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76 KENTON ROAD MANAGEMENT CO. LIMITED
(A Company Limited by Guarantee)
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
76 Kenton Road Management Co. Limited is a private company limited by guarantee and consequently does not have any share capital. The registered office is 26 Bellfield Avenue, Harrow, Middlesex, England, HA3 6SX.
The principal activity of the company continued to be that of maintaining the common parts of Embassy Court, 76 Kenton Road.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The financial statement have been prepared on the assumption that the company will continue to trade for the foreseeable future. The ability of the company to meet its liabilities as they fall due and to carry its business is dependent on contined support of the directors. The directors are of the opinion that such financial support will contine for the foreseeable future and that it is appropriate to prepare the company's financial statement on a going basis.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
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