IRIS Accounts Production v24.3.2.46 12115919 director 1.8.23 31.7.24 31.7.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh121159192023-07-31121159192024-07-31121159192023-08-012024-07-31121159192022-07-31121159192022-08-012023-07-31121159192023-07-3112115919ns15:EnglandWales2023-08-012024-07-3112115919ns14:PoundSterling2023-08-012024-07-3112115919ns10:Director12023-08-012024-07-3112115919ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3112115919ns10:SmallEntities2023-08-012024-07-3112115919ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3112115919ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3112115919ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3112115919ns10:FullAccounts2023-08-012024-07-3112115919ns10:CompanySecretary12023-08-012024-07-3112115919ns10:RegisteredOffice2023-08-012024-07-3112115919ns5:CurrentFinancialInstruments2024-07-3112115919ns5:CurrentFinancialInstruments2023-07-3112115919ns5:Non-currentFinancialInstruments2024-07-3112115919ns5:Non-currentFinancialInstruments2023-07-3112115919ns5:ShareCapital2024-07-3112115919ns5:ShareCapital2023-07-3112115919ns5:RetainedEarningsAccumulatedLosses2024-07-3112115919ns5:RetainedEarningsAccumulatedLosses2023-07-3112115919ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-08-012024-07-3112115919ns5:FurnitureFittings2023-08-012024-07-3112115919ns5:LandBuildings2023-07-3112115919ns5:FurnitureFittings2023-07-3112115919ns5:LandBuildings2023-08-012024-07-3112115919ns5:LandBuildings2024-07-3112115919ns5:FurnitureFittings2024-07-3112115919ns5:LandBuildings2023-07-3112115919ns5:FurnitureFittings2023-07-3112115919ns5:CostValuation2023-07-3112115919ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3112115919ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3112115919ns5:Secured2024-07-3112115919ns5:Secured2023-07-31



























41 DOWN ROAD LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024






41 DOWN ROAD LTD (REGISTERED NUMBER: 12115919)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


41 DOWN ROAD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTOR: S P Fenn





SECRETARY: Mrs S L Fenn





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 12115919 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

41 DOWN ROAD LTD (REGISTERED NUMBER: 12115919)

BALANCE SHEET
31ST JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,753,727 1,758,696
Investments 5 100 100
1,753,827 1,758,796

CURRENT ASSETS
Debtors 6 170,046 179,244
Cash at bank 458 3,471
170,504 182,715
CREDITORS
Amounts falling due within one year 7 3,111 3,186
NET CURRENT ASSETS 167,393 179,529
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,921,220

1,938,325

CREDITORS
Amounts falling due after more than one
year

8

1,923,600

1,920,107
NET (LIABILITIES)/ASSETS (2,380 ) 18,218

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (2,381 ) 18,217
(2,380 ) 18,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

41 DOWN ROAD LTD (REGISTERED NUMBER: 12115919)

BALANCE SHEET - continued
31ST JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th March 2025 and were signed by:





S P Fenn - Director


41 DOWN ROAD LTD (REGISTERED NUMBER: 12115919)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

41 Down Road Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

41 DOWN ROAD LTD (REGISTERED NUMBER: 12115919)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1st August 2023
and 31st July 2024 1,751,840 17,757 1,769,597
DEPRECIATION
At 1st August 2023 - 10,901 10,901
Charge for year - 4,969 4,969
At 31st July 2024 - 15,870 15,870
NET BOOK VALUE
At 31st July 2024 1,751,840 1,887 1,753,727
At 31st July 2023 1,751,840 6,856 1,758,696

Cost or valuation at 31st July 2024 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2021 118,902 - 118,902
Cost 1,632,938 17,757 1,650,695
1,751,840 17,757 1,769,597

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st August 2023
and 31st July 2024 100
NET BOOK VALUE
At 31st July 2024 100
At 31st July 2023 100

6. DEBTORS
31.7.24 31.7.23
£    £   
Amounts falling due within one year:
Other debtors 44,634 40,425

41 DOWN ROAD LTD (REGISTERED NUMBER: 12115919)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

6. DEBTORS - continued
31.7.24 31.7.23
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 125,412 138,819

Aggregate amounts 170,046 179,244

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other creditors 3,111 3,186

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 1,679,172 1,678,875
Amounts owed to group undertakings 244,428 241,232
1,923,600 1,920,107

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 1,679,172 1,678,875

The bank loan is secured by a fixed and floating charge on the freehold property and assets of the company.

10. RELATED PARTY DISCLOSURES

The company novated a balance of £241,232 due to Origen Developments Ltd to Fennies Day Nurseries Limited an associated company, Origen Developments Ltd who carried out the development work on the property. Origen Developments Ltd was liquidated in the year.

Including the novated sum, the company owed Fennies Day Nurseries Ltd £244,428 (2023: £nil) at the year end.

At the year end, a sum of £124,437 (2023 £137,844) was owed by the parent company, Albrin Capital Ltd.

The subsidiary 41 Down Flats Ltd, owed the company £975 at the year end (2023: £975)

All the above sums were interest free and repayable on demand.