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COMPANY REGISTRATION NUMBER: 14070154
1-11 Highfield House Freehold Limited
Filleted Unaudited Financial Statements
30 April 2024
1-11 Highfield House Freehold Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Current assets
Cash at bank and in hand
42,548
46,103
Creditors: amounts falling due within one year
4
( 42,548)
( 46,103)
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 January 2025 , and are signed on behalf of the board by:
N M Dalton
S M Davies
Director
Director
Company registration number: 14070154
1-11 Highfield House Freehold Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Service charge accounting
The company is a freehold management company which operates a service charge fund acting as agent on behalf of the lessees.
The service charge fund is segregated and separate accounting records are maintained for this fund.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
42,548
46,103
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