Garage at No 50 Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15666182

GARAGE AT NO 50 LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 April 2025

GARAGE AT NO 50 LTD

STATEMENT OF FINANCIAL POSITION

30 April 2025

	2025
Note	£	£

Fixed assets

Tangible assets	4		298,153

Current assets

Cash at bank and in hand	200

Creditors: amounts falling due within one year	5	292,309
		----------
Net current liabilities			292,109
			----------
Total assets less current liabilities			6,044
			-------
Net assets			6,044
			-------

Capital and reserves

Called up share capital		200
Profit and loss account		5,844
		-------
Shareholders funds		6,044
		-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

GARAGE AT NO 50 LTD

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 1 December 2025 , and are signed on behalf of the board by:

Mr I Murray

Director

Company registration number: 15666182

GARAGE AT NO 50 LTD

NOTES TO THE FINANCIAL STATEMENTS

PERIOD ENDED 30 APRIL 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, BN3 2DL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Freehold property	-	2% straight line

4. Tangible assets

	Freehold property
	£
Cost
At 1 May 2024	–
Additions	299,153
	----------
At 30 April 2025	299,153
	----------
Depreciation
At 1 May 2024	–
Charge for the period	1,000
	----------
At 30 April 2025	1,000
	----------
Carrying amount
At 30 April 2025	298,153
	----------

5. Creditors: amounts falling due within one year

	2025
	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	289,983
Corporation tax	1,606
Other creditors	720
	----------
	292,309
	----------