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Company Registration No. 10301698 (England and Wales)
10 Porchester Terrace Freehold Limited Unaudited accounts for the year ended 31 December 2024
10 Porchester Terrace Freehold Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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10 Porchester Terrace Freehold Limited Company Information for the year ended 31 December 2024
Directors
Mr Stavros C Kazolides Mr. Craig McDermott
Company Number
10301698 (England and Wales)
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10 Porchester Terrace Freehold Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
4
49,902 
59,845 
Cash at bank and in hand
359,398 
12,252 
409,300 
72,097 
Creditors: amounts falling due within one year
5
(2,772)
(24,585)
Net current assets
406,528 
47,512 
Net assets
406,528 
47,512 
Capital and reserves
Capital redemption reserve
140,806 
140,806 
Profit and loss account
265,722 
(93,294)
Shareholders' funds
406,528 
47,512 
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by
Mr Stavros C Kazolides Director Company Registration No. 10301698
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10 Porchester Terrace Freehold Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
10 Porchester Terrace Freehold Limited is a private company, limited by shares, registered in England and Wales, registration number 10301698.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Repairs and Maintenance
2024 2023 Electrical 18,241 1,260 Drains, Plumbing 1,080 1,440 Roller Shutter 6,630 573 Lift Repairs 9,429 14,619 Pest Control 960 1,553 Fire Assessment 10,873 1,110 Other 778 8,929 Surveyor Fees (Leaks ) 4,392 ________ _________ 52,383 29,484 _________ _________
Service Fees Received
Service Charge monies are held in Trust in accordance with Section 42, Landlord and Tenant Act 1989. Interest earned on Service charges held on deposit is taxable at the basic rate of Income Tax . A reserve fund has been established towards the costs of major repairs, redecoration and other unexpected costs. any shortfall of these funds resulting from expenditure incurred will either be collected by way of levy or be charged to the Service charge income and expenditure in that year .
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10 Porchester Terrace Freehold Limited Notes to the Accounts for the year ended 31 December 2024
Other Operating Income
This is the balance on the Refurbishments of the Building and the Window Repairs Income Window Repair Provision £142,650 Phase 1 - External Repairs £371,383 --------------- £514,033 Expenditure Architects £ 10,980 Main Contractor £162,016 Consulting Service £ 13,000 --------------- £185,996 Balance at yearend £328 037
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,220 
5,698 
Accrued income and prepayments
14,224 
13,224 
Other debtors
19,458 
40,923 
49,902 
59,845 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
696 
- 
Taxes and social security
267 
273 
Other creditors
121 
21,464 
Accruals
1,688 
2,848 
2,772 
24,585 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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