REGISTERED NUMBER: |
LEA BRIDGE ROAD BLOCK A |
MANAGEMENT COMPANY LIMITED |
(A COMPANY LIMITED BY GUARANTEE AND NOT |
HAVING A SHARE CAPITAL) |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2024 |
REGISTERED NUMBER: |
LEA BRIDGE ROAD BLOCK A |
MANAGEMENT COMPANY LIMITED |
(A COMPANY LIMITED BY GUARANTEE AND NOT |
HAVING A SHARE CAPITAL) |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2024 |
LEA BRIDGE ROAD BLOCK A |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02356410) |
(A COMPANY LIMITED BY GUARANTEE AND NOT |
HAVING A SHARE CAPITAL) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
LEA BRIDGE ROAD BLOCK A |
MANAGEMENT COMPANY LIMITED |
(A COMPANY LIMITED BY GUARANTEE AND NOT |
HAVING A SHARE CAPITAL) |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
t/a Findlay Wetherfield Scott & Co., |
Chartered Accountants |
137, Station Road, |
Chingford, |
London |
E4 6AG |
BANKERS: |
PO Box 1000, |
BX2 1LB |
MANAGING AGENTS: |
22 Courtland Avenue, |
North Chingford, |
London, |
E4 6DU |
LEA BRIDGE ROAD BLOCK A |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02356410) |
(A COMPANY LIMITED BY GUARANTEE AND NOT |
HAVING A SHARE CAPITAL) |
BALANCE SHEET |
31ST MARCH 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Members deposits | 6 |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
LEA BRIDGE ROAD BLOCK A |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02356410) |
(A COMPANY LIMITED BY GUARANTEE AND NOT |
HAVING A SHARE CAPITAL) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2024 |
1. | STATUTORY INFORMATION |
Lea Bridge Road Block A Management Company Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
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. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Owed by lessees for |
service charges levied |
Other debtors |
LEA BRIDGE ROAD BLOCK A |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02356410) |
(A COMPANY LIMITED BY GUARANTEE AND NOT |
HAVING A SHARE CAPITAL) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Excess received from lessees |
for service charges levied | 2,553 | 1,596 |
Held by company |
in Trust for lessees | 18,974 | 19,775 |
Accrued expenses |
6. | RESERVES |
Members |
deposits |
£ |
At 1st April 2023 |
and 31st March 2024 |
The capital of the company consists of a deposit of £300 received from each member of the company, being the lessees of Flats 1 to 30 Liden Close, Walthamstow, London, E17. |
7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
Each director is also a lessee of the property and service charges etc. were levied on normal commercial terms. The service charges etc. due by each director and the balances due to, or from, each director as at the balance sheet date are as shown below. |
2024 | 2023 |
£ | £ |
S.G. Routledge | Services charges, etc. | 2,890 | 2,890 |
Balance due from (to) the director | - | - |
B.A. Millan | Services charges, etc. | 4,046 | 4,046 |
Balance due from (to) the director | - | - |
P. Curran | Services charges, etc. | 1,734 | 1,734 |
Balance due from (to) the director | - | - |
Service charges and supplementary service charges shown above only relate to the period each individual was a director. None of these transactions are with the company directly but they are with the company acting as agent on behalf of the lessees. |
8. | RELATED PARTY DISCLOSURES |
There is no overall controlling party. Each lessee is a member of the company, whose liability to the company is shown in note 9 below. |
During the year the company bought managing agent and additional related services amounting to £7,052 (previous year - £6,152) from Maison Residential Limited, a company owned by D.A. Reese. All of these services were provided on a normal commercial basis. Amounts outstanding at the balance sheet date and due to the supplier were £nil (previous year - £300). These amounts are included within accrued expenses. |
LEA BRIDGE ROAD BLOCK A |
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02356410) |
(A COMPANY LIMITED BY GUARANTEE AND NOT |
HAVING A SHARE CAPITAL) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2024 |
9. | SHARE CAPITAL |
The company is limited by guarantee and does not have a share capital. In the event of the company being wound up, the liability of any current member, or member who ceased within the last year, is limited to £1. |