Pembridge Villas Residents Company Limited 06956492 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Residents Freehold Management Digita Accounts Production Advanced 6.30.9574.0 true Mrs E D Marshall 06956492 2023-04-01 2024-03-31 06956492 2024-03-31 06956492 core:CurrentFinancialInstruments 2024-03-31 06956492 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06956492 core:LandBuildings 2024-03-31 06956492 bus:FRS102 2023-04-01 2024-03-31 06956492 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06956492 bus:FullAccounts 2023-04-01 2024-03-31 06956492 bus:RegisteredOffice 2023-04-01 2024-03-31 06956492 bus:Director1 2023-04-01 2024-03-31 06956492 bus:EntityHasNeverTraded 2023-04-01 2024-03-31 06956492 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 06956492 core:LandBuildings 2023-04-01 2024-03-31 06956492 countries:England 2023-04-01 2024-03-31 06956492 2023-03-31 06956492 core:LandBuildings 2023-03-31 06956492 2023-03-31 06956492 core:CurrentFinancialInstruments 2023-03-31 06956492 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06956492 core:LandBuildings 2023-03-31 iso4217:GBP

Registration number: 06956492

Pembridge Villas Residents Company Limited

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Pembridge Villas Residents Company Limited

Profit and Loss Account for the Year Ended 31 March 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Pembridge Villas Residents Company Limited

(Registration number: 06956492)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

24,891

24,891

Current assets

 

Debtors

4

-

1,674

Cash at bank and in hand

 

-

201

 

-

1,875

Creditors: Amounts falling due within one year

6

(24,891)

(26,766)

Net current liabilities

 

(24,891)

(24,891)

Net assets/(liabilities)

 

-

-

Reserves

 

Surplus/(deficit)

 

-

-

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 2 December 2024
 

.........................................
Mrs E D Marshall
Director

 

Pembridge Villas Residents Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
29 Pembridge Villas
Notting Hill
London
W11 3EP

These financial statements were authorised for issue by the director on 2 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

0%

 

Pembridge Villas Residents Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2023

24,891

24,891

At 31 March 2024

24,891

24,891

Depreciation

Carrying amount

At 31 March 2024

24,891

24,891

At 31 March 2023

24,891

24,891

Included within the net book value of land and buildings above is £24,891 (2023 - £24,891) in respect of freehold land and buildings.
 

4

Debtors

2024
£

2023
£

Other debtors

-

1,674

-

1,674

 

Pembridge Villas Residents Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Current

2024
£

2023
£

Other debtors

-

1,674

 

-

1,674

5

Cash and cash equivalents

2024
£

2023
£

Cash at bank

-

201

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Amounts due to related parties

24,891

17,450

Other payables

 

-

9,016

Accruals

 

-

300

 

24,891

26,766