St. Mary's Court Herne Bay Limited |
Registered number: |
04222181 |
Balance Sheet |
as at 31 December 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
57,500 |
|
|
57,500 |
|
Current assets |
Debtors |
3 |
|
- |
|
|
1,318 |
Cash at bank and in hand |
|
|
3,385 |
|
|
- |
|
|
|
3,385 |
|
|
1,318 |
|
Creditors: amounts falling due within one year |
4 |
|
(2,307) |
|
|
(240) |
|
Net current assets |
|
|
|
1,078 |
|
|
1,078 |
|
Total assets less current liabilities |
|
|
|
58,578 |
|
|
58,578 |
|
Creditors: amounts falling due after more than one year |
5 |
|
|
(58,380) |
|
|
(58,380) |
|
|
|
Net assets |
|
|
|
198 |
|
|
198 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
18 |
|
|
18 |
Profit and loss account |
|
|
|
180 |
|
|
180 |
|
Shareholders' funds |
|
|
|
198 |
|
|
198 |
|
|
|
|
|
|
|
|
Number |
Number |
Average number of employees |
|
|
|
- |
|
|
- |
|
|
|
|
|
|
|
|
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. |
|
|
|
|
W D Gibbs |
Director |
Approved by the board on 30 September 2024 |
|
St. Mary's Court Herne Bay Limited |
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 |
|
Income is measured at the fair value of the consideration received or receivable. Income includes revenue from ground rent due from the lessees. No VAT is due thereon. |
|
|
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. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
|
2 |
Tangible fixed assets |
|
|
Tangible fixed assets comprise freehold land and buildings at St Mary's Court in Herne Bay. This is recorded at the original cost at which it was acquired. |
|
|
3 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Amounts owed by St Mary's Court service charge fund |
|
- |
|
1,318 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
2,037 |
|
- |
|
Other creditors |
270 |
|
240 |
|
|
|
|
|
|
2,307 |
|
240 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
|
Shareholder loans |
58,380 |
|
58,380 |
|
|
|
|
|
|
|
|
|
|
The 18 shareholders participating in the purchase of the freehold interest during the year ended 31 December 2001 introduced interest free loans to the company in order to fund the purchase. There are no repayment plans for the loans, which would only be repayable on the sale of the freehold land and buildings. |
|
6 |
Other information |
|
|
St. Mary's Court Herne Bay Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
James Pilcher House |
|
49/50 Windmill Street |
|
Gravesend |
|
Kent |
|
DA12 1BG |