Registered number
11980142
60 Aberdeen Road Management Company Limited
Filleted Accounts
31 May 2024
60 Aberdeen Road Management Company Limited
Registered number: 11980142
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 54,792 54,792
Current assets
Debtors 3 7 7
Net current assets 7 7
Total assets less current liabilities 54,799 54,799
Creditors: amounts falling due after more than one year 4 (54,792) (54,792)
Net assets 7 7
Capital and reserves
Called up share capital 7 7
Shareholders' funds 7 7
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.
Y Onomor
Director
Approved by the board on 17 February 2025
60 Aberdeen Road 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Debtors 2024 2023
£ £
Other debtors 7 7
4 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 54,792 54,792
5 Related party transactions
The shareholders have loaned £54,792 to the company as working capital, on an interest-free basis, repayable in more than 12 months.
6 Controlling party
The company has no controlling shareholder.
7 Other information
60 Aberdeen Road Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
60 Aberdeen Road
London
N5 2XB
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