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Registration number: 01772450

94/96 Rotherfield Street Property Management Company Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

94/96 Rotherfield Street Property Management Company Ltd

Contents

Company Information

1

Directors' Report

2

Service Charge - Income and Expenditure

3

Service Charge - Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 7

 

94/96 Rotherfield Street Property Management Company Ltd

Company Information

Directors

Mr Peter Maurice Nominaniak

Mrs Ellen Stang-Lord

Company secretary

Cobat Secretarial Services Limited

Registered office

94/96 Rotherfield Street
Islington
London
N1 3BY

Accountants

Brian Nuttgens Accountants Ltd
Chartered Certified Accountants
1007 London Road
Leigh-On-Sea
Essex
SS9 3JY

 

94/96 Rotherfield Street Property Management Company Ltd

Directors' Report for the Year Ended 30 November 2024

The directors present their report and the financial statements for the year ended 30 November 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Peter Maurice Nominaniak

Mrs Ellen Stang-Lord

Principal activity

The principal activity of the company is Property management

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 28 August 2025 and signed on its behalf by:
 

.........................................
Mrs Ellen Stang-Lord
Director

 

94/96 Rotherfield Street Property Management Company Ltd

Service Charge - Income and Expenditure for the Year Ended 30 November 2024

Note

2024
£

2023
£

Turnover

 

4,000

28,740

Gross profit

 

4,000

28,740

Administrative expenses

 

(2,786)

(17,537)

Operating profit

 

1,214

11,203

Profit before tax

1,214

11,203

Profit for the financial year

 

1,214

11,203

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

94/96 Rotherfield Street Property Management Company Ltd

(Registration number: 01772450)
Service Charge Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

1,754

680

Creditors: Amounts falling due within one year

5

(528)

(668)

Net assets

 

1,226

12

Capital and reserves

 

Called up share capital

6

1,500

1,500

Retained earnings

(274)

(1,488)

Shareholders' funds

 

1,226

12

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 28 August 2025 and signed on its behalf by:
 

.........................................
Mrs Ellen Stang-Lord
Director

 

94/96 Rotherfield Street Property Management Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
94/96 Rotherfield Street
Islington
London
N1 3BY

These financial statements were authorised for issue by the Board on 28 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

94/96 Rotherfield Street Property Management Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

20% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

94/96 Rotherfield Street Property Management Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Cost or valuation

Depreciation

Carrying amount

At 30 November 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

528

668

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1,500

1,500

1,500

1,500