| 311 Freeholders Limited |
| Notes to the Accounts |
| for the year ended 30 September 2024 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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| 2 |
Service charges |
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Service charges collected are held on trust 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 and the company acts as a trustee in this capacity. Information relating to service charges is dealt with as a separate statement of account. The company acts as a principal when transacting with third party suppliers in the management and arrangement of maintenance of the property. The company recognises the service charge expenses arising from the maintenance of the property in its income and expenditure account. |
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| 3 |
Bank |
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All funds (whether reserve or service charge current account) are held in trust in a designated interest bearing client account in the name of 311 Freeholders Limited |
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| 4 |
Employees |
2024 |
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2023 |
| Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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| 5 |
Debtors |
2024 |
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2023 |
| £ |
£ |
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Other debtors |
4 |
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4 |
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| 6 |
Other information |
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311 Freeholders Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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C/O Kavanaghs Accounting Services Limited |
|
8 Cedar Drive |
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Maidstone |
|
Kent |
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ME16 9HD |