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REGISTERED NUMBER: 06930198 (England and Wales)















103 Florence Road, Freehold Company
Limited

Unaudited Financial Statements

for the year ended

30 June 2024






103 Florence Road, Freehold Company
Limited (Registered number: 06930198)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 4


103 Florence Road, Freehold Company
Limited (Registered number: 06930198)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 38,370 55,848

CURRENT ASSETS
Debtors 6 609 526
Cash at bank 22,925 2,207
23,534 2,733
CREDITORS
Amounts falling due within one year 7 (5,106 ) (56,184 )
NET CURRENT ASSETS/(LIABILITIES) 18,428 (53,451 )
TOTAL ASSETS LESS CURRENT LIABILITIES 56,798 2,397

RESERVES
Income and expenditure account 56,798 2,397
56,798 2,397

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

103 Florence Road, Freehold Company
Limited (Registered number: 06930198)

Balance Sheet - continued
30 June 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





Mrs J G Binney - Director


103 Florence Road, Freehold Company
Limited (Registered number: 06930198)

Notes to the Financial Statements
for the year ended 30 June 2024


1. STATUTORY INFORMATION

103 Florence Road, Freehold Company Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06930198

Registered office: 103 103 Florence Road
London
N4 4DL

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents each resident's contribution to the general maintenance and running of the property.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
No liability to UK corporation tax arose on ordinary activities for the year ended 30 June 2023 nor for the year ended 30 June 2024.

The company is a mutual trading company and no corporation tax arises in respect of transactions with the members.

For the year ending 30 June 2024, corporation tax was incurred on a capital gain arising from the company receiving a premium for a lease extension.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

103 Florence Road, Freehold Company
Limited (Registered number: 06930198)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


5. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST
At 1 July 2023 55,848
Disposals (17,478 )
At 30 June 2024 38,370
NET BOOK VALUE
At 30 June 2024 38,370
At 30 June 2023 55,848

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30 -
Other debtors 579 526
609 526

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 4,710 -
Other creditors 396 56,184
5,106 56,184

8. RELATED PARTY DISCLOSURES

An amount of £Nil (2023 - £55,848) is due to the directors, there are no set repayment terms for this interest free loan.