15 Stowe Road (Management) Limited 02112709 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is managing and maintaining the flats situated at 15 Stowe Road Digita Accounts Production Advanced 6.30.9574.0 true true 02112709 2023-04-01 2024-03-31 02112709 2024-03-31 02112709 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02112709 core:LandBuildings 2024-03-31 02112709 bus:SmallEntities 2023-04-01 2024-03-31 02112709 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02112709 bus:FullAccounts 2023-04-01 2024-03-31 02112709 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02112709 bus:RegisteredOffice 2023-04-01 2024-03-31 02112709 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 02112709 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02112709 core:LandBuildings 2023-04-01 2024-03-31 02112709 countries:EnglandWales 2023-04-01 2024-03-31 02112709 core:LandBuildings 2023-03-31 02112709 2022-04-01 2023-03-31 02112709 2023-03-31 02112709 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02112709 core:LandBuildings 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 02112709

Prepared for the registrar

15 Stowe Road (Management) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

15 Stowe Road (Management) Limited

(Registration number: 02112709)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1

1

Current assets

 

Cash at bank and in hand

 

1,171

2,514

Creditors: Amounts falling due within one year

5

(1,270)

(1,046)

Net current (liabilities)/assets

 

(99)

1,468

Net (liabilities)/assets

 

(98)

1,469

Capital and reserves

 

Called up share capital

4

4

Profit and loss account

(102)

1,465

Shareholders' (deficit)/funds

 

(98)

1,469

For the financial 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 3 December 2024 and signed on its behalf by:
 

S Sherwin
Company secretary and director

   
     
 

15 Stowe Road (Management) Limited

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

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Enstone Road
Charlbury
Chipping Norton
OX7 3QR

 

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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Tangible assets and depreciation

The amount shown in the Balance Sheet represents the cost of acquiring the freehold interest in 15 Stowe Road, London, W12 8BQ, in the accounting period March 1988. No depreciation is provided on this cost.

Asset class

Depreciation method and rate

Land and buildings freehold

Nil

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

15 Stowe Road (Management) Limited

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

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

4

Tangible assets

Land and buildings
£

Cost

At 1 April 2023

1

At 31 March 2024

1

Depreciation

Carrying amount

At 31 March 2024

1

At 31 March 2023

1

 

5

Creditors

2024
 £

2023
 £

Due within one year

Accrued expenses

1,270

976

Deferred income

-

70

1,270

1,046