2023-01-01 05535819 2023-12-31 05535819 2023-01-01 2023-12-31 05535819 2022-12-31 05535819 2022-01-01 2022-12-31 05535819 uk-core:ShareCapital 2023-12-31 05535819 uk-core:ShareCapital 2022-12-31 05535819 uk-core:SharePremium 2023-12-31 05535819 uk-core:SharePremium 2022-12-31 05535819 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 05535819 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 05535819 uk-bus:Director1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure 05535819 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05535819 uk-bus:FRS102 2023-01-01 2023-12-31 05535819 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 05535819 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
The Royal Hill Court Residential Headlease Company Limited
Registered Number:05535819
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
The Royal Hill Court Residential Headlease Company Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
05535819
As at 31 December 2023
The Royal Hill Court Residential Headlease Company Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
21,655
21,937
2
21,655
21,937
Total assets less current liabilities
21,655
21,937
21,655
Net assets
21,937
Capital and reserves
Called up share capital
10
10
Share premium account
26,990
26,990
Retained earnings
(5,345)
(5,063)
21,655
21,937
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Adrian Hunt Director
These financial statements were approved and authorised for issue by the Board on 18 June 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
The Royal Hill Court Residential Headlease Company Limited
Notes to the Financial Statements
Statutory Information
The Royal Hill Court Residential Headlease Company Limited is a private limited company, limited by shares,
domiciled in England and Wales, registration number 05535819.
Registered address:
Acorn Estate Management
9 St Marks Road
Bromley
Kent
BR2 9HG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Land and
Buildings
£
Cost or
valuation
At 01 January 2023
27,000
At 31 December 2023
27,000
Provision for depreciation and impairment
At 01 January 2023
5,063
Charge for year
282
At 31 December 2023
5,345
At 31 December 2023
Net book value
21,655
At 31 December 2022
21,937
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5
For the year ended 31 December 2023
The Royal Hill Court Residential Headlease Company Limited
Notes to the Financial Statements Continued
On 5 December 2005 the company purchased the headlease of Flats 1-12 Royal Hill Court at a cost of £27,000. The
lease is for a period of 115 years from 25 March 1986.
Flats that have completed the extension of their leases are as follows:
Property Premium Amount Completion Date
Flat 2 £1,503.25 24/11/2022
Flat 3 £1,621.00 31/05/2016
Flat 6 £1,621.00 09/03/2016
Flat 8 £1,550.00 26/09/2016
Flat 9 £1,700.00 16/08/2016
Flat 10 £1,650.00 20/06/2016
Flat 11 £1,550.00 12/12/2016
Flat 12 £1,550.00 13/04/2016
The Articles of Association of the company state:
"No share shall be alloted or transferred to any person who is not a dwelling-holder. A dwelling-holder shall not be
entitled to dispose of his shareholding in the Company while holding, whether alone or jointly with others, a legal
estate in any dwelling."
The headlease value is subject to annual depreciation, charged on a straight line basis such that the book value on
expiry is zero.
3. Average number of persons employed
During the year the average number of employees was 0
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