Company No:
Contents
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
|
|
|
1,894 | 1,894 | |||
Current assets | ||||
Debtors | 4 |
|
|
|
Cash at bank and in hand |
|
|
||
29,296 | 33,900 | |||
Creditors: amounts falling due within one year | 5 | (
|
(
|
|
Net current assets | 21,440 | 22,023 | ||
Total assets less current liabilities | 23,334 | 23,917 | ||
Net assets |
|
|
||
Capital and reserves | ||||
Called-up share capital |
|
|
||
Other reserves | 6 |
|
|
|
Profit and loss account |
|
|
||
Total shareholders' funds |
|
|
Directors' responsibilities:
The financial statements of Upper Garden Flats Limited (registered number:
T J Denslow
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Upper Garden Flats Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Foxes Property Management, 6 Poole Hill, Bournemouth, BH2 5PS, United Kingdom. The principal place of business is Cheyne Court, 37 Surrey Road, Bournemouth, Dorset, BH4 9HR.
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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Land and buildings | not depreciated |
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
|
|
Land and buildings | Total | ||
£ | £ | ||
Cost | |||
At 01 July 2023 |
|
|
|
At 30 June 2024 |
|
|
|
Accumulated depreciation | |||
At 01 July 2023 |
|
|
|
At 30 June 2024 |
|
|
|
Net book value | |||
At 30 June 2024 |
|
|
|
At 30 June 2023 |
|
|
2024 | 2023 | ||
£ | £ | ||
Trade debtors |
|
|
|
Prepayments |
|
|
|
|
|
2024 | 2023 | ||
£ | £ | ||
Trade creditors |
|
|
|
Accruals |
|
|
|
Other taxation and social security |
|
|
|
|
|
2024 | 2023 | ||
£ | £ | ||
Members' contributions towards freehold | 1,825 | 1,825 | |
Sinking fund | 19,719 | 21,624 | |
21,544 | 23,449 |