flats at Roundacre.
Block Major Repairs Fund
The Block Major Repairs Fund represents retained funds set aside for future major repair works to the flats at Roundacre.
7 Other information
ROUNDACRE MANAGEMENT CO (BLOCK) LTD is a private company limited by shares and incorporated in England. Its registered office is:
15 Roundacre
Inner Park Road
London
SW19 6DB
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