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Company registration number: 06310512
Science Block Ltd
Company limited by guarantee
Unaudited financial statements
31 December 2024
Science Block Ltd
Company limited by guarantee
Contents
Directors and other information
Directors report
Statement of income and retained earnings
Statement of financial position
Notes to the financial statements
Science Block Ltd
Company limited by guarantee
Directors and other information
Directors John Hugh Dennis
Gary Anderson
John Drummond
Charles Coffey
Gary Maxen
Philip Dunlop
Antoine Peyronnel
Natalie Landale
Tiffany Landale
Secretary J H Dennis
Company number 06310512
Registered office 7 Bradstock Road
Hackney
London
E9 5BZ
Accountants Hill Allen (Wickford) Limited
Office 1 Riverside Court
24 Lower Southend Road
Wickford
SS11 8AW
Bankers Lloyds Bank plc
The Arcade, Westfield Shopping Centre
52-53 Montfichet Rd
London
E20 1EH
Science Block Ltd
Company limited by guarantee
Directors report
Year ended 31 December 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2024.
Directors
The directors who served the company during the year were as follows:
John Hugh Dennis
Gary Anderson
John Drummond
Charles Coffey
Gary Maxen
Philip Dunlop
Antoine Peyronnel
Natalie Landale
Tiffany Landale
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 05 March 2025 and signed on behalf of the board by:
J H Dennis
Secretary
Science Block Ltd
Company limited by guarantee
Statement of income and retained earnings
Year ended 31 December 2024
2024 2023
Note £ £
Turnover 300 300
Cost of sales - -
Administrative expenses ( 163) ( 163)
_______ _______
Operating profit 137 137
Profit before taxation 137 137
Tax on profit - -
_______ _______
Profit for the financial year and total comprehensive income 137 137
_______ _______
Retained earnings at the start of the year 1,604 1,467
_______ _______
Retained earnings at the end of the year 1,741 1,604
_______ _______
All the activities of the company are from continuing operations.
Science Block Ltd
Company limited by guarantee
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 34,829 34,829
_______ _______
34,829 34,829
Current assets
Debtors 6 270 270
Cash at bank and in hand 10 13
_______ _______
280 283
Creditors: amounts falling due
within one year 7 ( 93) ( 233)
_______ _______
Net current assets 187 50
_______ _______
Total assets less current liabilities 35,016 34,879
Creditors: amounts falling due
after more than one year 8 ( 33,275) ( 33,275)
_______ _______
Net assets 1,741 1,604
_______ _______
Capital and reserves
Profit and loss account 1,741 1,604
_______ _______
Members funds 1,741 1,604
_______ _______
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the board of directors and authorised for issue on 05 March 2025 , and are signed on behalf of the board by:
John Hugh Dennis Antoine Peyronnel
Director Director
Company registration number: 06310512
Science Block Ltd
Company limited by guarantee
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 7 Bradstock Road, Hackney, London, E9 5BZ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents ground rents and other funds receivable from the leaseholders of the property for which the company holds the reversionary interest.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - No depreciation is provided on the freehold reversionary interest held by the company.
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
4. Limited by guarantee
The company is limited by guarantee and has no share capital. The liability of each member is limited to £1.
5. Tangible assets
Freehold property Total
£ £
Cost
At 1 January 2024 and 31 December 2024 34,829 34,829
_______ _______
Depreciation
At 1 January 2024 and 31 December 2024 - -
_______ _______
Carrying amount
At 31 December 2024 34,829 34,829
_______ _______
At 31 December 2023 34,829 34,829
_______ _______
6. Debtors
2024 2023
£ £
Other debtors 270 270
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 23 163
Other creditors 70 70
_______ _______
93 233
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 33,275 33,275
_______ _______
9. Controlling party
There is no controlling party.