Company registration number 04573993 (England and Wales)
36, CLARENDON VILLAS, HOVE LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 4 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
36, CLARENDON VILLAS, HOVE LTD
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
36, CLARENDON VILLAS, HOVE LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 4 APRIL 2024
- 1 -

The directors present their annual report and financial statements for the year ended 4 April 2024.

Principal activities

The principal activity of the company during the year was the management of the property known as 36 Clarendon Villas, Hove, Sussex, BN3 3RA.

 

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.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Simon Anthony
Gillian Davey
P A Jones
(Resigned 2 October 2024)
E Titley
L J Cotton
C Liguori
(Appointed 2 October 2024)
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Gillian Davey
Director
5 November 2024
36, CLARENDON VILLAS, HOVE LTD
BALANCE SHEET
AS AT
4 APRIL 2024
04 April 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
6,549
6,549
Current assets
Cash at bank and in hand
2,629
1,598
Creditors: amounts falling due within one year
5
(2,624)
(1,593)
Net current assets
5
5
Total assets less current liabilities
6,554
6,554
Capital and reserves
Called up share capital
6
5
5
Other reserves
6,549
6,549
Total equity
6,554
6,554

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 4 April 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 5 November 2024 and are signed on its behalf by:
Gillian Davey
Director
Company Registration No. 04573993
36, CLARENDON VILLAS, HOVE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 4 APRIL 2024
- 3 -
1
Accounting policies
Company information

36, Clarendon Villas, Hove Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 36 Clarendon Villas, Hove, East Sussex, BN3 3RA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold interest in land and buildings
Nil Depreciation
1.3
Financial instruments

The company had the following financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

1.4

Service charges

The company has no income or expenditure in its own right, service charges collected are held on trust for the purposes 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. Accordingly, the transactions and balances relating to the service charges are dealt with in a separate statement.

36, CLARENDON VILLAS, HOVE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 4 APRIL 2024
- 4 -
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
-
0
-
0
4
Tangible fixed assets
Land and buildings
£
Cost
At 5 April 2023 and 4 April 2024
6,549
Depreciation and impairment
At 5 April 2023 and 4 April 2024
-
0
Carrying amount
At 4 April 2024
6,549
At 4 April 2023
6,549
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
2,624
1,593
6
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
5 Ordinary shares of £1 each
5
5
36, CLARENDON VILLAS, HOVE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 4 APRIL 2024
- 5 -
7
Financial commitments, guarantees and contingent liabilities

The company contracts with third parties in its own name for the supply of services to the property for maintenance of the common parts in accordance with the terms of the leases. At 4 April 2024, the company had not entered into any non-cancellable contractual commitments (2023 - £nil).

8
Controlling party

The directors are of the opinion that no one person has ultimate control of the company, due to the fact that there are five shareholders, each holding one share.

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