Company registration number 01112618 (England and Wales)
PRESTWOOD FLATS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
PRESTWOOD FLATS LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2
PRESTWOOD FLATS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
19,938
26,824
Cash at bank and in hand
36,123
23,902
56,061
50,726
Creditors: amounts falling due within one year
4
(17,576)
(16,994)
Net current assets
38,485
33,732
Capital and reserves
Called up share capital
58
58
Management funds reserve
38,427
33,674
Total equity
38,485
33,732
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 December 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 28 March 2025 and are signed on its behalf by:
K Gannon
Director
Company registration number 01112618 (England and Wales)
PRESTWOOD FLATS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information
Prestwood Flats Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Champneys, Upper Hitch, Watford, Herts, WD19 5JA.
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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value].
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
14,787
18,171
Other debtors
5,151
8,653
19,938
26,824
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2
2
Corporation tax
76
69
Other creditors
17,498
16,923
17,576
16,994