ACCOUNTS - Final Accounts

18 CADOGAN PLACE LIMITED - Company Information

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Registered number: 05656276

18 CADOGAN PLACE LIMITED

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2020

18 CADOGAN PLACE LIMITED

COMPANY INFORMATION

Directors	Charles Cadogan
	Mark Charles Hadderton Pittaway (appointed 2 December 2019)
	David William Wilson


Company secretary	Principia Estate & Asset Management Ltd


Registered number	05656276


Registered office	The Studio
	16 Cavaye Place
	London
	SW10 9PT


Accountants	Gibson Appleby
	Chartered Accountants
	1-3 Ship Street
	Shoreham-by-Sea
	West Sussex
	BN43 5DH

18 CADOGAN PLACE LIMITED

CONTENTS

	Page
Directors' report	1
Accountants' report	2
Income statement	3
Statement of financial position	4

18 CADOGAN PLACE LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 30 JUNE 2020

The directors present their report and the financial statements for the year ended 30 June 2020.

Principal activity

The principal activity of the company is to act as the service manager of the flats known as 18 Cadogan Place,
London on a non profit basis. The whole of the service and management expenses are recoverable from the
lessees in accordance with the terms of their respective leases.

Review of activity

The company acts as a trustee in respect of service charge monies collected in connection with the above
property. In accordance with accounting recommendations from ARMA (Association of Residential Managing
Agents), details of service charge monies have been excluded from the accounts as the company acts only in a trustee capacity in this connection. Separate service charge accounts are prepared and certified.

Directors

The directors who served during the year were:

Charles Cadogan

Mark Charles Hadderton Pittaway (appointed 2 December 2019)

David William Wilson

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

................................................

L Laptiste (For and on behalf of Principia Estate & Asset Management Ltd)

Secretary

Date: 28 January 2021

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18 CADOGAN PLACE LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF 18 CADOGAN PLACE LIMITED
FOR THE YEAR ENDED 30 JUNE 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 18 Cadogan Place Limited for the year ended 30 June 2020 which comprise the Income statement and the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the Board of directors of 18 Cadogan Place Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of 18 Cadogan Place Limited and state those matters that we have agreed to state to the Board of directors of 18 Cadogan Place Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 18 Cadogan Place Limited and its Board of directors, as a body, for our work or for this report.

It is your duty to ensure that 18 Cadogan Place Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of 18 Cadogan Place Limited. You consider that 18 Cadogan Place Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of 18 Cadogan Place Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Gibson Appleby

Chartered Accountants

1-3 Ship Street

Shoreham-by-Sea

West Sussex

BN43 5DH

28 January 2021

Page 2

18 CADOGAN PLACE LIMITED

INCOME STATEMENT

FOR THE YEAR ENDED 30 JUNE 2020

		As restated
	2020	2019
	£	£

Turnover	250	250
Other income	-	59,436
Expenditure	(1,171)	(2,599)
Tax	-	(10,847)
(Loss)/profit	(921)	46,240

Page 3

18 CADOGAN PLACE LIMITED

REGISTERED NUMBER: 05656276

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2020

				As restated
		2020		2019
		£		£


Fixed assets		13,632		13,632
Current assets	60,427		59,761
Creditors: amounts falling due within one year	(28,635)		(27,048)
Net current assets		31,792		32,713
Total assets less current liabilities		45,424		46,345

Net assets		45,424		46,345


Capital and reserves	45,424	46,345

Notes

General information

18 Cadogan Place Limited is a company limited by shares, incorporated in England and Wales. Its registered office is The Studio, 16 Cavaye Place, London, SW10 9PT.

Average number of employees

The average monthly number of employees, including directors, during the year was 0 (2019 - 0).

Directors' confirmations

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

David William Wilson

Director

Date: 28 January 2021

Page 4

18 CADOGAN PLACE LIMITED

1.	Other creditors

Other creditors includes amounts due to the shareholders of £13,632. This is the balance of the loan to the company originating from the funding of the purchase of the freehold by the participating flats. The participators became shareholders of 18 Cadogan Place Ltd. This amount has been lent on an interest free and unsecured basis with no fixed terms for repayment. This amount will be repaid to the shareholders if/when the company receives funds, eg from the sale of a long lease of a part of the freehold. The repayment is to be in proportion to the shareholders' investment.

Page 5