Registered number
14116825
11-12 Southcombe Street Management Company Limited
Filleted Accounts
31 May 2024
11-12 Southcombe Street Management Company Limited
Registered number: 14116825
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,000 20,000
Current assets
Cash at bank and in hand 30 30
Creditors: amounts falling due within one year 4 (30) (270)
Net current liabilities - (240)
Total assets less current liabilities 20,000 19,760
Creditors: amounts falling due after more than one year 5 (20,000) (20,000)
Net liabilities - (240)
Capital and reserves
Profit and loss account - (240)
Shareholders' funds - (240)
The directors are 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 directors acknowledge their 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.
J Lai, Esq.
Director
Approved by the board on 27 February 2025
11-12 Southcombe Street 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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings none
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 June 2023 20,000
At 31 May 2024 20,000
Depreciation
At 31 May 2024 -
Net book value
At 31 May 2024 20,000
At 31 May 2023 20,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 30 270
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 20,000 20,000
The other creditors consist of £20,000 provided by the directors. These amounts are interest-free and there is no fixed date of repayment. The directors have confirmed that repayment will only be made as and when cash flow permits.
6 Controlling party
The company is limited by guarantee and has no ultimate controlling party.
7 Other information
11-12 Southcombe Street Management Company Limited is a private company limited by guarantee and incorporated in England and Wales. Its registered office is:
C/O Blue Crystal Residential Ltd
Venture X, Building 7
566 Chiswick High Road
London, W4 5YG
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