Balance sheet continued

As at 31 March 2025

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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending 31 March 2025 the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Following guidance in TECH 03/07 relating to the regulations under the Commonhold and Leasehold Reform Act 2002, service charge income is considered to be held in trust on behalf of freeholders. Therefore the related income and expenditure should be excluded as transactions of the Company. The Company had no other income or expenditure in the current or previous year. This has been applied from 2009-10.
  
  Separate accounts are available for the service charge monies.

  Tangible fixed assets depreciation policy

  The company owns the freehold of the private road at Mills Grove and the parking area by 19-41 Joshua Street, London E14, with footpaths connecting these roads and Dewberry Street. This property was transferred to the company at no cost.
  
  This property is included in the balance sheet at cost, i.e. £ nil.