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Registration number: 03790750

38-40 Gertrude Street Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

38-40 Gertrude Street Limited

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

38-40 Gertrude Street Limited

Company Information

Directors

J A Hoyle

S Bartlett

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

38-40 Gertrude Street Limited

Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1

16,333

Current assets

 

Debtors

5

8,173

4,959

Cash at bank and in hand

 

121,089

17,588

 

129,262

22,547

Creditors: Amounts falling due within one year

6

(59,648)

(39,957)

Net current assets/(liabilities)

 

69,614

(17,410)

Net assets/(liabilities)

 

69,615

(1,077)

Capital and reserves

 

Called up share capital

8

8

Retained earnings

69,607

(1,085)

Shareholders' funds/(deficit)

 

69,615

(1,077)

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their 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 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

 

38-40 Gertrude Street Limited

Statement of Financial Position as at 30 June 2024

Approved and authorised by the Board on 28 January 2025 and signed on its behalf by:
 

.........................................

J A Hoyle

Director

.........................................

S Bartlett

Director

Company registration number: 03790750

 

38-40 Gertrude Street Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of property management.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company had net assets at 30 June 2024 amounting to £69,615 including cash of bank of £121,089.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the the foreseeable future, accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Service charges

As service charge contributions are held on trust for the benefit of the leaseholders and expenditure is incurred on their behalf, these are not reflected in the company's statement of income.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

38-40 Gertrude Street Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Freehold land is not depreciated.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

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 during the year, was 0 (2023 - 0).

 

38-40 Gertrude Street Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Freehold land
£

Total
£

Cost or valuation

At 1 July 2023

16,333

16,333

Disposals

(16,332)

(16,332)

At 30 June 2024

1

1

Carrying amount

At 30 June 2024

1

1

At 30 June 2023

16,333

16,333

5

Debtors

2024
£

2023
£

Other debtors

8,173

4,959

8,173

4,959

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

4,582

260

Taxation and social security

18,041

-

Accruals and deferred income

5,186

4,046

Other creditors

31,839

35,651

59,648

39,957