| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| BROOK MEWS (LONDON W2) |
| MANAGEMENT COMPANY LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| BROOK MEWS (LONDON W2) |
| MANAGEMENT COMPANY LIMITED |
| BROOK MEWS (LONDON W2) |
| MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03902004) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 30 September 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| BROOK MEWS (LONDON W2) |
| MANAGEMENT COMPANY LIMITED |
| COMPANY INFORMATION |
| For The Year Ended 30 September 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1st Floor |
| Ocean Village Innovation Centre |
| Ocean Way |
| Southampton |
| Hampshire |
| SO14 3JZ |
| BROOK MEWS (LONDON W2) |
| MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03902004) |
| BALANCE SHEET |
| 30 September 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| RESERVES |
| Other reserves |
| 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 surplus or deficit 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 were approved by the Board of Directors and authorised for issue on |
| BROOK MEWS (LONDON W2) |
| MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03902004) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 30 September 2024 |
| 1. | STATUTORY INFORMATION |
| Brook Mews (London W2) Management Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Investment property |
| The property is held for investment in trust for the beneficiaries as detailed in the trust document dated 10th November 2021. The property is not for consumption and the directors consider that to depreciate it would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which otherwise would have been charged cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view. |
| Service charges |
| The company is responsible for maintaining and managing the property at 19 to 28 Brook Mews North, Paddington, London, W2 3BW. The company collects service charges from lessees in order to fund expenditure incurred in the management of the property. These service charge funds are held in trust for the lessees as required by the Landlord and Tenant Act 1987. |
| Transactions relating to the management of the property are reported separately to the lessees. |
| Ground rent |
| The company collects ground rent on behalf of the beneficiaries of the company as stipulated in the trust deed dated 10th November 2021. The ground rent is paid over to the beneficiaries and is considered to be the taxable income of the beneficiaries and is therefore not reflected in the company accounts. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1 October 2023 |
| and 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |