Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31falseto hold the freehold of 63 Belsize Avenue on behalf of the shareholders and to administer the service charges for the property.2023-06-0122truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06243581 2023-06-01 2024-05-31 06243581 2022-06-01 2023-05-31 06243581 2024-05-31 06243581 2023-05-31 06243581 c:Director1 2023-06-01 2024-05-31 06243581 c:Director2 2023-06-01 2024-05-31 06243581 d:Buildings 2023-06-01 2024-05-31 06243581 d:Buildings 2024-05-31 06243581 d:Buildings 2023-05-31 06243581 d:CurrentFinancialInstruments 2024-05-31 06243581 d:CurrentFinancialInstruments 2023-05-31 06243581 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 06243581 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 06243581 d:ShareCapital 2024-05-31 06243581 d:ShareCapital 2023-05-31 06243581 d:SharePremium 2024-05-31 06243581 d:SharePremium 2023-05-31 06243581 d:RetainedEarningsAccumulatedLosses 2024-05-31 06243581 d:RetainedEarningsAccumulatedLosses 2023-05-31 06243581 c:FRS102 2023-06-01 2024-05-31 06243581 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06243581 c:FullAccounts 2023-06-01 2024-05-31 06243581 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06243581 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Registered number: 06243581






63 BELSIZE FREEHOLD LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










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63 BELSIZE FREEHOLD LIMITED
REGISTERED NUMBER:06243581

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
13,173
13,173

  
13,173
13,173

Current assets
  

Debtors: amounts falling due within one year
 5 
9,771
7,733

Cash at bank and in hand
 6 
1,763
2,272

  
11,534
10,005

Creditors: amounts falling due within one year
 7 
(18,381)
(16,852)

Net current liabilities
  
 
 
(6,847)
 
 
(6,847)

Total assets less current liabilities
  
6,326
6,326

  

Net assets
  
6,326
6,326


Capital and reserves
  

Called up share capital 
  
10
10

Share premium account
  
6,192
6,192

Profit and loss account
  
124
124

  
6,326
6,326


Page 1

 
63 BELSIZE FREEHOLD LIMITED
REGISTERED NUMBER:06243581
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 February 2025.




D E Gray-Smith
F M McMorrough
Director
Director

Page 2

 
63 BELSIZE FREEHOLD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

63 Belsize Freehold Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is; Flat 3, 63 Belsize Avenue, London, NW3 4BN.
The principal activity of the company is to hold the freehold of 63 Belsize Avenue on behalf of the shareholders and to administer the service charges for the property.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
63 BELSIZE FREEHOLD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
No depreciation is charged on freehold property.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
63 BELSIZE FREEHOLD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 June 2023
13,173



At 31 May 2024

13,173






Net book value



At 31 May 2024
13,173



At 31 May 2023
13,173


5.


Debtors

2024
2023
£
£


Other debtors
9,771
7,733

9,771
7,733



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,763
2,272

1,763
2,272



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,351
1,309

Other creditors
15,590
14,103

Accruals and deferred income
1,440
1,440

18,381
16,852


Page 5

 
63 BELSIZE FREEHOLD LIMITED