| ROUNDACRE MANAGEMENT CO (BLOCK) LTD |
| Registered number: |
12114076 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,620 |
|
|
1,620 |
|
| Current assets |
| Debtors |
4 |
|
2,609 |
|
|
2,028 |
| Cash at bank and in hand |
|
|
366 |
|
|
5,113 |
|
|
|
2,975 |
|
|
7,141 |
|
| Creditors: amounts falling due within one year |
5 |
|
(1,467) |
|
|
(1,142) |
|
| Net current assets |
|
|
|
1,508 |
|
|
5,999 |
|
| Net assets |
|
|
|
3,128 |
|
|
7,619 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
6 |
|
|
6 |
| Freehold purchase reserve |
|
|
|
1,620 |
|
|
1,620 |
| Block Major Repairs Fund |
|
|
|
1,502 |
|
|
5,993 |
|
| Shareholders' funds |
|
|
|
3,128 |
|
|
7,619 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| Patrick Elwood |
| Director |
| Approved by the board on 9 September 2025 |
|
| ROUNDACRE MANAGEMENT CO (BLOCK) LTD |
| Notes to the Accounts |
| for the year ended 31 December 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). |
|
|
Income |
|
The income shown in the income and expenditure account comprises service charges receivable by the Company. |
|
|
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: |
|
|
Freehold property |
Not depreciated |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
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 |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 January 2024 |
1,620 |
|
At 31 December 2024 |
1,620 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 December 2024 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
1,620 |
|
At 31 December 2023 |
1,620 |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Prepayments and accrued income |
|
|
|
|
1,004 |
|
2,028 |
|
Amounts owed from tenants |
|
|
|
|
1,605 |
|
- |
|
|
|
|
|
|
2,609 |
|
2,028 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Accruals and deferred income |
1,467 |
|
1,142 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Reserves |
|
|
Freehold Purchase Reserve |
|
|
The Freehold Purchase Reserve represents amounts received from members in respect of the purchase of the freehold of the block of flats at Roundacre. |
|
|
Block Major Repairs Fund |
|
|
The Block Major Repairs Fund represents retained funds set aside for future major repair works to the flats at Roundacre. |
|
| 7 |
Other information |
|
|
ROUNDACRE MANAGEMENT CO (BLOCK) LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
15 Roundacre |
|
Inner Park Road |
|
London |
|
SW19 6DB |