Silverfin false false 30/06/2024 01/07/2023 30/06/2024 A D Benson 08/05/2024 K Davis 21/09/2021 T J Denslow 22/10/2010 R F Mallett 17/09/2004 G E Tebbit 06/12/2017 12 November 2024 The principal activity of the company for the financial year was the management of the residential property at Cheyne Court. 01082080 2024-06-30 01082080 bus:Director1 2024-06-30 01082080 bus:Director2 2024-06-30 01082080 bus:Director3 2024-06-30 01082080 bus:Director4 2024-06-30 01082080 bus:Director5 2024-06-30 01082080 2023-06-30 01082080 core:CurrentFinancialInstruments 2024-06-30 01082080 core:CurrentFinancialInstruments 2023-06-30 01082080 core:ShareCapital 2024-06-30 01082080 core:ShareCapital 2023-06-30 01082080 core:OtherCapitalReserve 2024-06-30 01082080 core:OtherCapitalReserve 2023-06-30 01082080 core:RetainedEarningsAccumulatedLosses 2024-06-30 01082080 core:RetainedEarningsAccumulatedLosses 2023-06-30 01082080 core:LandBuildings 2023-06-30 01082080 core:LandBuildings 2024-06-30 01082080 2023-07-01 2024-06-30 01082080 bus:FilletedAccounts 2023-07-01 2024-06-30 01082080 bus:SmallEntities 2023-07-01 2024-06-30 01082080 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 01082080 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01082080 bus:Director1 2023-07-01 2024-06-30 01082080 bus:Director2 2023-07-01 2024-06-30 01082080 bus:Director3 2023-07-01 2024-06-30 01082080 bus:Director4 2023-07-01 2024-06-30 01082080 bus:Director5 2023-07-01 2024-06-30 01082080 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Company No: 01082080 (England and Wales)

UPPER GARDEN FLATS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

UPPER GARDEN FLATS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

UPPER GARDEN FLATS LIMITED

BALANCE SHEET

As at 30 June 2024
UPPER GARDEN FLATS LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,894 1,894
1,894 1,894
Current assets
Debtors 4 7,091 5,870
Cash at bank and in hand 22,205 28,030
29,296 33,900
Creditors: amounts falling due within one year 5 ( 7,856) ( 11,877)
Net current assets 21,440 22,023
Total assets less current liabilities 23,334 23,917
Net assets 23,334 23,917
Capital and reserves
Called-up share capital 16 16
Other reserves 6 21,544 23,449
Profit and loss account 1,774 452
Total shareholders' funds 23,334 23,917

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Upper Garden Flats Limited (registered number: 01082080) were approved and authorised for issue by the Board of Directors on 12 November 2024. They were signed on its behalf by:

T J Denslow
Director
UPPER GARDEN FLATS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
UPPER GARDEN FLATS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

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.

General information and basis of accounting

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 £.

Turnover

Turnover comprises the maintenance contributions receivable from the residential lessees.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The directors consider that the freehold property is maintained in such a state of repair that the residual value is at least equal to the net book value. As a result, any depreciation would be immaterial and is therefore not charged in the profit and loss account.

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 4

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 July 2023 1,894 1,894
At 30 June 2024 1,894 1,894
Accumulated depreciation
At 01 July 2023 0 0
At 30 June 2024 0 0
Net book value
At 30 June 2024 1,894 1,894
At 30 June 2023 1,894 1,894

4. Debtors

2024 2023
£ £
Trade debtors 2,300 850
Prepayments 4,791 5,020
7,091 5,870

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 6,491 8,839
Accruals 1,301 3,038
Other taxation and social security 64 0
7,856 11,877

6. Reserves

2024 2023
£ £
Members' contributions towards freehold 1,825 1,825
Sinking fund 19,719 21,624
21,544 23,449