REGISTERED NUMBER: |
| REPORT OF THE DIRECTOR AND |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
FOR |
| 6 LEGGE LANE MANAGEMENT LIMITED |
REGISTERED NUMBER: |
| REPORT OF THE DIRECTOR AND |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
FOR |
| 6 LEGGE LANE MANAGEMENT LIMITED |
6 LEGGE LANE MANAGEMENT LIMITED (REGISTERED NUMBER: 12411125) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
6 LEGGE LANE MANAGEMENT LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
55 Loudoun Road |
St John's Wood |
London |
NW8 0DL |
6 LEGGE LANE MANAGEMENT LIMITED (REGISTERED NUMBER: 12411125) |
REPORT OF THE DIRECTOR |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
The director presents his report with the financial statements of the company for the year ended 31 December 2024. |
PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of management of the 6 Legge Lane property. |
REVIEW OF BUSINESS |
The results for the year and financial position of the company are as shown in the annexed financial statements. |
DIRECTORS |
The directors during the year under review were: |
- resigned 1.3.2024 |
- resigned 30.9.2024 |
- appointed 1.3.2024 |
The director holding office at 31 December 2024 did not hold any beneficial interest in the issued share capital of the company at date of appointment or 31 December 2024. |
On 1 March 2024 Mr G J Hope resigned as a director and Mr G Zhang was appointed as a director. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
6 LEGGE LANE MANAGEMENT LIMITED (REGISTERED NUMBER: 12411125) |
INCOME STATEMENT |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
31.12.24 | 31.12.23 |
Notes | £ | £ |
TURNOVER |
Administrative expenses | ( | ) | ( | ) |
OPERATING PROFIT and |
PROFIT BEFORE TAXATION |
Tax on profit | 4 | ( | ) | ( | ) |
PROFIT FOR THE FINANCIAL YEAR |
6 LEGGE LANE MANAGEMENT LIMITED (REGISTERED NUMBER: 12411125) |
BALANCE SHEET |
31 DECEMBER 2024 |
31.12.24 | 31.12.23 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 7 | ( | ) | ( | ) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 | ( | ) | ( | ) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Fair value reserve | 10 | 48,600 | 48,600 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
6 LEGGE LANE MANAGEMENT LIMITED (REGISTERED NUMBER: 12411125) |
BALANCE SHEET - continued |
31 DECEMBER 2024 |
The financial statements were approved by the director and authorised for issue on |
6 LEGGE LANE MANAGEMENT LIMITED (REGISTERED NUMBER: 12411125) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
1. | STATUTORY INFORMATION |
6 Legge Lane Management Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover of the company consists of ground rents and management fees receivable. |
Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
31.12.24 | 31.12.23 |
£ | £ |
Directors' remuneration |
6 LEGGE LANE MANAGEMENT LIMITED (REGISTERED NUMBER: 12411125) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
4. | TAXATION |
Analysis of the tax charge |
The tax charge on the profit for the year was as follows: |
31.12.24 | 31.12.23 |
£ | £ |
Current tax: |
UK corporation tax |
Tax on profit |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Revaluations | 60,000 |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
Fair value at 31 December 2024 is represented by: |
£ |
Valuation in 2021 | 60,000 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Taxation and social security |
Other creditors |
6 LEGGE LANE MANAGEMENT LIMITED (REGISTERED NUMBER: 12411125) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
8. | PROVISIONS FOR LIABILITIES |
31.12.24 | 31.12.23 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
Deferred |
tax |
£ |
Balance at 1 January 2024 |
Balance at 31 December 2024 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
10. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
At 1 January 2024 | 5,205 |
Profit for the year |
Revaluation surplus | - | 48,600 | 48,600 |
At 31 December 2024 | 55,724 |
11. | ULTIMATE CONTROLLING PARTY |
The controlling party is Complete Prime Residential Limited,a company registered in England. |
| The ultimate controlling party is IPI Group Holdings Limited, a company incorporated in the Cayman Islands. |