Company registration number 11508957 (England and Wales)
45 CHRISTCHURCH HILL AND 28 WELL WALK FREEHOLD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
45 CHRISTCHURCH HILL AND 28 WELL WALK FREEHOLD LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
45 CHRISTCHURCH HILL AND 28 WELL WALK FREEHOLD LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
23,000
23,000
Current assets
Debtors
4
6
198
Creditors: amounts falling due within one year
5
(192)
Net current assets
6
6
Total assets less current liabilities
23,006
23,006
Capital and reserves
Called up share capital
6
6
6
Freehold contribution reserve
23,000
23,000
Total equity
23,006
23,006
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 14 January 2025 and are signed on its behalf by:
A Clarfield
Director
Company Registration No. 11508957
45 CHRISTCHURCH HILL AND 28 WELL WALK FREEHOLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information
45 Christchurch Hill and 28 Well Walk Freehold Limited is a private company limited by shares incorporated in England and Wales. The registered office is Egale 1, 80 St Albans Road, Watford, Hertfordshire, WD17 1DL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
Nil
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
1.5
During the year the company has acted as agent for the lessees of the property at 45 Christchurch Hill, Hampstead, London, NW3 1LA and 28 Well Walk, Hampstead, London, NW3 1LD. The funds in relation to the maintenance of the property are held in trust. As at 31 October 2024 the cash balance held on behalf of the lessees amounted to £21,982.
The company therefore has no income or expenditure in its own right in relation to the maintenance of the common parts of the property held in accordance with the governing leases. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not field at Companies House. The accounts can be obtained from 45 Christchurch Hill and 28 Well Walk Freehold Limited.
45 CHRISTCHURCH HILL AND 28 WELL WALK FREEHOLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2023 and 31 October 2024
23,000
Depreciation and impairment
At 1 November 2023 and 31 October 2024
Carrying amount
At 31 October 2024
23,000
At 31 October 2023
23,000
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
6
198
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
192
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
6
6
6
6