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REGISTERED NUMBER: 03264509 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

48 ALTENBURG GARDENS SW11 1JL LIMITED

48 ALTENBURG GARDENS SW11 1JL LIMITED (REGISTERED NUMBER: 03264509)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


48 ALTENBURG GARDENS SW11 1JL LIMITED (REGISTERED NUMBER: 03264509)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 4,500 4,500

CURRENT ASSETS
Debtors 5 437 437
Cash at bank 24,309 20,961
24,746 21,398
CREDITORS
Amounts falling due within one year 6 420 420
NET CURRENT ASSETS 24,326 20,978
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,826

25,478

CAPITAL AND RESERVES
Called up share capital 7 3 3
Share premium 8 5,997 5,997
Retained earnings 8 22,826 19,478
SHAREHOLDERS' FUNDS 28,826 25,478

48 ALTENBURG GARDENS SW11 1JL LIMITED (REGISTERED NUMBER: 03264509)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:




Ms R A Morley-Jacob - Director



Mr K Robson - Director


48 ALTENBURG GARDENS SW11 1JL LIMITED (REGISTERED NUMBER: 03264509)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

48 Altenburg Gardens SW11 1JL Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03264509

Registered office: Grenville House
9 Boutport Street
Barnstaple
Devon
EX31 1TZ

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 consists of contributions collected by the management company from the property owners to cover the building repairs, maintenance and running costs of the common areas of the property.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 4,500
NET BOOK VALUE
At 31 March 2024 4,500
At 31 March 2023 4,500

The company holds the freehold of 48 Altenburg Gardens, London, SW11 1JL which is subject to long leases. The directors value the freehold at the same as the historical cost. In 2011 a lease extension was granted for 189 years which resulted in a reduction in the residual value by 25%.

48 ALTENBURG GARDENS SW11 1JL LIMITED (REGISTERED NUMBER: 03264509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 437 437

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 420 420

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary £1 3 3

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 19,478 5,997 25,475
Profit for the year 3,348 3,348
At 31 March 2024 22,826 5,997 28,823