Norwood Green (Block B) Management Company Limited
Registered number: 01928465
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 32,500 32,500
Current assets
Cash at bank and in hand 18,553 18,162
Creditors: amounts falling due within one year 4 (1,305) (1,623)
Net current assets 17,248 16,539
Net assets 49,748 49,039
Capital and reserves
Called up share capital 12 12
Profit and loss account 49,736 49,027
Shareholders' funds 49,748 49,039
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M.A. Beg A.J. Cavanagh
Director Director
Approved by the board on 19 November 2024
Norwood Green (Block B) Management Company Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents net service charges for the management of the property at Harewood Terrace, excluding value added tax.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% on cost
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 32,500 2,840 35,340
At 31 March 2024 32,500 2,840 35,340
Depreciation
At 1 April 2023 - 2,840 2,840
At 31 March 2024 - 2,840 2,840
Net book value
At 31 March 2024 32,500 - 32,500
At 31 March 2023 32,500 - 32,500
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 1,305 1,623
5 Other information
Norwood Green (Block B) Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
105 Harewood Terrace
Norwood Green
Southall
Middlesex
UB2 4JN
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