5 THACKERAY STREET FREEHOLD LIMITED |
Registered number: |
08351620 |
Balance Sheet |
as at 31 January 2025 |
|
Notes |
|
|
2025 |
|
|
2024 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
19,768 |
|
|
7,704 |
|
Current assets |
Cash at bank and in hand |
|
|
9,927 |
|
|
15,809 |
|
Creditors: amounts falling due within one year |
4 |
|
- |
|
|
(625) |
|
Net current assets |
|
|
|
9,927 |
|
|
15,184 |
|
Net assets |
|
|
|
29,695 |
|
|
22,888 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1 |
|
|
1 |
General Reserve |
5 |
|
|
13,207 |
|
|
13,207 |
Profit and loss account |
|
|
|
16,487 |
|
|
9,680 |
|
Sinking fund |
|
|
|
29,695 |
|
|
22,888 |
|
|
|
|
|
|
|
|
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. |
|
|
|
|
Marc Von Grundherr |
Director |
Approved by the board on 22 April 2025 |
|
5 THACKERAY STREET FREEHOLD LIMITED |
Notes to the Accounts |
for the year ended 31 January 2025 |
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|
1 |
Accounting policies |
|
|
Basis of preparation |
|
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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|
Turnover |
|
Sevice charge money are held on trust in accordance with section 42, Landlord and Tenanct act 1987 |
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Bank |
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Service charge monies are held in Trust at Metro Bank, under the following title: Current Account: 5 Thackeray Street Freehold Limited Account Number: XXXX8946 Sort Code: XX0580 Savings Account: 5 Thackeray Street Freehold Limited Account Number: XXXX8954 Sort Code: XX0580 |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
20% at reducing balance method. |
|
|
Debtors |
|
Short term debtors, if any are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets, if any are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors, if any are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities, if any are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability, if any is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset, if any is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax, if any is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses, if any and other deferred tax assets, if any are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax, if any is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount), if any are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Pensions |
|
Contributions to defined contribution plans, if any are expensed in the period to which they relate. |
|
|
2 |
Employees |
2025 |
|
2024 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 February 2024 |
14,904 |
|
Additions |
15,117 |
|
At 31 January 2025 |
30,021 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2024 |
7,200 |
|
Charge for the year |
3,053 |
|
At 31 January 2025 |
10,253 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2025 |
19,768 |
|
At 31 January 2024 |
7,704 |
|
|
4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
£ |
£ |
|
|
Trade creditors |
- |
|
625 |
|
|
|
|
|
|
|
|
|
|
5 |
General reserve |
2025 |
|
2024 |
£ |
£ |
|
|
At 1 February 2024 |
13,207 |
|
13,207 |
|
|
At 31 January 2025 |
13,207 |
|
13,207 |
|
|
|
|
|
|
|
|
|
|
6 |
Related party transactions |
|
|
The director has charged £2455.63 (£625: 31 January 2024) to company as oversight Fees for works for repairs, which is shown under management fees. |
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|
7 |
Controlling party |
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Mr Marc Von Grundherr is the ultimate controlling party of the company by virtue of his shareholding in the company. |
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8 |
Other information |
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5 THACKERAY STREET FREEHOLD LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
C/O Hoffman & Cohen |
|
128 Brompton Road |
|
London |
|
SW3 1JD |