57 Warwick Avenue Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05254395 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

57 WARWICK AVENUE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms L Magiday

Ms A Lee

Mr S Sohrabkhani

SECRETARY:

SD Company Secretaries Limited

REGISTERED OFFICE:

4 Prince Albert Road

London

NW1 7SN

REGISTERED NUMBER:

05254395 (England and Wales)

ACCOUNTANTS:

Scodie Deyong LLP

Chartered Accountants

4 Prince Albert Road

London

NW1 7SN

FIXED ASSETS

Investment property

4

6,121

6,121

CURRENT ASSETS

Debtors

5

1,025

1,036

Cash at bank and in hand

22,331

4,134

23,356

5,170

CREDITORS

Amounts falling due within one year

6

23,119

4,933

NET CURRENT ASSETS

237

237

TOTAL ASSETS LESS CURRENT LIABILITIES

6,358

6,358

CREDITORS

Amounts falling due after more than one year

7

6,121

6,121

NET ASSETS

237

237

CAPITAL AND RESERVES

Called up share capital

5

5

Retained earnings

232

232

SHAREHOLDERS' FUNDS

237

237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2020 and were signed on its behalf by:

Ms A Lee - Director

Ms L Magiday - Director

1.	STATUTORY INFORMATION

57 Warwick Avenue Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents service charges receivable.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2018

and 31 October 2019

6,121

NET BOOK VALUE

At 31 October 2019

6,121

At 31 October 2018

6,121

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Prepayments and accrued income

1,025

1,036

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Other creditors

3,513

4,140

Accruals and deferred income

19,606

793

23,119

4,933

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.19

31.10.18

£

£

Other creditors

6,121

6,121

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2019 and

31 October 2018:

31.10.19

31.10.18

£

£

Ms L Magiday

Balance outstanding at start of year

(771

)

(513

)

Amounts advanced

8,326

942

Amounts repaid

(7,200

)

(1,200

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

355

(771

)

The director confirmed that balance outstanding at the end of the year will be repaid within 9 months of the year

end date.

9.	RELATED PARTY DISCLOSURES

Ms A Lee

who is a director of the company.

During the year the company paid Ms A Lee management fees in the sum of £1,250 (2018: £1,250).