55 to 60 Hargrave Mansions Limited 5041691 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is maintaining the property at 55-60 Hargrave Mansions, London. Digita Accounts Production Advanced 6.30.9574.0 true true 5041691 2023-03-01 2024-02-29 5041691 2024-02-29 5041691 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-02-29 5041691 core:RetainedEarningsAccumulatedLosses 2024-02-29 5041691 core:ShareCapital 2024-02-29 5041691 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 5041691 core:LandBuildings 2024-02-29 5041691 bus:SmallEntities 2023-03-01 2024-02-29 5041691 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 5041691 bus:FilletedAccounts 2023-03-01 2024-02-29 5041691 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 5041691 bus:RegisteredOffice 2023-03-01 2024-02-29 5041691 bus:CompanySecretaryDirector1 2023-03-01 2024-02-29 5041691 bus:Director3 2023-03-01 2024-02-29 5041691 bus:Director4 2023-03-01 2024-02-29 5041691 bus:Director5 2023-03-01 2024-02-29 5041691 bus:Director6 2023-03-01 2024-02-29 5041691 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-03-01 2024-02-29 5041691 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 5041691 countries:England 2023-03-01 2024-02-29 5041691 2023-02-28 5041691 core:LandBuildings 2023-02-28 5041691 2022-03-01 2023-02-28 5041691 2023-02-28 5041691 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-02-28 5041691 core:RetainedEarningsAccumulatedLosses 2023-02-28 5041691 core:ShareCapital 2023-02-28 5041691 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 5041691 core:LandBuildings 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 5041691

55 to 60 Hargrave Mansions Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

55 to 60 Hargrave Mansions Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

55 to 60 Hargrave Mansions Limited

Company Information

Directors

Jo Partridge

Edmund Edgeworth Butler

Finbarr Wall

Joanna Lampard

Lucian Harland-Lang

Company secretary

Jo Partridge

Registered office

Hiroo
Somerford Road
Cirencester
Gloucestershire
GL7 1TX

Accountants

Lucraft Hodgson & Dawes LLP
2/4 Ash Lane
Rustington
West Sussex
BN16 3BZ

 

55 to 60 Hargrave Mansions Limited

(Registration number: 5041691)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5

5

Current assets

 

Cash at bank and in hand

 

12,958

15,250

Creditors: Amounts falling due within one year

5

(384)

(796)

Net current assets

 

12,574

14,454

Net assets

 

12,579

14,459

Capital and reserves

 

Called up share capital

6

6

6

Profit and loss account

12,573

14,453

Shareholders' funds

 

12,579

14,459

For the financial year ending 29 February 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income and expenditure.

Approved and authorised by the Board on 29 October 2024 and signed on its behalf by:
 

.........................................
Jo Partridge
Company secretary and director

 

55 to 60 Hargrave Mansions Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 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:
Hiroo
Somerford Road
Cirencester
Gloucestershire
GL7 1TX

These financial statements were authorised for issue by the Board on 29 October 2024.

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.

These financial statements are presented in Sterling, which is also the company's functional currency. The financial statements are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and can be reliably measured.

Service charge income and ground rent are recognised in period in which it fall due.

Other income is recognised when received.

 

55 to 60 Hargrave Mansions Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

2

Accounting policies (continued)

Tangible assets

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

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

No depreciation is provided on freehold land, which is stated at cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from leaseholders for service charges or ground rents

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

55 to 60 Hargrave Mansions Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 March 2023

5

5

At 29 February 2024

5

5

Depreciation

Carrying amount

At 29 February 2024

5

5

At 28 February 2023

5

5

Included within the net book value of land and buildings above is £5 (2023 - £5) in respect of freehold land and buildings.
 

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

384

796

384

796

 

55 to 60 Hargrave Mansions Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

6

6

6

6