REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Year Ended 24 March 2024 |
for |
IVERNA COURT FREEHOLD LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Year Ended 24 March 2024 |
for |
IVERNA COURT FREEHOLD LIMITED |
IVERNA COURT FREEHOLD LIMITED (REGISTERED NUMBER: 02375796) |
Contents of the Financial Statements |
For The Year Ended 24 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
IVERNA COURT FREEHOLD LIMITED |
Company Information |
For The Year Ended 24 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
T/A Lees-Buckley & Co |
16 Northfields Prospect |
Putney Bridge Road |
London |
SW18 1PE |
IVERNA COURT FREEHOLD LIMITED (REGISTERED NUMBER: 02375796) |
Balance Sheet |
24 March 2024 |
24.3.24 | 24.3.23 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 8 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Share premium |
Non distributable reserves | 10 |
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. |
IVERNA COURT FREEHOLD LIMITED (REGISTERED NUMBER: 02375796) |
Balance Sheet - continued |
24 March 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
IVERNA COURT FREEHOLD LIMITED (REGISTERED NUMBER: 02375796) |
Notes to the Financial Statements |
For The Year Ended 24 March 2024 |
1. | STATUTORY INFORMATION |
Iverna Court Freehold Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Property valuation |
The freehold investment property was valued on 22nd February 2008 by the directors and the revaluation surplus of £210,158 net of the deferred tax provision of £25,632 credited to non distributable reserves. |
Service charge balances |
The service charge assets and liabilities of 1-27 Iverna Court, London W8, of which the company is a trustee, have in previous years been included as equal and opposite entries in the company's balance sheet and notes. These have now been excluded in both the current year and comparative figures in accordance with ICAEW Technical Release 3/11. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 25 March 2023 |
and 24 March 2024 |
NET BOOK VALUE |
At 24 March 2024 |
At 24 March 2023 |
The company owns the freehold reversionary interest in 1-27 Iverna Court, London W8, subject to long leases granted to the members of the company, which is stated at valuation. |
In the opinion of the directors there was no material difference between the book and fair value of the property at 24th March 2024. |
Fair value at 24 March 2024 is represented by: |
£ |
Valuation in 2008 | 210,158 |
Cost | 39,842 |
250,000 |
IVERNA COURT FREEHOLD LIMITED (REGISTERED NUMBER: 02375796) |
Notes to the Financial Statements - continued |
For The Year Ended 24 March 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
24.3.24 | 24.3.23 |
as restated |
£ | £ |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
24.3.24 | 24.3.23 |
as restated |
£ | £ |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
24.3.24 | 24.3.23 |
as restated |
£ | £ |
Shareholders' interest free |
loans | 29,232 | 29,232 |
8. | PROVISIONS FOR LIABILITIES |
24.3.24 | 24.3.23 |
as restated |
£ | £ |
Deferred tax | 25,632 | 25,632 |
Deferred |
tax |
£ |
Balance at 25 March 2023 |
Balance at 24 March 2024 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 24.3.24 | 24.3.23 |
value: | as restated |
£ | £ |
Ordinary | £1 | 30 | 30 |
10. | RESERVES |
Non |
distributable |
reserves |
£ |
At 25 March 2023 |
and 24 March 2024 |