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REGISTERED NUMBER: 02453143 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

83 MOUNT NOD ROAD MANAGEMENT COMPANY
LIMITED

83 MOUNT NOD ROAD MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02453143)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


83 MOUNT NOD ROAD MANAGEMENT COMPANY
LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mrs J L Jarvis
Ms R Bloomfield
Mr P B Kerr
Mr S J Tottman





REGISTERED OFFICE: 83 Mount Nod Road
Streatham
London
SW16 2LJ





REGISTERED NUMBER: 02453143 (England and Wales)





ACCOUNTANTS: Kings Chartered Accountants
4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE

83 MOUNT NOD ROAD MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02453143)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,755 3,755

CURRENT ASSETS
Debtors 5 267 258
Cash at bank 13,665 9,567
13,932 9,825
CREDITORS
Amounts falling due within one year 6 421 420
NET CURRENT ASSETS 13,511 9,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,266

13,160

CAPITAL AND RESERVES
Called up share capital 7 7 7
Share premium 3,748 3,748
General reserve 13,511 9,405
SHAREHOLDERS' FUNDS 17,266 13,160

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.

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 13 November 2024 and were signed on its behalf by:




Mrs J L Jarvis - Director


83 MOUNT NOD ROAD MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02453143)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

83 Mount Nod Road Management Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes derived from ordinary activities. Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the service.

Tangible fixed assets and depreciation
Freehold Land and Buildings are stated at cost plus incidental expenses of purchase. No depreciation is charged as it is the company's policy to maintain assets in good condition thus prolonging their useful life. Costs of repair and maintenance are charged against revenue in the year in which they are incurred.

83 MOUNT NOD ROAD MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02453143)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Classification of financial liabilities
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.

Basic financial liabilities
Basic financial liabilities, including creditors, 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Accrual for future maintenance
This represents service charges collected to meet significant future maintenance costs, notably external decoration. Amounts charged are based on future estimates of expenditure and the company cannot guarantee that these be sufficient to meet future costs. Further funds may need to be raised when costs arise.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2023
and 31 March 2024 3,755
NET BOOK VALUE
At 31 March 2024 3,755
At 31 March 2023 3,755

83 MOUNT NOD ROAD MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02453143)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 100 100
Prepayments 167 158
267 258

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Accruals 421 420

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
7 Ordinary £1 7 7