23 ST. Georges Square Freehold Limited Accounts
23 ST. Georges Square Freehold Limited Accounts
23 ST. Georges Square Freehold Limited Filleted Accounts Cover |
Company No. 04938183 | |||||||||
23 ST. Georges Square Freehold Limited Directors Report Registrar |
The Directors present their report and the accounts for the year ended 31 October 2020. | |||||||||
Principal activities | |||||||||
Directors | |||||||||
The Directors who served at any time during the year were as follows: | |||||||||
S.L. Macdonald Eggers | |||||||||
J. Walter | |||||||||
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006. | |||||||||
Signed on behalf of the board | |||||||||
J. Walter | |||||||||
Director | |||||||||
09 March 2021 | |||||||||
23 ST. Georges Square Freehold Limited Balance Sheet Registrar |
at | ||||||||||
Company No. | 04938183 | Notes | 2020 | 2019 | ||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Tangible assets | 4 | |||||||||
Total assets less current liabilities | ||||||||||
Net assets | ||||||||||
Reserves | ||||||||||
Income and expenditure account | ||||||||||
Total equity | ||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's income and expenditure account. | ||||||||||
Approved by the board on 09 March 2021 | ||||||||||
And signed on its behalf by: | ||||||||||
J. Walter | ||||||||||
Director | ||||||||||
09 March 2021 | ||||||||||
23 ST. Georges Square Freehold Limited Notes to the Accounts Registrar |
for the year ended 31 October 2020 | |||||||||||||||
1 | General information | ||||||||||||||
Its registered number is: 04938183 | |||||||||||||||
Its registered office is: | Its trading address is: | ||||||||||||||
C/O Fry & Company | |||||||||||||||
52 Moreton Street | |||||||||||||||
London | |||||||||||||||
SW1V 2PB | |||||||||||||||
2 | Accounting policies | ||||||||||||||
Turnover | |||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | |||||||||||||||
Taxation | |||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in the income and expenditure account, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. | |||||||||||||||
Trade and other debtors | |||||||||||||||
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts. | |||||||||||||||
Trade and other creditors | |||||||||||||||
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. | |||||||||||||||
Provisions | |||||||||||||||
Provisions are charged as an expense to the income and expenditure account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | |||||||||||||||
3 | Employees | ||||||||||||||
2020 | 2019 | ||||||||||||||
Number | Number | ||||||||||||||
The average monthly number of employees (including directors) during the year was: | 1 | 1 | |||||||||||||
4 | Tangible fixed assets | ||||||||||||||
Land and buildings | Total | ||||||||||||||
£ | £ | ||||||||||||||
Cost or revaluation | |||||||||||||||
At 1 November 2019 | |||||||||||||||
At 31 October 2020 | |||||||||||||||
Depreciation | |||||||||||||||
Net book values | |||||||||||||||
At 31 October 2020 | |||||||||||||||
At 31 October 2019 | |||||||||||||||
5 | Reserves | ||||||||||||||