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REGISTERED NUMBER: 04076923 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024

FOR

14 SALISBURY ROAD (RESIDENTS) LIMITED

14 SALISBURY ROAD (RESIDENTS) LIMITED (REGISTERED NUMBER: 04076923)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


14 SALISBURY ROAD (RESIDENTS) LIMITED (REGISTERED NUMBER: 04076923)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 6,043 6,043

CURRENT ASSETS
Debtors 6 4 4

CREDITORS
Amounts falling due within one year 7 6,043 6,043
NET CURRENT LIABILITIES (6,039 ) (6,039 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4

4

CAPITAL AND RESERVES
Called up share capital 8 4 4
SHAREHOLDERS' FUNDS 4 4

14 SALISBURY ROAD (RESIDENTS) LIMITED (REGISTERED NUMBER: 04076923)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 23 May 2025 and were signed on its behalf by:





Ms K Mitchell - Director


14 SALISBURY ROAD (RESIDENTS) LIMITED (REGISTERED NUMBER: 04076923)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

14 Salisbury Road (Residents) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04076923

Registered office: 14 Salisbury Road
Hove
East Sussex
BN3 3AD

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents ground rents receivable.

Tangible fixed assets
The freehold property, which is subject to four leasehold interests, is carried at cost including the legal costs of acquisition.

The freehold reversionary interest in land owned by the company is regarded as the equivalent of freehold land. Accordingly, there is no deterioration in the asset and no depreciation needs to be charged in these accounts in accordance with the Companies Act.

14 SALISBURY ROAD (RESIDENTS) LIMITED (REGISTERED NUMBER: 04076923)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Reversion
interest
in
freehold
property
£   
COST
At 1 October 2023
and 30 September 2024 6,043
NET BOOK VALUE
At 30 September 2024 6,043
At 30 September 2023 6,043

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4 4

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 6,043 6,043

14 SALISBURY ROAD (RESIDENTS) LIMITED (REGISTERED NUMBER: 04076923)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary £1 4 4

9. RELATED PARTY DISCLOSURES

The directors have a leasehold interest in 14 Salisbury Road and as such pay ground rents to the company. During the year £400 (2023: £400) was receivable from the directors.