Registered number
05462929
31 EVERSFIELD PLACE (MANAGEMENT COMPANY) LIMITED
Unaudited Filleted Accounts
31 May 2024
TEMPLETONS (HOLDINGS) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
31 EVERSFIELD PLACE (MANAGEMENT COMPANY) LIMITED
Registered number: 05462929
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 46,773 43,031
Cash at bank and in hand 13 793
46,786 43,824
Creditors: amounts falling due within one year 4 (46,682) (43,720)
Net current assets 104 104
Net assets 104 104
Capital and reserves
Called up share capital 7 7
Profit and loss account 97 97
Shareholders' funds 104 104
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
31 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 46,531 42,789
Other debtors 242 242
46,773 43,031
4 Creditors: amounts falling due within one year 2024 2023
£ £
Sinking Fund ( see below) 15,362 15,126
Trade Creditors 2,699 2,699
Other creditors 28,621 25,895
46,682 43,720
Sinking Fund Account:
Funds B/Fwd 01 June 2023 15,126 14,115
Incoming funds 5,009 5,009
Outgoing Funds 4,773 3,998
Funds C/Fwd 31 May 2024 15,362 15,126
5 Controlling party
The company was the under the control of Mr S Raisinghani, a director of the company throughout the year.
6 Related Parties Transaction
(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 31 Eversfield Place (Management company) Ltd.The balance outstanding from Futurecourt Investments Ltd at 31 May 2024 was £38,599 (2023 :£36,598 ) and is disclosed under trade debtors in note 3 above.
(ii) At the year end, the company owed £26,352 (2023: £24,041) 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
31 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
31 EVERSFIELD PLACE (MANAGEMENT COMPANY) LIMITED 05462929 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts July 2024 Mr S Raisinghani No description of principal activity 05462929 2022-06-01 2023-05-31 05462929 core:WithinOneYear 2023-05-31 05462929 core:ShareCapital 2023-05-31 05462929 core:RetainedEarningsAccumulatedLosses 2023-05-31 05462929 2023-06-01 2024-05-31 05462929 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05462929 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 05462929 bus:Director40 2023-06-01 2024-05-31 05462929 1 2023-06-01 2024-05-31 05462929 2 2023-06-01 2024-05-31 05462929 countries:England 2023-06-01 2024-05-31 05462929 bus:FRS102 2023-06-01 2024-05-31 05462929 bus:FilletedAccounts 2023-06-01 2024-05-31 05462929 2024-05-31 05462929 core:WithinOneYear 2024-05-31 05462929 core:ShareCapital 2024-05-31 05462929 core:RetainedEarningsAccumulatedLosses 2024-05-31 05462929 2023-05-31 iso4217:GBP xbrli:pure