King's River (Flats) Limited |
Registered number: |
01026273 |
Balance Sheet |
as at 24 June 2024 |
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2024 |
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2023 |
£ |
£ |
Current assets |
Debtors |
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801 |
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750 |
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Net current assets |
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801 |
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750 |
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Net assets |
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801 |
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750 |
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Capital and reserves |
5 Founder Shares of £0.20 each |
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1 |
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1 |
40 Ordinary Shares of £20 each |
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800 |
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749 |
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Capital and reserves |
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801 |
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750 |
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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. |
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Phillip Charles Ackerley |
Director |
Approved by the board on 21 March 2025 |
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King's River (Flats) Limited |
Notes to the Accounts |
for the year ended 24 June 2024 |
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1 |
General information |
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Basis of preparation |
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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). |
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Accounting policy |
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The company acts as trustee of a statutory trust in respect of service charge monies collected for the maintenance of properties at King's River (Flats) Limited. The company's accounting policy is to exclude these funds from the company's accounts as separate service charge accounts are prepared and certified. |
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The company has not traded throughout the period ended 24 June 2024. However, reference to information relating to the prior period has been made where appropriate. |
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Service charges |
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The company is responsible for the management of properties at King's River (Flats) Limited and collects service charges from the lessees in order to fund expenditure incurred in the management of the property. These service charge funds are held in trust for the lessees in order to fund expenditure incurred in the management of the property. These service charge funds are held in trust for the lessees as required by the Landlord & Tenant Act 1987. Transactions relating to the management of the property are reported separately to the lessees and are excluded from the company's financial statement. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Related party transactions |
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The directors are shareholders/members in the company and contribute towards the service charge administered by the company in accordance with the percentages set out in their leases on an arms length basis. Any directors that are not shareholders/members are contracted on an arms length basis. There were no financial arrangements entered into with directors within the financial year. There is no ultimate controlling party. |
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4 |
Contractual commitments |
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The company (RMC) arranges payment on behalf of the freeholder for the supply of services to the property for maintenance of the common parts in accordance with the terms of the leases. At 24 June 2024 the company had not entered into any non-cancellable contractual commitments. |
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5 |
Other information |
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King's River (Flats) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Office One |
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Coldbath Square |
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London |
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England |
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EC1R 5HL |