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Registration number: 07616805

50 Sinclair Road Freehold Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

50 Sinclair Road Freehold Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

50 Sinclair Road Freehold Limited

Company Information

Director

Gustavo Domingos Romano-Jackson

Company secretary

Ruth Penelope Romano-Jackson

Registered office

Flat 9
50 Sinclair Road
London
W14 0NH

Accountants

Capys Limited 7 Molyneux Street
London
W1H 5HP

 

50 Sinclair Road Freehold Limited

(Registration number: 07616805)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

47,914

47,914

Current assets

 

Debtors

5

2,200

2,200

Cash at bank and in hand

 

8,125

2,944

 

10,325

5,144

Creditors: Amounts falling due within one year

6

(11,342)

-

Net current (liabilities)/assets

 

(1,017)

5,144

Net assets

 

46,897

53,058

Reserves

 

Members reserves

51,425

51,425

Maintenance reserves

(4,528)

1,633

Surplus

 

46,897

53,058

For the financial 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.

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 May 2025
 

.........................................
Gustavo Domingos Romano-Jackson
Director

 

50 Sinclair Road Freehold Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Flat 9
50 Sinclair Road
London
W14 0NH
United Kingdom

These financial statements were authorised for issue by the director on 15 May 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

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.

 

50 Sinclair Road Freehold Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

3

Staff numbers

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

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2024

47,914

47,914

At 31 December 2024

47,914

47,914

Depreciation

Carrying amount

At 31 December 2024

47,914

47,914

At 31 December 2023

47,914

47,914

Included within the net book value of land and buildings above is £47,914 (2023 - £47,914) in respect of freehold land and buildings.
 

 

50 Sinclair Road Freehold Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Debtors

Current

2024
£

2023
£

Prepayments

2,200

2,200

 

2,200

2,200

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

11,342

-

To provide a clearer picture of the Company's true reserves at the year end all movements in debtors and creditors have been reflected in the reserves. The balance in debtors represents a disputed payment to an energy supplier.