30 Brunswick Terrace Hove Limited Company accounts
30 Brunswick Terrace Hove Limited Company accounts
COMPANY REGISTRATION NUMBER:
4512783
|
|
|
|
FINANCIAL STATEMENTS |
YEAR ENDED 31 AUGUST 2020
Contents |
Page |
Officers and professional advisers |
1 |
Directors' report |
2 |
Statement of financial position |
4 |
Notes to the financial statements |
5 |
|
OFFICERS AND PROFESSIONAL ADVISERS |
The board of directors |
|
|
|
|
|
Company secretary |
|
Registered office |
|
|
|
|
|
|
|
|
DIRECTORS' REPORT |
YEAR ENDED 31 AUGUST 2020
The directors present their report and the unaudited financial statements of the company for the year ended
31 August 2020
.
Principal activities
Directors
The directors who served the company during the year were as follows:
|
|
|
|
|
|
|
(Resigned
|
Small company provisions
This report was approved by the board of directors on
27 April 2021
and signed on behalf of the board by:
|
Director |
Registered office: |
|
|
|
|
|
STATEMENT OF FINANCIAL POSITION |
2020 |
2019 |
|
Note |
£ |
£ |
Fixed assets
Tangible assets |
4 |
|
|
Current assets
Cash at bank and in hand |
|
|
Creditors: amounts falling due within one year |
5 |
|
|
--------- |
--------- |
||
Total assets less current liabilities |
|
|
|
--------- |
--------- |
||
Capital and reserves
Called up share capital |
|
|
Other reserves |
|
|
--------- |
--------- |
|
Shareholders funds |
|
|
--------- |
--------- |
|
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
27 April 2021
, and are signed on behalf of the board by:
|
Director |
Company registration number:
4512783
|
NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 AUGUST 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 30 Brunswick Terrace Hove Limited, Hove, East Sussex, BN3 1HJ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The company has no income or expenditure in its own right, all transactions in the year being related to the maintenance of the common parts in accordance with the lease. Service charges collected are held on trust by the company for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987. Information relating to the service charges is dealt with as a separate statement of account.
Tangible assets
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Tangible assets
Land and buildings |
|
£ |
|
Cost |
|
At 1 September 2019 and 31 August 2020 |
|
--------- |
|
Depreciation |
|
At 1 September 2019 and 31 August 2020 |
– |
--------- |
|
Carrying amount |
|
At 31 August 2020 |
|
--------- |
|
At 31 August 2019 |
|
--------- |
|
Tangible assets held at valuation
Land & buildings represents the freehold reversionary interest in 30 Brunswick Terrace, Hove.
5.
Creditors:
amounts falling due within one year
2020 |
2019 |
|
£ |
£ |
|
Other creditors |
|
|
------- |
------- |
|
Other creditors represent amounts owed to the service charge account arising from the use of the company's bank account for the service charge account transactions.
6.
Related party transactions
The company is not under the control of any one individual. No transactions with related parties were undertaken such as are required to be disclosed under FRS102 Section 1A.