Company Registration No. 05316770 (England and Wales)
1-20A PRINCE OF WALES MANSIONS LIMITED
Unaudited accounts
for the year ended 31 December 2024
1-20A PRINCE OF WALES MANSIONS LIMITED
Unaudited accounts
Contents
1-20A PRINCE OF WALES MANSIONS LIMITED
Company Information
for the year ended 31 December 2024
Directors
C M Fellowes
C A Molyneaux
DS Dodd
Company Number
05316770 (England and Wales)
Registered Office
FLAT 7A PRINCE OF WALES MANSIONS
PRINCE OF WALES DRIVE
LONDON
SW11 4BG
ENGLAND
Accountants
Bucks Tax And Payroll Services Limited
217 Dundrum Road
Newcastle
Down
BT33 0LW
1-20A PRINCE OF WALES MANSIONS LIMITED
Statement of financial position
as at 31 December 2024
Investment property
219,802
219,802
Cash at bank and in hand
47,789
47,683
Creditors: amounts falling due within one year
(3,547)
(4,871)
Net current assets
44,979
42,825
Total assets less current liabilities
264,781
262,627
Creditors: amounts falling due after more than one year
(50,944)
(50,944)
Net assets
213,837
211,683
Called up share capital
49
49
Profit and loss account
213,788
211,634
Shareholders' funds
213,837
211,683
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by
C M Fellowes
Director
Company Registration No. 05316770
1-20A PRINCE OF WALES MANSIONS LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1-20A PRINCE OF WALES MANSIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05316770. The registered office is FLAT 7A PRINCE OF WALES MANSIONS, PRINCE OF WALES DRIVE, LONDON, SW11 4BG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The issued share capital of the Company comprises 49 shares of £1 each, divided into 25 ordinary A £1 shares and 24 ordinary B £1 shares each ranking pari passu, except that the holders of the ordinary A shares shall only be entitled to vote on matters pertaining to service charges payable in respect of residences in the building, and shall be transferred to the new tenant once the holders cease to be residents of the building.
The holders of the ordinary B shares are not obliged to transfer them for any reason, and are also required to contribute towards any shortfall of monies needed to repay the mortgage taken out by the Company.
The freehold purchase is included at cost.
Fair value at 1 January 2024
219,802
At 31 December 2024
219,802
The freehold purchase is valued at cost.
Amounts falling due within one year
1-20A PRINCE OF WALES MANSIONS LIMITED
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
-
1,999
Taxes and social security
641
702
Loans from directors
1,836
558
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
50,944
50,944
Allotted, called up and fully paid:
25 Ordinary A shares of £1 each
25
25
24 Ordinary B shares of £1 each
24
24
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).