Registered number
06051314
16 Heyworth Road (Management Company) Ltd
Filleted Accounts
31 January 2024
16 Heyworth Road (Management Company) Ltd
Registered number: 06051314
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,405 1,405
Tangible assets 4 11,190 11,190
12,595 12,595
Current assets
Debtors 5 1,439 1,034
Cash at bank and in hand 2,990 1,668
4,429 2,702
Creditors: amounts falling due within one year 6 (216) (204)
Net current assets 4,213 2,498
Net assets 16,808 15,093
Capital and reserves
Called up share capital 2 2
Profit and loss account 16,806 15,091
Shareholders' funds 16,808 15,093
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.
Benjamin Griffiths
Director
Approved by the board on 2 October 2024
16 Heyworth Road (Management Company) Ltd
Notes to the Accounts
for the year ended 31 January 2024
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 buildings over 50 years
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 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 1,405
At 31 January 2024 1,405
Amortisation
At 31 January 2024 -
Net book value
At 31 January 2024 1,405
At 31 January 2023 1,405
4 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2023 11,190
At 31 January 2024 11,190
Depreciation
At 31 January 2024 -
Net book value
At 31 January 2024 11,190
At 31 January 2023 11,190
5 Debtors 2024 2023
£ £
Other debtors 1,439 1,034
6 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 216 204
7 Controlling party
The company has no sinking fund to meet the cost of any major road repairs. Should these be necessary, the cost will have to be paid for by a charge on members in addition to the usual annual charges.
8 Other information
16 Heyworth Road (Management Company) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
16b Heyworth Road
London
E5 8DR
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