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COMPANY REGISTRATION NUMBER: 2389198
38 SILLWOOD ROAD LIMITED
Company Limited by Guarantee
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 August 2024
38 SILLWOOD ROAD LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION
31 August 2024
2024
2023
Note
£
£
£
Current assets
Cash at bank and in hand
893
5,919
Creditors: amounts falling due within one year
6
893
5,919
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income & expenditure account has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 May 2025 , and are signed on behalf of the board by:
C M L Ralphs
Director
Company registration number: 2389198
38 SILLWOOD ROAD LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 38 Sillwood Road, Brighton, East Sussex, BN1 2LE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements are prepared in sterling, which is the functional currency of the entity. The company has no income or expenditure in its own right. Service charges collected are held on trust by the company for the purpose of meeting the relevant costs in relation to the property, in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987. Information relating to the service charge accounts are dealt with as a separate statement of account.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Company limited by guarantee
The company is limited by guarantee, without share capital. Its members undertake to contribute £1 in the event of the company's winding up. Only lessees of the flats in 38 Sillwood Road can be members of the company.
5. Fixed assets
The company owns the freehold of 38 Sillwood Road, Brighton, East Sussex, BN1 2LE
6. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
893
5,919
----
-------
Other creditors represent amounts owed to the service charge account arising from the use of the company's bank account for the service charge account transactions.