REGISTERED NUMBER: |
20 LINDEN GARDENS MANAGEMENT LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
REGISTERED NUMBER: |
20 LINDEN GARDENS MANAGEMENT LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
20 LINDEN GARDENS MANAGEMENT LIMITED (REGISTERED NUMBER: 01675434) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 September 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
20 LINDEN GARDENS MANAGEMENT LIMITED |
COMPANY INFORMATION |
for the year ended 30 September 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
19-20 Bourne Court |
Southend Road |
Woodford Green |
Essex |
IG8 8HD |
20 LINDEN GARDENS MANAGEMENT LIMITED (REGISTERED NUMBER: 01675434) |
ABRIDGED BALANCE SHEET |
30 September 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Maintenance reserve account | ( |
) |
Internal redecoration reserve |
SHAREHOLDERS' FUNDS | ( |
) |
The directors acknowledge their 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. |
20 LINDEN GARDENS MANAGEMENT LIMITED (REGISTERED NUMBER: 01675434) |
ABRIDGED BALANCE SHEET - continued |
30 September 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
20 LINDEN GARDENS MANAGEMENT LIMITED (REGISTERED NUMBER: 01675434) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 September 2024 |
1. | STATUTORY INFORMATION |
20 Linden Gardens Management Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on the going concern basis as the directors are of the opinion that the company will meet its liabilities as and when due, due to the continued support of the directors. |
Short term debtors and creditors |
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | TANGIBLE FIXED ASSETS |
On 18th July 2014 the company acquired the freehold interest in the property known as 20-22 Linden Gardens London W2 4ES for the sum of £183,834 including legal costs subject to and with the benefit of a head lease. The cost of the acquisition was financed by loan notes from sub-lessees who each accepted an extension of their lease to 999 years at a peppercorn rent in lieu of repayment of their loan. The net cost of the freehold property is included in the accounts at £nil as follows:- |
£ |
Cost of freehold property | 183,834 |
Less: Loans to the company waived following lease extensions granted | 183,834 |
- |
5. | CONTINGENT LIABILITIES |
The company has a contingent liability in that the exterior and the interior of the block have to be redecorated in every fifth year or so often as may be reasonably required. |