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Registration number: 07330633

65-104 Beaufort Mansions Freehold Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 March 2024

 

65-104 Beaufort Mansions Freehold Limited

(Registration number: 07330633)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

21

21

Current assets

 

Cash at bank and in hand

 

7,392

7,319

Creditors: Amounts falling due within one year

5

(2,505)

(1,670)

Net current assets

 

4,887

5,649

Net assets

 

4,908

5,670

Capital and reserves

 

Called up share capital

21

21

Income and expenditure account

4,887

5,649

Shareholders' funds

 

4,908

5,670

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the Board on 14 October 2024 and signed on its behalf by:
 

.........................................
Mrs M G Biasiolo
Director

.........................................
Mr B L D Winkleman
Director

 

65-104 Beaufort Mansions Freehold Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 174 Battersea Park Road, London, SW11 4ND.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

nil - reversionary interest in land only

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Creditors

Short term creditors are measured at the transaction price.

 

65-104 Beaufort Mansions Freehold Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

Due to the nature of the company’s activities there were no employees in the current or previous year.

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2023

21

21

At 31 March 2024

21

21

Depreciation

Carrying amount

At 31 March 2024

21

21

At 31 March 2023

21

21

All 21 flats that contributed to the purchase of the freehold have extended their leases by 999 years and the freehold reversion owned by the company has been impaired to a nominal £1 per flat.
 

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Accruals and deferred income

402

396

Other creditors

2,103

1,274

2,505

1,670