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Company registration number: 04210620
64 Selwyn Road Management Limited
Unaudited filleted financial statements
31 May 2024
64 Selwyn Road Management Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
64 Selwyn Road Management Limited
Directors and other information
Directors Mrs V Mistry
Mr D R Dyer
Miss J A Kimche
Secretary Mrs V Mistry
Company number 04210620
Registered office First Floor Offices
99 Bancroft
Hitchin
SG5 1NQ
Bankers Barclays Bank
5/6 High Street
Hitchin
Hertfordshire
SG5 1NQ
64 Selwyn Road Management Limited
Statement of financial position
31 May 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 4 552 -
Cash at bank and in hand 7,666 12,784
_______ _______
8,218 12,784
Creditors: amounts falling due
within one year 5 ( 1,805) ( 1,672)
_______ _______
Net current assets 6,413 11,112
_______ _______
Total assets less current liabilities 6,413 11,112
_______ _______
Net assets 6,413 11,112
_______ _______
Capital and reserves
Called up share capital 3 3
Repair reserve 6,410 11,109
_______ _______
Shareholders funds 6,413 11,112
_______ _______
For the year ending 31 May 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 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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 January 2025 , and are signed on behalf of the board by:
Mrs V Mistry
Director
Company registration number: 04210620
64 Selwyn Road Management Limited
Statement of changes in equity
Year ended 31 May 2024
Called up share capital Repair reserve Profit and loss account Total
£ £ £ £
At 1 June 2022 3 9,743 - 9,746
(Loss)/profit for the year 1,366 1,366
Other comprehensive income for the year:
Transfer between reserves - 1,366 (1,366) -
_______ _______ _______ _______
Total comprehensive income for the year - 1,366 - 1,366
_______ _______ _______ _______
At 31 May 2023 and 1 June 2023 3 11,109 - 11,112
(Loss)/profit for the year ( 4,699) ( 4,699)
Other comprehensive income for the year:
Transfer between reserves - (4,699) 4,699 -
_______ _______ _______ _______
Total comprehensive income for the year - ( 4,699) - ( 4,699)
_______ _______ _______ _______
At 31 May 2024 3 6,410 - 6,413
_______ _______ _______ _______
64 Selwyn Road Management Limited
Notes to the financial statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is First Floor Offices, 99 Bancroft, Hitchin, SG5 1NQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Turnover
Turnover is the total amount receiveable by the company from landlords to equitably spread the costs of maintaining and managing the property.
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.
4. Debtors
2024 2023
£ £
Other debtors 552 -
_______ _______
5. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 1,805 1,672
_______ _______
6. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mrs V Mistry ( 1,052) ( 133) ( 1,185)
Mr D R Dyer - 7 7
Miss J A Kimche - 545 545
_______ _______ _______
( 1,052) 419 ( 633)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mrs V Mistry ( 433) ( 619) ( 1,052)
Mr D R Dyer ( 286) 286 -
Miss J A Kimche - - -
_______ _______ _______
( 719) ( 333) ( 1,052)
_______ _______ _______
The above existing loans are interest free and repayable on demand.