REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 MARCH 2024 |
FOR |
EXBOURNE MANOR FREEHOLD LIMITED |
REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 MARCH 2024 |
FOR |
EXBOURNE MANOR FREEHOLD LIMITED |
EXBOURNE MANOR FREEHOLD LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 24 MARCH 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
3 Durrant Road |
Bournemouth |
Dorset |
BH2 6NE |
EXBOURNE MANOR FREEHOLD LIMITED (REGISTERED NUMBER: 06 |
REPORT OF THE DIRECTORS |
FOR THE YEAR ENDED 24 MARCH 2024 |
The directors present their report with the financial statements of the company for the year ended 24 March 2024. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 25 March 2023 to the date of this report. |
Other changes in directors holding office are as follows: |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
EXBOURNE MANOR FREEHOLD LIMITED (REGISTERED NUMBER: 06 |
INCOME STATEMENT |
FOR THE YEAR ENDED 24 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ |
TURNOVER |
Administrative expenses |
OPERATING DEFICIT and |
DEFICIT BEFORE TAXATION | ( |
) | ( |
) |
Tax on deficit | 4 |
DEFICIT FOR THE FINANCIAL YEAR |
( |
) |
( |
) |
EXBOURNE MANOR FREEHOLD LIMITED (REGISTERED NUMBER: 06 |
BALANCE SHEET |
24 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
RESERVES |
Income and expenditure account |
EXBOURNE MANOR FREEHOLD LIMITED (REGISTERED NUMBER: 06 |
BALANCE SHEET - continued |
24 MARCH 2024 |
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 surplus or deficit 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 were approved by the Board of Directors and authorised for issue on |
EXBOURNE MANOR FREEHOLD LIMITED (REGISTERED NUMBER: 06 |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 MARCH 2024 |
1. | STATUTORY INFORMATION |
Exbourne Manor Freehold Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
The turnover shown in the profit and loss account represents ground rent demanded for the year. |
Tangible fixed assets |
All fixed assets are initially recorded at cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | TAXATION |
Analysis of the tax charge |
No liability to UK corporation tax arose for the year ended 24 March 2024 nor for the year ended 24 March 2023. |
5. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST |
At 25 March 2023 |
and 24 March 2024 |
NET BOOK VALUE |
At 24 March 2024 |
At 24 March 2023 |
EXBOURNE MANOR FREEHOLD LIMITED (REGISTERED NUMBER: 06 |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 24 MARCH 2024 |
5. | TANGIBLE FIXED ASSETS - continued |
The value of the freehold property has been written down to a nil value in respect of the 35 flats (out of 42) that participated in the freehold purchase and/or were granted new long leases. The value in respect of those flats is in the leasehold interest rather than the original cost to the company of acquiring the freehold. The corresponding members contributions have been written down by the same value. |
The value of the freehold has been further reduced by 3/42nds of the original value, as two of the non participators purchased lease extensions during 2014, 2016 and 2021. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Monies due from service charge |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Monies due to service charge |
Accruals and deferred income |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Members contributions to |
Freehold purchase | 756 | 756 |
9. | ULTIMATE CONTROLLING PARTY |
The company was under the control of the members who are all lessees of the property at Exbourne Manor. |
10. | LIMITED BY GUARANTEE |
The company is limited by guarantee without a share capital. |