| No 16 Sackville Gardens Hove Limited |
| Registered number: |
01018534 |
| Statement of Financial Position |
| as at 31 August 2025 |
| Restated |
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
4 |
|
|
4 |
|
|
| Net current assets |
|
|
|
4 |
|
|
4 |
|
| Net assets |
|
|
|
4 |
|
|
4 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
4 |
|
|
4 |
|
| Shareholders' funds |
|
|
|
4 |
|
|
4 |
|
|
|
|
|
|
|
|
| The director is 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 director acknowledges his 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 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. |
|
|
|
|
| T Partington |
| Director |
| Approved by the board on 18 August 2026 |
|
| No 16 Sackville Gardens Hove Limited |
| Notes to the Accounts |
| for the year ended 31 August 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
|
|
|
Correction of prior period error |
|
In preparing these financial statements, the directors identified that service charge balances collected and held by the company on trust for leaseholders under the terms of the leases (and under section 42 of the Landlord and Tenant Act 1987) had been incorrectly included within the company's own financial statements for the year ended 31 August 2024 and, so far as the directors are aware, in earlier periods. As the company holds these monies as agent/trustee for the leaseholders and has no beneficial interest in them, they should not have been recognised as assets and liabilities of the company. |
|
|
The comparative figures for the year ended 31 August 2024 have accordingly been restated to remove the service charge related debtors, creditors and cash previously included, with a corresponding adjustment to retained earnings . The effect of the restatement is set out below: |
|
|
As Previously stated |
|
Adjustment |
|
As restated |
|
|
£ |
|
£ |
|
£ |
|
Cash at bank |
1,467 |
|
(1,467) |
|
- |
|
Service charge debtors |
- |
|
4 |
|
4 |
|
Service charge creditors |
(930) |
|
930 |
|
- |
|
Net Assets |
537 |
|
(533) |
|
4 |
|
Share capital |
(4) |
|
- |
|
(4) |
|
Profit and loss account brought forward |
(533) |
|
533 |
|
- |
|
|
Debtors |
|
Short term debtors are measured at transaction 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. 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 and directors |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of directors and persons employed by the company |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
4 |
|
4 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Other information |
|
|
No 16 Sackville Gardens Hove Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
16 Sackville Gardens |
|
Hove |
|
BN3 4GH |