Company registration number 01697758 (England and Wales)
12 RANDOLPH CRESCENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
12 RANDOLPH CRESCENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
12 RANDOLPH CRESCENT LIMITED
BALANCE SHEET
AS AT
24 MARCH 2024
24 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
10,890
7,832
Cash at bank and in hand
9,369
2,389
20,259
10,221
Creditors: amounts falling due within one year
5
(6,203)
(6,892)
Net current assets
14,056
3,329
Capital and reserves
Called up share capital
9
9
Reserve Fund
14,047
3,320
Total equity
14,056
3,329
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 24 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 24 October 2024 and are signed on its behalf by:
R J Chestnut
Director
Company Registration No. 01697758
12 RANDOLPH CRESCENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 MARCH 2024
- 2 -
1
Accounting policies
Company information
12 Randolph Crescent Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o Trent Park Properties LLP, Devonshire House, Manor Way, Borehamwood, Herts, WD6 1QQ.
1.1
Accounting convention
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents income received in respect of service charges.
1.3
The company has no income or expenditure in its own right, all transactions in the year being related to the maintenance of the common parts in accordance with the lease. Service Charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1
Other debtors
10,890
7,831
10,890
7,832
12 RANDOLPH CRESCENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 24 MARCH 2024
- 3 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
6,203
6,892
6
Investments
The company owns the freehold of 12-14 Randolph Crescent, London W9, although no value is placed thereon in these financial statements.
The company owns one share in Triangle Amenity Company Limited, which owns the communal gardens used by the lessees of 12-14 Randolph Crescent. No value is attributed to this share in these financial statements.