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Registration number: 05744282

13 Abbeville Road Management Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

13 Abbeville Road Management Limited

Company Information

Director

D D O'Brien

Registered office

Flat 4
13 Abbeville Road
London
SW4 9LA

Accountants

Mehta & Tengra
Chartered Accountants
9 Berners Place
London
W1T 3AD

 

13 Abbeville Road Management Limited

(Registration number: 05744282)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

116,830

116,830

Current assets

 

Debtors

5

289

582

Cash at bank and in hand

 

3,935

2,193

 

4,224

2,775

Creditors: Amounts falling due within one year

6

(4,222)

(2,773)

Net current assets

 

2

2

Total assets less current liabilities

 

116,832

116,832

Creditors: Amounts falling due after more than one year

6

(116,827)

(116,827)

Net assets

 

5

5

Capital and reserves

 

Called up share capital

7

5

5

Shareholders' funds

 

5

5

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 January 2025
 

.........................................
D D O'Brien
Director

 

13 Abbeville Road Management Limited

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
£

Total
£

At 1 April 2023

5

5

At 31 March 2024

5

5

Share capital
£

Total
£

At 1 April 2022

5

5

At 31 March 2023

5

5

 

13 Abbeville Road Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Flat 4
13 Abbeville Road
London
SW4 9LA

These financial statements were authorised for issue by the director on 27 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises service charges receivable from leaseholders.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The company is non-profit making. Tax is only payable on the bank interest received.

For the period from 6 April 2004, flat management companies are dealt with under Trust Tax Provisions. Hitherto they were treated as corporation tax cases. However, HMRC have informed the company that as it does not trade, a tax return will not be required.

Tangible assets

The freehold property was purchased in June 2007.

FRS 102 (Section 17) states that an entity shall measure an item of property at cost less any accumulated depreciation.

However, the directors consider that to depreciate the freehold property would be misleading and continue to show the property at cost.

Cash and cash equivalents

The bank account represents service charges monies held on behalf of the lessees.

 

13 Abbeville Road Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2023

116,830

116,830

At 31 March 2024

116,830

116,830

Depreciation

Carrying amount

At 31 March 2024

116,830

116,830

At 31 March 2023

116,830

116,830

Included within the net book value of land and buildings above is £116,830 (2023 - £116,830) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Due from leaseholders

289

582

 

289

582

 

13 Abbeville Road Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

3,030

1,680

Due to leaseholders

1,192

1,093

4,222

2,773

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

116,827

116,827

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

5

5

5

5

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

116,827

116,827