Company registration number 04543539 (England and Wales)
24 BURNABY ROAD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
24 BURNABY ROAD LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
24 BURNABY ROAD LIMITED
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
6,750
6,750
Current assets
Debtors
5
718
1,164
Cash at bank and in hand
1,255
2,894
1,973
4,058
Creditors: amounts falling due within one year
6
(358)
(609)
Net current assets
1,615
3,449
Total assets less current liabilities
8,365
10,199
Capital and reserves
Capital redemption reserve
6,750
6,750
Sinking fund
1,615
3,449
Total equity
8,365
10,199
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 24 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his 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 and signed by the director and authorised for issue on 25 January 2025
Mr D Cole
Director
Company Registration No. 04543539
24 BURNABY ROAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 JUNE 2024
- 2 -
1
Accounting policies
Company information
24 Burnaby Road Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Corner House, Church Lane, OLD BASING, RG24 7DJ.
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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
1.3
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:
Land and buildings Freehold
Not depreciated
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.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
24 BURNABY ROAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 24 JUNE 2024
- 3 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
Tangible fixed assets
Land and buildings
£
Cost
At 25 June 2023 and 24 June 2024
6,750
Depreciation and impairment
At 25 June 2023 and 24 June 2024
Carrying amount
At 24 June 2024
6,750
At 24 June 2023
6,750
In 2003 the subscribers to the memorandum acquired the freehold of 24 Burnaby Road for £6,750. No depreciation is provided in respect of this property in accordance with FRS 102.
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
323
Other debtors
718
841
718
1,164
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
13
60
Other creditors
345
549
358
609