Registered number
01720983
Falcongrove Limited
Filleted Accounts
31 July 2024
Falcongrove Limited
Registered number: 01720983
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 2,273 1,163
Bank account- current 12,252 12,034
Bank account- reserve 1,592 1,571
16,117 14,768
Creditors: amounts falling due within one year 4 (2,005) (2,962)
Net current assets 14,112 11,806
Net assets 14,112 11,806
Capital and reserves
Called up share capital 12 12
Reserves 14,100 11,794
Total reserves 14,112 11,806
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.
D H Cordingley
Director
Approved by the board on 23 August 2024
Falcongrove Limited
Notes to the Accounts
for the year ended 31 July 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).
Income
Income is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Income represents the agreed sums collected from tenants for maintenance and upkeep of the common parts of the flats at Beech Court. The amount collected in the year was £1,188 per flat.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation
In a letter dated 20 July 2012, the HMRC confirmed that provided certain conditions are met, the company will not need to file a company tax return for a period of 5 years. These conditions are currently been met and HMRC has not requested the company to file a tax return for the current year or the previous year.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Debtors 2024 2023
£ £
Service charges outstanding 2,273 1,163
4 Creditors: amounts falling due within one year 2024 2023
£ £
Service charges prepaid 1,791 1,653
Creditors 214 1,309
2,005 2,962
5 Other information
Falcongrove Limited is a private company limited by shares and incorporated in England. Its registered office is:
First Floor
1 Edmund Street
Bradford
West Yorkshire
BD5 0BH
6 Controlling party
The day to day running of the business is controlled by the company's managing agents. The
agents report to the Board of Directors, who have ultimate control on behalf of the shareholders.
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