1 April 2023 false No description of principal activity Taxfiler 2024.6 07853942business:PrivateLimitedCompanyLtd2023-04-012024-03-31 078539422023-03-31 078539422023-04-012024-03-31 07853942business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 07853942business:FilletedAccounts2023-04-012024-03-31 078539422024-03-31 07853942business:Director12023-04-012024-03-31 07853942business:Director22023-04-012024-03-31 07853942business:Director32023-04-012024-03-31 07853942business:RegisteredOffice2023-04-012024-03-31 078539422023-03-31 07853942core:WithinOneYear2024-03-31 07853942core:WithinOneYear2023-03-31 07853942core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 07853942core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 07853942core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 07853942core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 07853942core:PreviouslyStatedAmount2024-03-31 07853942core:PreviouslyStatedAmount2023-03-31 07853942business:SmallEntities2023-04-012024-03-31 07853942countries:EnglandWales2023-04-012024-03-31 07853942core:LandBuildings2023-04-012024-03-31 078539422022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07853942 (England and Wales)
31 Queens Park Road (brighton) Limited Unaudited accounts for the year ended 31 March 2024
31 Queens Park Road (brighton) Limited Unaudited accounts Contents
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31 Queens Park Road (brighton) Limited Company Information for the year ended 31 March 2024
Directors
Stephanie Louise FISHER Vicky HATIA Dominic Thomas Alston JONES
Company Number
07853942 (England and Wales)
Registered Office
31 Queens Park Road Brighton East Sussex BN2 0GJ England
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31 Queens Park Road (brighton) Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
3 
3 
Cash at bank and in hand
957 
5,842 
960 
5,845 
Creditors: amounts falling due within one year
(384)
(384)
Net current assets
576 
5,461 
Net assets
576 
5,461 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
573 
5,458 
Shareholders' funds
576 
5,461 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2025 and were signed on its behalf by
Dominic Thomas Alston JONES Director Company Registration No. 07853942
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31 Queens Park Road (brighton) Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
31 Queens Park Road (brighton) Limited is a private company, limited by shares, registered in England and Wales, registration number 07853942. The registered office is 31 Queens Park Road, Brighton, East Sussex, BN2 0GJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Presentation currency
The accounts are presented in £ sterling.
Turnover
The company is not a trading company. The company's sole purpose is to act as an agency for the leaseholders of 31 Queens Park Road, Brighton. The turnover is contributions made by the leaseholders towards the insurance and maintenance of the property and statutory fees of running the company.
Tangible fixed assets and depreciation
Tangible fixed assets Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land & buildings
Not Depreciated
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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31 Queens Park Road (brighton) Limited Notes to the Accounts for the year ended 31 March 2024
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
3 
3 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
384 
384 
6
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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