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REGISTERED NUMBER: 04286948 (England and Wales)















Unaudited Financial Statements

For The Year Ended 31 March 2024

for

ALTHORPE GROVE FREEHOLD LIMITED

ALTHORPE GROVE FREEHOLD LIMITED (REGISTERED NUMBER: 04286948)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALTHORPE GROVE FREEHOLD LIMITED

Company Information
For The Year Ended 31 March 2024







DIRECTORS: L R S E Sinclair
C R Dawnay
L A Hemmings
B T Richmond
A J Stead
J E P Larkin
L G Grant
W R Hadwen





REGISTERED OFFICE: Unit 16
Northfields Prospect Business Centre
Putney Bridge Road
London
SW18 1PE





REGISTERED NUMBER: 04286948 (England and Wales)





ACCOUNTANTS: LBCo Ltd
T/A Lees-Buckley & Co
16 Northfields Prospect
Putney Bridge Road
London
SW18 1PE

ALTHORPE GROVE FREEHOLD LIMITED (REGISTERED NUMBER: 04286948)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 19,036 19,036

CURRENT ASSETS
Debtors 5 406,581 410,807

CREDITORS
Amounts falling due within one year 6 86,655 52,800
NET CURRENT ASSETS 319,926 358,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,962

377,043

PROVISIONS FOR LIABILITIES 7 276,023 252,552
NET ASSETS 62,939 124,491

CAPITAL AND RESERVES
Called up share capital 8 85 85
Share premium 9 3,249 3,249
Other reserves 9 76,400 76,400
Retained earnings 9 (16,795 ) 44,757
SHAREHOLDERS' FUNDS 62,939 124,491

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

ALTHORPE GROVE FREEHOLD LIMITED (REGISTERED NUMBER: 04286948)

Balance Sheet - continued
31 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 29 October 2024 and were signed on its behalf by:




L G Grant - Director



A J Stead - Director


ALTHORPE GROVE FREEHOLD LIMITED (REGISTERED NUMBER: 04286948)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Althorpe Grove Freehold 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
The financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and the 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, with the exception that the freehold land and buildings have been stated at cost and have not been measured at fair value.

Investment property
Investment property is shown at book value. (Note 6)

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2023
and 31 March 2024 19,036
NET BOOK VALUE
At 31 March 2024 19,036
At 31 March 2023 19,036

The company owns the freehold of the Althorpe Grove Estate, London SW11 which is stated at cost.

In the opinion of the directors, whilst fair value at 31st March 2024 was substantially in excess of cost, the expense of carrying out a valuation would have been out of proportion to any possible value to members.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Lessee arrears 41,411 9,007
Monies held by managing agents
- service charge 311,554 287,560
Monies held by managing agents
- company 44,294 105,423
Sundry debtors and prepayments 9,322 8,367
Accrued income - 450
406,581 410,807

ALTHORPE GROVE FREEHOLD LIMITED (REGISTERED NUMBER: 04286948)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Payments on account 40,538 -
Lessee account balances 6,831 2,810
Sundry creditors 20,550 550
Trade Creditors 933 21,266
Income tax 675 87
Corporation Tax 391 -
Other creditors 1,238 2,391
Accrued expenses 15,499 25,696
86,655 52,800

7. PROVISIONS FOR LIABILITIES

Service Charge Reserves:
165-199Althorpe
Battersea39-4913-20Grove1-201-32 21-38
ChurchSunburyAlthorpeExternal SunburyGranfieldSunbury
RoadLaneMewsAreasLaneStreetLane
£££££££
Brought
forward


31,125

13,962

13,315

88,112

56,799

31,797

17,442
Interest received
net of tax


0

0

0

2,352

0

0

0
Transfer to
profit and loss
account




0


0


0


0


0


0


0
Transfer
to/(from)
reserve




5,318


6,853


3,632


403


3,401


3,256


(1,744


)
36,44320,81516,94790,86760,20035,05315,698

Service Charge Reserves Summary:


31.3.2431.3.23
TotalTotal
££
Brought forward252,552415,742
Interest received net of tax2,352295
Transfer to profit and loss account00
Transfer (from)/To service charge funds21,119(163,485)
276,023252,552

The managed mansion blocks reserves are held on behalf of the respective flats in each block.
The external area reserve is held on behalf of the 111 contributors to the external areas service charges.

ALTHORPE GROVE FREEHOLD LIMITED (REGISTERED NUMBER: 04286948)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
85 Ordinary £1 85 85

9. RESERVES
Retained Share Other
earnings premium reserves Totals
£    £    £    £   

At 1 April 2023 44,757 3,249 76,400 124,406
Deficit for the year (61,552 ) (61,552 )
At 31 March 2024 (16,795 ) 3,249 76,400 62,854