2 Frognal Lane Management Company Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 02853007 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

2 FROGNAL LANE MANAGEMENT COMPANY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

C Henderson-Clayton

B Henderson-Clayton

T J van Mullem

Registered office:

2 Frognal Lane

London

NW3 7DU

Registered number:

02853007 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Current assets

Debtors

4

6,315

8,462

Cash at bank

1,552

1,541

7,867

10,003

Creditors

Amounts falling due within one year

5

7,867

10,003

Total assets less current liabilities

-

Reserves

-

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

B Henderson-Clayton - Director

C Henderson-Clayton - Director

1.	Statutory information

2 Frognal Lane Management Company Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with applicable accounting standards

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

4.

Debtors: amounts falling due within one year

2024

2023

£

Other debtors

1,545

8,284

Directors' current accounts

4,592

-

Prepayments

178

6,315

8,462

5.

Creditors: amounts falling due within one year

2024

2023

£

Directors' current accounts

7,016

9,151

Accrued expenses

851

852

7,867

10,003

6.	Directors' advances, credits and guarantees

The company is under the control of the directors who also own part of the property that the company manages.

At 30 September 2024, the company owed £7,016 (2023: £9,151) to the directors. These amounts are interest-free and repayable on demand.

An amount of £4,592 (2023: £nil) was owed to the company by a director.