Registered number
05463256
30 EVERSFIELD PLACE (MANAGEMENT COMPANY) LIMITED
Unaudited Filleted Accounts
31 May 2024
TEMPLETONS (HOLDINGS) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
30 EVERSFIELD PLACE (MANAGEMENT COMPANY) LIMITED
Registered number: 05463256
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 25,957 23,205
Cash at bank and in hand 166 153
26,123 23,358
Creditors: amounts falling due within one year 4 (33,717) (30,952)
Net current liabilities (7,594) (7,594)
Net liabilities (7,594) (7,594)
Capital and reserves
Called up share capital 7 7
Profit and loss account (7,601) (7,601)
Shareholders' funds (7,594) (7,594)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S Raisinghani
Director
Approved by the board on 27 February 2025
30 EVERSFIELD PLACE (MANAGEMENT COMPANY) LIMITED
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 25,715 22,963
Other debtors 242 242
25,957 23,205
4 Creditors: amounts falling due within one year 2024 2023
£ £
Sinking Fund 7,853 7,101
Trade creditors 2,317 2,317
Other creditors 23,547 21,534
33,717 30,952
Sinking Fund Account:
Funds B/Fwd 01 June 2023 7,101 5,811
Incoming funds 5,019 5,019
Outgoing Funds 4,267 3,729
Funds C/Fwd 31 May 2024 7,853 7,101
5 Controlling party
The company was under the control of Mr Sanjay Raisinghani, a director throughout the year.
6 Related party transactions
(i) At the year end, Futurecourt Investments Ltd, in which Mr Sanjay Raisinghani is also a Director, held 3 flats and was allocated with 3 shares in 30 Eversfield Place (Management company) Ltd. The balance outstanding from Futurecourt Investments Ltd at 31 May 2024 was £14,966 (2023: £14,211) and is disclosed in trade debtors in note 3 above.
(ii) At the year end, the company owed £22,123 (2023 : £20,527) to Futurecourt Developments Limited, a company in which Mr Sanjay Raisinghani is also a Director, and is disclosed under other creditors in note 4 above.
7 Other information
30 EVERSFIELD PLACE (MANAGEMENT COMPANY) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
309 Hoe street
Walthamstow
London
E17 9BG
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