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REGISTERED NUMBER: 02088515 (England and Wales)














QUEENS ROAD (BLOCK I)
MANAGEMENT COMPANY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






QUEENS ROAD (BLOCK I)
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02088515)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUEENS ROAD (BLOCK I)
MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: B.A. Millan
S.G. Routledge
L. Babic
S. Prankard
D.G.M. Reese



SECRETARY: Maison Residential Limited



REGISTERED OFFICE: 22 Courtland Avenue,
North Chingford,
London,
E4 6DU



REGISTERED NUMBER: 02088515 (England and Wales)



ACCOUNTANTS: Cobbin Floyd Ltd
t/a Findlay Wetherfield Scott & Co.,
Chartered Accountants
137, Station Road,
Chingford,
London
E4 6AG



BANKERS: Bank of Scotland plc.,
PO Box 1000
BX2 1LB



MANAGING AGENTS: Maison Residential Limited
22 Courtland Avenue,
North Chingford,
London,
E4 6DU

QUEENS ROAD (BLOCK I)
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02088515)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 3,269 115
Cash at bank 18,911 24,441
22,180 24,556
CREDITORS
Amounts falling due within one year 5 16,753 19,129
NET CURRENT ASSETS 5,427 5,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,427

5,427

CREDITORS
Amounts falling due after more than one
year

6

5,400

5,400
NET ASSETS 27 27

CAPITAL AND RESERVES
Called up share capital 27 27
SHAREHOLDERS' FUNDS 27 27

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

QUEENS ROAD (BLOCK I)
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02088515)

BALANCE SHEET - continued
31ST MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd August 2024 and were signed on its behalf by:




S.G. Routledge - Director



B.A. Millan - Director


QUEENS ROAD (BLOCK I)
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02088515)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Queens Road (Block I) Management Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 3,269 115
3,269 115

QUEENS ROAD (BLOCK I)
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02088515)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,845 1,845
Excess received from lessees
for service charges levied 1,036 2,144
Held by company
in Trust for lessees 12,273 13,591
Accrued expenses 1,599 1,549
16,753 19,129

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Deposits due to lessees 5,400 5,400

The leases expire during 2086, on which dates the deposits received from the lessees are due to be refunded.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Each director is also a lessee of the property and service charges and interest were levied on normal commercial terms. The amounts charged to the directors during the year for the period of ownership and the balance due either to or by each director at the year end date are as shown below.
20242023
££

B.A. MillanService charges, etc.3,5213,355
Balance due to (by) the lessee at the year end date--

S.G. RoutledgeService charges, etc.4,8424,613
Balance due to (by) the lessee at the year end date--

L. BabicService charges, etc.1,3211,258
Balance due to (by) the lessee at the year end date--

S. PrankardService charges, etc.1,3211,258
Balance due to (by) the lessee at the year end date--

D.G.M. ReeseService charges, etc1,3211,258
Balance due to (by) the lessee at the year end date--

Service charges and supplementary service charges shown above relate only 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 owns 1 issued ordinary share in the company for each property owned.