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Registration number: 3224147

10 Lindfield Gardens Management Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

10 Lindfield Gardens Management Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

10 Lindfield Gardens Management Limited

Company Information
__________________________________________________________________________

Directors

J L Bernardi

D Price

C S Bernardi

N Cohen

Company secretary

D Price

Registered office

2 Palace Court
250 Finchley Road
London
NW3 6DN


 

Accountants

Brooks Green
Chartered AccountantsAbbey House
342 Regents Park Road
London
N3 2LJ

 

10 Lindfield Gardens Management Limited

(Registration number: 3224147)
Balance Sheet as at 31 July 2024
__________________________________________________________________________

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

3

 

64,500

 

64,500

Current assets

   

 

Debtors

4

2,332

 

2,335

 

Cash at bank and in hand

 

314

 

3,051

 

 

2,646

 

5,386

 

Creditors: Amounts falling due within one year

5

(2,646)

 

(5,386)

 

Net current assets/(liabilities)

   

-

 

-

Net assets

   

64,500

 

64,500

Capital and reserves

   

 

Called up share capital

6

3

 

3

 

Share premium reserve

64,497

 

64,497

 

Shareholders' funds

   

64,500

 

64,500

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 April 2025 and signed on its behalf by:
 

.........................................
D Price
Company secretary and director

 

10 Lindfield Gardens Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
__________________________________________________________________________

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

The freehold interest in 10 Lindfield Gardens, London NW3 6PU is not depreciated as the interest of the companiy lies essentially in land and buildings.

Asset class

Depreciation method and rate

Freehold property

Not depreciated

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

10 Lindfield Gardens Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
__________________________________________________________________________

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 August 2023

64,500

64,500

At 31 July 2024

64,500

64,500

Depreciation

Carrying amount

At 31 July 2024

64,500

64,500

At 31 July 2023

64,500

64,500

Included within the net book value of land and buildings above is £64,500 (2023 - £64,500) in respect of freehold land and buildings.
 

 

10 Lindfield Gardens Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
__________________________________________________________________________

4

Debtors

Current

2024
£

2023
£

Other debtors

2,332

2,335

 

2,332

2,335

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

2,646

5,386

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

3

3

3

3