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REGISTERED NUMBER: 04665667 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

TWENTY NEW GLOBE WALK
MANAGEMENT COMPANY LIMITED

TWENTY NEW GLOBE WALK
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04665667)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TWENTY NEW GLOBE WALK
MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: J M Nolan
S S F Yeoh
C M Birch
A R Marrocco





SECRETARY: Rendall and Rittner Limited





REGISTERED OFFICE: Rendall and Rittner Limited
13b St. George Wharf
London
SW8 2LE





REGISTERED NUMBER: 04665667 (England and Wales)





ACCOUNTANTS: Sproull & Co.
Chartered Accountants
First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD

TWENTY NEW GLOBE WALK
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04665667)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 184,912 184,912

CURRENT ASSETS
Debtors 5 6,914 200
Cash at bank 20,711 34,373
27,625 34,573
CREDITORS
Amounts falling due within one year 6 46,524 29,929
NET CURRENT (LIABILITIES)/ASSETS (18,899 ) 4,644
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,013

189,556

CREDITORS
Amounts falling due after more than one year 7 64,684 104,684
NET ASSETS 101,329 84,872

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 101,309 84,852
SHAREHOLDERS' FUNDS 101,329 84,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TWENTY NEW GLOBE WALK
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04665667)

BALANCE SHEET - continued
31ST MAY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th May 2025 and were signed on its behalf by:





A R Marrocco - Director


TWENTY NEW GLOBE WALK
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04665667)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. STATUTORY INFORMATION

Twenty New Globe Walk Management Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company meets its day to day working capital requirements through the support of its shareholders. The directors have confirmed that this support will continue to be made available for the foreseeable future.

Turnover
Turnover represents ground rents and storeroom rent receivable.

Tangible fixed assets
Land and buildings are shown at cost less any accumulated depreciation and any accumlated impairment losses.

Land and buildings are depreciated over their estimated useful economic life after taking the residual value of the assets into consideration. The directors consider the residual value of the company's land and buildings to be in excess of the original cost and consequently no depreciation is provided.

The residual value of the company's assets and whether the value has been impaired are considered by the directors on an annual basis.

Taxation
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

TWENTY NEW GLOBE WALK
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04665667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1st June 2023
and 31st May 2024 184,912
NET BOOK VALUE
At 31st May 2024 184,912
At 31st May 2023 184,912

The freehold title is subject to long leases granted to individual flat owners in the property.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,914 200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation 3,860 4,851
Other creditors 2,033 6,846
Due to lessees 34,473 4,187
Due to 20 New Globe Walk
Service Charge Fund 3,458 11,615
Accrued expenses 2,700 2,430
46,524 29,929

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Loan capital and interest due
to shareholders 64,684 104,684
64,684 104,684

TWENTY NEW GLOBE WALK
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04665667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

The capital provided by the shareholders to purchase the freehold of Twenty New Globe Walk included loan notes and loan capital.

The loan notes have been repaid in full. The loan capital is not interest bearing and can be repaid at the direction of the directors and hence is shown due in greater than one year.

The provision for interest (which relates to the interest bearing loan notes) included in the total balance is £25,795 (2023 - £25,795).