REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 JUNE 2024 |
FOR |
TILNEY COURT LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 JUNE 2024 |
FOR |
TILNEY COURT LIMITED |
TILNEY COURT LIMITED (REGISTERED NUMBER: 04356973) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 JUNE 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
TILNEY COURT LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 24 JUNE 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Unit 4 Mulgrave Chambers |
26-28 Mulgrave Road |
Sutton |
Surrey |
SM2 6LE |
TILNEY COURT LIMITED (REGISTERED NUMBER: 04356973) |
BALANCE SHEET |
24 JUNE 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | 7 |
SHAREHOLDERS' FUNDS |
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. |
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 |
TILNEY COURT LIMITED (REGISTERED NUMBER: 04356973) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 JUNE 2024 |
1. | STATUTORY INFORMATION |
Tilney Court Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparation of accounts |
Going concern |
The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts. |
The company does not have its own bank account. All income receivable and liabilities payable are dealt with by the associated company, Catherine Road Residents (Surbiton) Limited. |
The directors, having considered all the information available, are confident that the company has adequate reserves and resources to continue its operational activities for the foreseeable future. Accordingly, the directors are satisfied that the going concern basis continues to be appropriate for the preparation of the annual financial statements. |
Revenue recognition |
Revenue is measured at the fair value of the consideration received or receivable and represents ground rent receivable from leaseholders in the year. |
Revenue is recognised in the accounting period in which the ground rent charge arises. |
Taxation |
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. No liability to corporation tax arises on the ordinary activities of the company as it is a non-profit making organisation. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
The company owns the freehold title of the property known as Tilney Court at Catherine Road, Surbiton, Surrey KT6 4JB which it acquired at no cost. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Due from associated company |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £5 | 95 | 95 |
TILNEY COURT LIMITED (REGISTERED NUMBER: 04356973) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 24 JUNE 2024 |
7. | RESERVES |
Retained |
earnings |
£ |
At 25 June 2023 |
Profit for the year |
At 24 June 2024 |
8. | RELATED PARTY DISCLOSURES |
Catherine Road Residents (Surbiton) Limited |
A company under common control and direction. |
Catherine Road Residents (Surbiton) Limited holds all cash and meets all liabilities, if any, on behalf of Tilney Court Limited. |
During the year, Catherine Road Residents (Surbiton) Limited collected ground rent of £25 (2023 - £25) on behalf of the company, which has not been remitted. At the balance sheet date, an amount of £525 (2023 - £500) was owed to the company by Catherine Road Residents (Surbiton) Limited. |