349 Liverpool Road Management Company Limited |
Notes to the Accounts |
for the year ended 30 June 2021 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold buildings |
over 50 years |
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Leasehold land and buildings |
over the lease term |
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Plant and machinery |
over 5 years |
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Fixtures, fittings, tools and equipment |
over 5 years |
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2 |
Employees |
2021 |
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2020 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Tangible fixed assets |
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Land and buildings |
£ |
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Cost |
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At 1 July 2020 |
25,000 |
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At 30 June 2021 |
25,000 |
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Depreciation |
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At 30 June 2021 |
- |
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Net book value |
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At 30 June 2021 |
25,000 |
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At 30 June 2020 |
25,000 |
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4 |
Debtors |
2021 |
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2020 |
£ |
£ |
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Other debtors |
10 |
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10 |
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5 |
Controlling party |
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Shares are held two per flat accordingly, in the opinion of the directors, there is no ultimate controlling party. |
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6 |
Other information |
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349 Liverpool Road Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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1 Old Court Mews |
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311 Chase Road |
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London |
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N14 6JS |
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7 |
Leaseholder income and exenditure account |
2021 |
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2020 |
£ |
£ |
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Income: |
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Service charge |
5,100 |
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5,100 |
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Expenditure: |
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Insurance |
1,910 |
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1,832 |
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Light and Heath |
294 |
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305 |
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Repairs and Maintenance |
745 |
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237 |
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Gardening |
- |
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170 |
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Accountancy |
1,074 |
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1,110 |
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Cleaning |
531 |
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381 |
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Bank charges |
82 |
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19 |
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Legal and professional |
- |
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- |
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4,636 |
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4,054 |
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Surplus/(deficit) for the year |
464 |
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1,046 |
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8 |
Leaseholder balance sheet |
2021 |
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2020 |
£ |
£ |
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Assets: |
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Cash at bank |
7,277 |
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7,239 |
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Debtors |
2,815 |
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1,315 |
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Less Liabilities: |
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Creditors and Accruals |
(2,086) |
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(1,012) |
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Net assets |
8,006 |
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7,542 |
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Reserves |
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Brought forward |
7,542 |
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6,496 |
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Surplus/(deficit) for the year |
464 |
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1,046 |
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8,006 |
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7,542 |
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