14 Salisbury Road (Residents) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04076923 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2018

FOR

14 SALISBURY ROAD (RESIDENTS) LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

5

6,043

6,043

CURRENT ASSETS

Debtors

6

4

4

CREDITORS

Amounts falling due within one year

7

6,043

6,043

NET CURRENT LIABILITIES

(6,039

)

(6,039

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4

4

CAPITAL AND RESERVES

Called up share capital

8

4

4

SHAREHOLDERS' FUNDS

4

4

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 profit or loss 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28 May 2019 and were signed on its behalf by:

Ms K Mitchell - Director

1.	STATUTORY INFORMATION

14 Salisbury Road (Residents) Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address are as

below:

Registered number:

04076923

Registered office:

14 Salisbury Road

Hove

East Sussex

BN3 3AD

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents ground rents receivable.

Tangible fixed assets

The freehold property, which is subject to four leasehold interests, is carried at cost including

the legal costs of acquisition.

The freehold reversionary interest in land owned by the company is regarded as the

equivalent of freehold land. Accordingly, there is no deterioration in the asset and no

depreciation needs to be charged in these accounts in accordance with the Companies Act.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the

contractual arrangements entered into. An equity instrument is any contract that evidences a

residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are

equivalent to a similar debt instrument, those financial instruments are classed as financial

liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and

gains or losses relating to financial liabilities are included in the profit and loss account.

Finance costs are calculated so as to produce a constant rate of return on the outstanding

liability.

Where the contractual terms of share capital do not have any terms meeting the definition of

a financial liability then this is classed as an equity instrument. Dividends and distributions

relating to equity instruments are debited direct to equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

5.	TANGIBLE FIXED ASSETS

Reversio

interest

in

freehold

property

£

COST

At 1 October 2017

and 30 September 2018

6,043

NET BOOK VALUE

At 30 September 2018

6,043

At 30 September 2017

6,043

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

4

4

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other creditors

6,043

6,043

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

4

Ordinary

£1

4

4

9.	RELATED PARTY DISCLOSURES

The directors have a leasehold interest in 14 Salisbury Road and as such pay ground rents

to the company. During the year £400 (2017: £400) was receivable from the directors.