REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Year Ended 31 March 2024 |
for |
ALTHORPE GROVE FREEHOLD LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Share premium | 9 |
Other reserves | 9 |
Retained earnings | 9 | ( |
) |
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. |
ALTHORPE GROVE FREEHOLD LIMITED (REGISTERED NUMBER: 04286948) |
Balance Sheet - continued |
31 March 2024 |
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 |
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 |
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 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
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 |
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 |
Accrued income |
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 |
Lessee account balances |
Sundry creditors | 20,550 | 550 |
Trade Creditors | 933 | 21,266 |
Income tax |
Corporation Tax |
Other creditors |
Accrued expenses |
7. | PROVISIONS FOR LIABILITIES |
Service Charge Reserves: |
165-199 | Althorpe |
Battersea | 39-49 | 13-20 | Grove | 1-20 | 1-32 | 21-38 |
Church | Sunbury | Althorpe | External | Sunbury | Granfield | Sunbury |
Road | Lane | Mews | Areas | Lane | Street | Lane |
£ | £ | £ | £ | £ | £ | £ |
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 | ) |
36,443 | 20,815 | 16,947 | 90,867 | 60,200 | 35,053 | 15,698 |
Service Charge Reserves Summary: |
31.3.24 | 31.3.23 |
Total | Total |
£ | £ |
Brought forward | 252,552 | 415,742 |
Interest received net of tax | 2,352 | 295 |
Transfer to profit and loss account | 0 | 0 |
Transfer (from)/To service charge funds | 21,119 | (163,485 | ) |
276,023 | 252,552 |
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: | £ | £ |
Ordinary | £1 | 85 | 85 |
9. | RESERVES |
Retained | Share | Other |
earnings | premium | reserves | Totals |
£ | £ | £ | £ |
At 1 April 2023 | 124,406 |
Deficit for the year | ( |
) | ( |
) |
At 31 March 2024 | ( |
) | 62,854 |