REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28TH SEPTEMBER 2023 |
FOR |
SWEDISH QUAYS (FREEHOLD) LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28TH SEPTEMBER 2023 |
FOR |
SWEDISH QUAYS (FREEHOLD) LIMITED |
SWEDISH QUAYS (FREEHOLD) LIMITED (REGISTERED NUMBER: 03242379) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28TH SEPTEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
SWEDISH QUAYS (FREEHOLD) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 28TH SEPTEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
First Floor, Jebsen House |
53-61 High Street |
Ruislip |
Middlesex |
HA4 7BD |
SWEDISH QUAYS (FREEHOLD) LIMITED (REGISTERED NUMBER: 03242379) |
BALANCE SHEET |
28TH SEPTEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps 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 Sections 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. |
SWEDISH QUAYS (FREEHOLD) LIMITED (REGISTERED NUMBER: 03242379) |
BALANCE SHEET - continued |
28TH SEPTEMBER 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
SWEDISH QUAYS (FREEHOLD) LIMITED (REGISTERED NUMBER: 03242379) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28TH SEPTEMBER 2023 |
1. | STATUTORY INFORMATION |
Swedish Quays (Freehold) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents ground rents receivable. |
Taxation |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Tangible fixed assets |
Tangible fixed assets comprise freehold land and buildings and car parking spaces, held as investments. |
No depreciation is provided on the freehold property as the directors consider the depreciation charge to be immaterial. The directors do not consider it necessary to perform an annual impairment review as they consider the net realisable value exceeds cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
At 29th September 2022 |
and 28th September 2023 |
NET BOOK VALUE |
At 28th September 2023 |
At 28th September 2022 |
SWEDISH QUAYS (FREEHOLD) LIMITED (REGISTERED NUMBER: 03242379) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28TH SEPTEMBER 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
Due from lessees | 1,535 | 450 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Lessee payments in advance | 2,490 | 1,328 |
Due to Swedish Quays Residents Society Limited |
12,882 |
12,882 |
Accrued expenses |
7. | RELATED PARTY DISCLOSURES |
Swedish Quays Residents Society Limited deals with the management of flats 1 to 95, Swedish Quays, Rope Street, Southwark, London, whilst Swedish Quays (Freehold) Limited collects ground rents on the freehold. |
Swedish Quays (Freehold) Limited has an agreement with Swedish Quays Residents Society Limited under which it will operate an intercompany account recording amounts paid by the Society on behalf of Swedish Quays (Freehold) Limited, and amounts received by the Society. The accounts show an amount owed to Swedish Quays Residents Society Limited by Swedish Quays (Freehold) Limited as at 28th September 2023 of £12,882 (2022 - £12,882). |