COMPANY REGISTRATION NUMBER:
01422250
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
31 March 2024
Current assets
Cash at bank and in hand |
159 |
|
3,694 |
|
|
|
|
Creditors: amounts falling due within one year |
4 |
– |
|
2,276 |
|
---- |
|
------- |
Net current assets |
|
159 |
1,418 |
|
|
---- |
------- |
Total assets less current liabilities |
|
159 |
1,418 |
|
|
---- |
------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
120 |
120 |
Profit and loss account |
|
39 |
1,298 |
|
|
---- |
------- |
Shareholders funds |
|
159 |
1,418 |
|
|
---- |
------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
3 December 2024
, and are signed on behalf of the board by:
Professor H Lambert |
Director |
|
Company registration number:
01422250
Notes to the Financial Statements |
|
Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 19 Northmoor Road, OXFORD, OX2 6UW.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents service charges receivable from the residential lessees.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Trade creditors |
– |
2,276 |
|
---- |
------- |
|
|
|
5.
Related party transactions
Income for the Company is derived from the shareholders and directors and cover the outgoing service charges used to pay for services and supplies provided to maintain the property and for compliance purposes. All transactions are at arms length. The company holds the freehold title of the property situated at 19 Northmoor Road, Oxford and the directors and shareholders contribute to the company's income in order to settle bills and charges from third parties to cover repairs, maintenance and other costs incurred to keep the property wind and water tight. The company operates under the mutual trading provisions of H M Revenue and Customs such that it is a not for profit organisation.
6.
Other spare note 99 heading