Company registration number 01902182 (England and Wales)
20 DALEHAM GARDENS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
20 DALEHAM GARDENS LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
20 DALEHAM GARDENS LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
4
4,250
4,250
Current assets
Cash and cash equivalents
4,527
4,247
Current liabilities
5
(2,020)
(2,020)
Net current assets
2,507
2,227
Total assets less current liabilities
6,757
6,477
Non-current liabilities
6
(4,550)
(4,550)
Net assets
2,207
1,927
Equity
Called up share capital
7
7
Other reserves
5,250
5,250
Retained earnings
(3,050)
(3,330)
Total equity
2,207
1,927
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 15 April 2025 and are signed on its behalf by:
Mr Barry Driver
Director
Company registration number 01902182 (England and Wales)
20 DALEHAM GARDENS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information
20 Daleham Gardens Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 20 Daleham Gardens, London, NW3 5DA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The service charge income and expenditure for the same period are disclosed in a separate statement as per the guidance issued by the Institute of Chartered Accountants (guidance notes TECH 03/11) published jointly by the ICAEW with ARMA and RICS.
1.2
Property, plant and equipment
Property, plant and equipment are initially measured at cost and subsequently measured at cost, net of any impairment losses. The Directors consider the residual value of the freehold interest in the building to be higher than cost and therefore no depreciation is provided.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. The non-current liabilities are recorded at the transaction price in accordance with FRS102 paragraph 11.15A.
20 DALEHAM GARDENS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
Property, plant and equipment
Land and buildings
£
Cost
At 1 September 2023 and 31 August 2024
4,250
Depreciation and impairment
At 1 September 2023 and 31 August 2024
Carrying amount
At 31 August 2024
4,250
At 31 August 2023
4,250
5
Current liabilities
2024
2023
£
£
Other payables
2,020
2,020
Creditors include monies due to shareholders of £1,600 (2023: £1,600).
20 DALEHAM GARDENS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
6
Non-current liabilities
2024
2023
£
£
Other payables
4,550
4,550
The amounts falling due after more than one year are the Shareholder Loans of £4,550 provided to finance the original cost of the freehold purchase of the property 20 Daleham Gardens, completed on 30th November 1986.