REGISTERED NUMBER: |
BRINDWOOD MANAGEMENT LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2024 |
REGISTERED NUMBER: |
BRINDWOOD MANAGEMENT LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2024 |
BRINDWOOD MANAGEMENT LIMITED (REGISTERED NUMBER: 04409913) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
BRINDWOOD MANAGEMENT LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH APRIL 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
t/as Findlay Wetherfield Scott & Co. |
Chartered Accountants |
137, Station Road |
Chingford, |
London |
E4 6AG |
BRINDWOOD MANAGEMENT LIMITED (REGISTERED NUMBER: 04409913) |
BALANCE SHEET |
30TH APRIL 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
BRINDWOOD MANAGEMENT LIMITED (REGISTERED NUMBER: 04409913) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2024 |
1. | STATUTORY INFORMATION |
Brindwood Management Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Freehold land and buildings are not depreciated. The property is maintained to ensure that its value does not diminish over time. Maintenance costs are paid for by the tenants as incurred. In the directors' opinion, depreciation is immaterial and has not been charged. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
At 1st May 2023 |
and 30th April 2024 |
NET BOOK VALUE |
At 30th April 2024 |
At 30th April 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Loans | 2,006 | 2,006 |
6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
Where a tenant is also a director of the company, the director has paid an agreed proportion towards the total expenses of the property. |
7. | RELATED PARTY DISCLOSURES |
There is no one in ultimate control of the company. The company is owned jointly by the leaseholders of each flat. |
BRINDWOOD MANAGEMENT LIMITED (REGISTERED NUMBER: 04409913) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH APRIL 2024 |
8. | INCORPORATION OF, AND EXPENSES RELATING TO, THE COMPANY |
The company was incorporated on 5th April 2002 in order to acquire the freehold of the property at 32, Brindwood Road, Chingford, London E4 8BD. The initial tenants at the date of purchase of the freehold all contributed towards the total cost of acquisition, including all fees etc., and in return each acquired 1 ordinary share in the company. Any funds received from the initial tenants in excess of the nominal value of the shares allocated to them has been included as a loan to the company and is shown within the creditors figure on the balance sheet. These loans will only be repaid if the freehold of the property is sold. |
Any expenses relating to the property and the running of the company have been met by the tenants directly in an agreed ratio. No expenses have been paid for directly by the company and, therefore, apart from the purchase of the freehold, the company has effectively remained dormant throughout the whole period under review. |