Registered number
02998406
The 34 Mount Ephraim Road Management Company Limited
Filleted Accounts
24 June 2024
The 34 Mount Ephraim Road Management Company Limited
Registered number: 02998406
Balance Sheet
as at 24 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 92 122
Current assets
Debtors 4 816 677
Cash at bank and in hand 5,750 2,834
6,566 3,511
Creditors: amounts falling due within one year 5 (1,130) (1,224)
Net current assets 5,436 2,287
Net assets 5,528 2,409
Capital and reserves
Called up share capital 8 8
Profit and loss account 5,520 2,401
Shareholders' funds 5,528 2,409
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.
Nicholas Charles Woodhouse
Director
Approved by the board on 11 March 2025
The 34 Mount Ephraim Road Management Company Limited
Notes to the Accounts
for the year ended 24 June 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).
Turnover
The turnover represents sales at invoiced value to UK customers. The whole of the company's turnover and profitibility is derived within the United Kingdomfrom it's principle activity, which is the leaseholders making contributions for the maintenance and management of their building.
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:
Equipment 0%
Furniture & fittings 25% reducing balance basis
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
The company is operating as a trust and exempt from HMRC's corporation tax.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Furniture & fittings Motor vehicles Total
£ £ £
Cost
At 25 June 2023 380 1 381
At 24 June 2024 380 1 381
Depreciation
At 25 June 2023 259 - 259
Charge for the year 30 - 30
At 24 June 2024 289 - 289
Net book value
At 24 June 2024 91 1 92
At 24 June 2023 121 1 122
4 Debtors 2024 2023
£ £
Prepayments 816 677
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors: contribution received in advance 596 600
Other creditors 534 624
1,130 1,224
6 Other information
The 34 Mount Ephraim Road Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
34 Mount Ephraim Road
London
SW16 1LW
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