Registered number
04222181
St. Mary's Court Herne Bay Limited
Filleted Accounts
31 December 2023
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
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