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Registration number: 04791181

27 GORDON ROAD (MANAGEMENT) LIMITED

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

27 GORDON ROAD (MANAGEMENT) LIMITED

Contents

Company Information

1

Director's Report

2

Profit and Loss Account

3

Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 9

Detailed Profit and Loss Account

10 to 11

 

27 GORDON ROAD (MANAGEMENT) LIMITED

Company Information

Director

Mr Graham Turner

Company secretary

Mr Graham Turner

Registered office

27 Gordon Road
London
W5 2AD

Bankers

National Westminster Bank Plc
St. James' & Piccadilly Branch
PO Box 2 DG
208 Piccadilly
London
W1A 2DG

Accountants

NRS ACCOUNTANTS & TAXATION SERVICES
264 High Road
Harrow Weald
Middlesex
HA3 7BB

 

27 GORDON ROAD (MANAGEMENT) LIMITED

Director's Report for the Year Ended 30 June 2024

The director presents his report and the financial statements for the year ended 30 June 2024.

Director of the company

The director who held office during the year was as follows:

Mr Graham Turner

Principal activity

The principal activity of the company is the Ownership and management of the freehold known as 27 Gordon Road, London W5 2AD, on behalf of its owners.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 13 March 2025
 

.........................................
Mr Graham Turner
Director

 

27 GORDON ROAD (MANAGEMENT) LIMITED

Profit and Loss Account for the Year Ended 30 June 2024

Note

2024
£

2023
£

Turnover

 

2,337

10,931

Gross profit

 

2,337

10,931

Distribution costs

 

(1,058)

(10,193)

Administrative expenses

 

(964)

(613)

Operating profit

 

315

125

Profit before tax

315

125

Profit for the financial year

 

315

125

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

27 GORDON ROAD (MANAGEMENT) LIMITED

(Registration number: 04791181)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

6,250

6,250

Current assets

 

Cash at bank and in hand

 

1,723

634

Creditors: Amounts falling due within one year

5

260

1,034

Net current assets

 

1,983

1,668

Total assets less current liabilities

 

8,233

7,918

Creditors: Amounts falling due after more than one year

5

(6,246)

(6,246)

Net assets

 

1,987

1,672

Capital and reserves

 

Called up share capital

6

4

4

Retained earnings

1,983

1,668

Shareholders' funds

 

1,987

1,672

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 13 March 2025
 

.........................................
Mr Graham Turner
Director

 

27 GORDON ROAD (MANAGEMENT) LIMITED

Statement of Changes in Equity for the Year Ended 30 June 2024

Share capital
£

Retained earnings
£

Total
£

At 1 July 2023

4

1,668

1,672

Profit for the year

-

315

315

At 30 June 2024

4

1,983

1,987

Share capital
£

Retained earnings
£

Total
£

At 1 July 2022

4

1,543

1,547

Profit for the year

-

125

125

At 30 June 2023

4

1,668

1,672

 

27 GORDON ROAD (MANAGEMENT) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
27 Gordon Road
London
W5 2AD

These financial statements were authorised for issue by the director on 13 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

27 GORDON ROAD (MANAGEMENT) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

27 GORDON ROAD (MANAGEMENT) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2023

6,250

6,250

At 30 June 2024

6,250

6,250

Depreciation

Carrying amount

At 30 June 2024

6,250

6,250

At 30 June 2023

6,250

6,250

Included within the net book value of land and buildings above is £6,250 (2023 - £6,250) in respect of freehold land and buildings.
 

 

27 GORDON ROAD (MANAGEMENT) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

600

600

Other creditors

(860)

(1,634)

(260)

(1,034)

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

6,246

6,246

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Equity of £1 each

4

4

4

4

         

7

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Other borrowings

6,246

6,246

 

27 GORDON ROAD (MANAGEMENT) LIMITED

Detailed Profit and Loss Account for the Year Ended 30 June 2024

2024
£

2023
£

Turnover (analysed below)

2,337

10,931

Gross profit (%)

100%

100%

Distribution costs (analysed below)

(1,058)

(10,193)

Administrative expenses

General administrative expenses (analysed below)

(964)

(613)

Operating profit

315

125

Profit before tax

315

125

 

27 GORDON ROAD (MANAGEMENT) LIMITED

Detailed Profit and Loss Account for the Year Ended 30 June 2024

2024
£

2023
£

   

Turnover

Services charge

2,212

10,806

Ground rent

125

125

2,337

10,931

   

Distribution costs

Light, heat and power

-

(24)

Insurance

(878)

(660)

Repairs and maintenance

(180)

(9,509)

(1,058)

(10,193)

   

General administrative expenses

Cleaning

(180)

-

Accountancy fees

(600)

(600)

Legal and professional fees

(184)

(13)

(964)

(613)