0 0 141 New Kings Road Limited 04110003 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of the ownership of the freehold interest of 141 New Kings Road. The company is also used to administer and maintain the common parts of the property Digita Accounts Production Advanced 6.30.9574.0 true true 04110003 2023-04-01 2024-03-31 04110003 2024-03-31 04110003 bus:OrdinaryShareClass1 2024-03-31 04110003 core:CurrentFinancialInstruments 2024-03-31 04110003 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04110003 core:FurnitureFittingsToolsEquipment 2024-03-31 04110003 core:LandBuildings 2024-03-31 04110003 bus:SmallEntities 2023-04-01 2024-03-31 04110003 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04110003 bus:FilletedAccounts 2023-04-01 2024-03-31 04110003 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04110003 bus:RegisteredOffice 2023-04-01 2024-03-31 04110003 bus:Director6 2023-04-01 2024-03-31 04110003 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 04110003 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04110003 core:LandBuildings 2023-04-01 2024-03-31 04110003 core:PlantMachinery 2023-04-01 2024-03-31 04110003 countries:AllCountries 2023-04-01 2024-03-31 04110003 2023-03-31 04110003 core:FurnitureFittingsToolsEquipment 2023-03-31 04110003 core:LandBuildings 2023-03-31 04110003 2022-04-01 2023-03-31 04110003 2023-03-31 04110003 bus:OrdinaryShareClass1 2023-03-31 04110003 core:CurrentFinancialInstruments 2023-03-31 04110003 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04110003 core:FurnitureFittingsToolsEquipment 2023-03-31 04110003 core:LandBuildings 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 04110003

141 New Kings Road Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

141 New Kings Road Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

141 New Kings Road Limited

(Registration number: 04110003)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

6,228

6,228

Current assets

 

Debtors

5

5

5

Cash at bank and in hand

 

1,355

1,694

 

1,360

1,699

Creditors: Amounts falling due within one year

6

(1,170)

(570)

Net current assets

 

190

1,129

Net assets

 

6,418

7,357

Capital and reserves

 

Called up share capital

7

5

5

Other reserves

6,228

6,228

Retained earnings

185

1,124

Shareholders' funds

 

6,418

7,357

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 January 2025 and signed on its behalf by:
 

.........................................
Ms Seok Hwa Combe
Director

 

141 New Kings Road 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 the United Kingdom.

The address of its registered office is:
218A Blythe Road
London
W14 0HH

These financial statements were authorised for issue by the Board on 6 January 2025.

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.

Going concern

Revenue recognition

Turnover comprises the fair value of the total contributions received during the year.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost.

Depreciation

Depreciation has not been provided on the freehold property and entry phone as the directors are of the view that their value will not diminish.

Asset class

Depreciation method and rate

Land and buildings

Nil

Plant and machinery

Nil

 

141 New Kings Road 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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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 at the transaction price.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Tangible assets

Freehold land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

5,500

728

6,228

At 31 March 2024

5,500

728

6,228

Carrying amount

At 31 March 2024

5,500

728

6,228

At 31 March 2023

5,500

728

6,228

Included within the net book value of land and buildings above is £5,500 (2023 - £5,500) in respect of freehold land and buildings.
 

 

141 New Kings Road Limited

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

5

Debtors

2024
£

2023
£

Other debtors

5

5

5

5

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,170

570

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

5 Ordinary shares of £1 each

5

5

5

5