Registered number
03360780
14-16 New Cavendish Street (Management) Limited
Unaudited Filleted Accounts
28 September 2024
14-16 New Cavendish Street (Management) Limited
Registered number: 03360780
Balance Sheet
as at 28 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,412 4,532
Current assets
Debtors 4 6,943 6,943
Net current assets 6,943 6,943
Total assets less current liabilities 11,355 11,475
Creditors: amounts falling due after more than one year 5 (14,541) (14,541)
Net liabilities (3,186) (3,066)
Capital and reserves
Called up share capital 4 4
Profit and loss account (3,190) (3,070)
Shareholders' funds (3,186) (3,066)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Solomon
Director
Approved by the board on 24 June 2025
14-16 New Cavendish Street (Management) Limited
Notes to the Accounts
for the year ended 28 September 2024
1 Accounting policies
Basis of preparation
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).
The company's principal activity during the year continued to be that of providing management services in respect of the property situated at 14-16 New Cavendish Street, London.
Turnover
The company did not generate any turnover during the year, nor did it actively trade. However, depreciation of headlease has been charged in the profit and loss account in accordance with applicable accounting standards.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 29 September 2023 7,602
At 28 September 2024 7,602
Depreciation
At 29 September 2023 3,070
Charge for the year 120
At 28 September 2024 3,190
Net book value
At 28 September 2024 4,412
At 28 September 2023 4,532
The company bought the headlease of the property known as 14/16 New Cavendish Street in 1998. The lease expires in 2061.
4 Debtors 2024 2023
£ £
Deposit held 5,000 5,000
Other debtors 1,943 1,943
6,943 6,943
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 14,541 14,541
£14,541 represents the amounts lent to the company by the original directors to purchase the head lease of 14/16 New Cavendish Street and the related rent deposit, and to pay the first insurance bill in 1998. The amounts have been lent on an unsecured and interest free basis with no fixed terms of repayment.
6 Other reserve 2024 2023
£ £
At 29 September 2023 - 45,514
Transferred to/from service charge accounts - (45,514)
At 28 September 2024 - -
The management has decided to prepare separate accounts for the company and the service charges starting from the previous year. As a result, all major work reserves that were previously included in the company accounts have been removed and are now reflected in the service charge accounts.
7 Other information
14-16 New Cavendish Street (Management) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Lps Livingstone
Wenzel House, Olds Approach
Watford
England
WD18 9AB
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