Company registration number 05636528 (England and Wales)
80 STATION ROAD (SHOLING) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
80 STATION ROAD (SHOLING) LTD
BALANCE SHEET
AS AT
29 SEPTEMBER 2024
29 September 2024
1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
7,522
7,522
Current assets
Cash at bank and in hand
8,003
8,303
Creditors: amounts falling due within one year
4
(6,688)
(6,611)
Net current assets
1,315
1,692
Total assets less current liabilities
8,837
9,214
Creditors: amounts falling due after more than one year
5
(7,703)
(7,703)
Net assets
1,134
1,511
Capital and reserves
Called up share capital
6
3
4
Capital redemption reserve
1
Profit and loss reserves
1,130
1,507
Total equity
1,134
1,511
80 STATION ROAD (SHOLING) LTD
BALANCE SHEET (CONTINUED)
AS AT
29 SEPTEMBER 2024
29 September 2024
2
For the financial year ended 29 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 5 June 2025 and are signed on its behalf by:
J Smith
Director
Company registration number 05636528 (England and Wales)
80 STATION ROAD (SHOLING) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024
3
1
Accounting policies
Company information
80 Station Road (Sholing) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 30 Bury Mead, Stanton Harcourt, Witney, Oxfordshire, OX29 5SD.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Tangible fixed assets
This represents the freehold reversion in the land and buildings at 80 Station Road, Sholing, Southampton, stated at cost. The directors assess annually the need to provide for any impairment. The leases run for 125 years from 29 September 1988.
The freehold interest has not been depreciated.
1.3
Cash and cash equivalents
At the balance sheet date the company bank account also contained £6,311 (2023: £6,611) which is held on trust for the leaseholders under section 42 of the Landlord and Tenant Act 1987. The amount is also shown as a Creditor due within One Year.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
80 STATION ROAD (SHOLING) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 SEPTEMBER 2024
1
Accounting policies (Continued)
4
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
1.5
The company contracts with third parties in its own name for the supply of services to the property for maintenance of the common parts in accordance with the terms of the leases. At 29 September 2024 the company had not entered into any non-cancellable contractual commitments (2023: £nil).
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
80 STATION ROAD (SHOLING) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 SEPTEMBER 2024
5
3
Tangible fixed assets
Freehold land
£
Cost
At 30 September 2023 and 29 September 2024
7,522
Depreciation and impairment
At 30 September 2023 and 29 September 2024
Carrying amount
At 29 September 2024
7,522
At 29 September 2023
7,522
Included in land and buildings is freehold land valued at £7,522 (2023: £7,522) which is not depreciated.
4
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
6,688
6,611
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
7,703
7,703
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
3
4
3
4
During the year the company repurchased an ordinary share of £1 from a shareholder for £377. The share was subsequently cancelled. A capital redemption reserve representing the nominal value of the share has been created to maintain the capital of the company.
80 STATION ROAD (SHOLING) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 SEPTEMBER 2024
6
7
Related party transactions
At 29 September 2024 the company owed the residents of 80 Station Road, Sholing, Southampton £6,688 (2023: £6,611). All three leaseholders are directors of the company (2023: Four).