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REGISTERED NUMBER: 01690699 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 JUNE 2024

FOR

COURTFIELD RESIDENTS (EALING) LIMITED

COURTFIELD RESIDENTS (EALING) LIMITED (REGISTERED NUMBER: 01690699)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 JUNE 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


COURTFIELD RESIDENTS (EALING) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 24 JUNE 2024







DIRECTORS: T H Aung
R C Embleton-Smith
A J Hailstone
Dr C L Harne
G Robertson
S A Treanor
Ms R Yamada





REGISTERED OFFICE: 12 Cambridge House
23 Courtfield Gardens Ealing
London
W13 0HP





REGISTERED NUMBER: 01690699 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

COURTFIELD RESIDENTS (EALING) LIMITED (REGISTERED NUMBER: 01690699)

STATEMENT OF FINANCIAL POSITION
24 JUNE 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 3,467 2,679
Cash at bank 75,374 55,421
78,841 58,100
CREDITORS
Amounts falling due within one year 5 60,265 39,524
NET CURRENT ASSETS 18,576 18,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,576

18,576

CAPITAL AND RESERVES
Called up share capital 6 15,601 15,601
Retained earnings 7 2,975 2,975
SHAREHOLDERS' FUNDS 18,576 18,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2024 and were signed on its behalf by:



S A Treanor - Director


COURTFIELD RESIDENTS (EALING) LIMITED (REGISTERED NUMBER: 01690699)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 JUNE 2024


1. STATUTORY INFORMATION

Courtfield Residents (Ealing) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Freehold interest
On 11 July 1997, the Company acquired the freehold of 23-25 Courtfield Gardens. The cost, including professional fees, was £15,014. During 2007, the Company began extending the leases, by deed of variation, to 999 years with no ground rent accruing. In view of this, the directors considered that the freehold reversion had minimal value and therefore wrote it down to £nil in 2007/8.

As at 24 June 2023 the directors consider that the Freehold reversion interest is £Nil (2023: £Nil).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 7 ).

COURTFIELD RESIDENTS (EALING) LIMITED (REGISTERED NUMBER: 01690699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 24 JUNE 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 3,467 2,679

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 1,536 1,536
Other creditors 298 308
Sinking fund 56,431 32,486
Accrued expenses 2,000 5,194
60,265 39,524

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
312 Ordinary shares £50 15,600 15,600
5 Founder shares £0.20 1 1
15,601 15,601

7. RESERVES
Retained
earnings
£   

At 25 June 2023 2,975
Profit for the year -
At 24 June 2024 2,975

8. OTHER FINANCIAL COMMITMENTS

The Company has a commitment to redecorate the exterior and interior of the block every third and fifth year respectively.

9. RELATED PARTY DISCLOSURES

Remuneration to directors totalled £275 (2023: £180) for administration and maintenance work in the year.There were no other transactions with related parties.

COURTFIELD RESIDENTS (EALING) LIMITED (REGISTERED NUMBER: 01690699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 24 JUNE 2024


10. SINKING FUND

A sinking fund has been set up to meet the cost of future major expenditures. The movement on the fund during the year was as follows:

2024 2023
£    £   
Balance at beginning of year 32,487 56,042
Transfer in during year 29,317 15,475
Transfer out during the year (6,168 ) (39,030 )
--------------- ---------------
55,636 32,487
========= ========


11. LEGAL COSTS - LEASE RENEWALS ACCOUNTING TREATMENT

To cover the legal costs borne by the Company on the individual lease renewals, it was agreed at the 2008 AGM to apply £9,165 of the maintenance payments contributed by the flat owners in 2007/8 to a reserve fund (lease renewal fund). As the leases are renewed, funds are released from the lease renewals fund. In this way, all lessees contribute towards this fund. During the year there were no lease renewals. The balance on this account of £1,536 (2023 - £1,536) represents the legal costs for the remaining 4 flats awaiting renewal.