Bradford Street Flats (Braintree) Ltd Filleted accounts for Companies House (small and micro)

BRADFORD STREET FLATS (BRAINTREE) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 02710339

Bradford Street Flats (Braintree) Ltd

Filleted Unaudited Financial Statements

30 April 2021

Bradford Street Flats (Braintree) Ltd

Statement of Financial Position

30 April 2021

	2021		2020
Note	£	£	£	£

Current assets

Debtors	5	450	–
Cash at bank and in hand		2,116	16,760
		-------	--------
		2,566	16,760

Creditors: amounts falling due within one year	6	642		490
		-------		--------
Net current assets			1,924		16,270
			-------		--------
Total assets less current liabilities			1,924		16,270
			-------		--------
Net assets			1,924		16,270
			-------		--------

Capital and reserves

Called up share capital	7	5	5
Profit and loss account		1,919	16,265
		-------	--------
Shareholders funds		1,924	16,270
		-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 11 April 2022 , and are signed on behalf of the board by:

Miss R Richmond

Director

Company registration number: 02710339

Bradford Street Flats (Braintree) Ltd

Notes to the Financial Statements

Year ended 30 April 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 24 Bradford Street, Braintree, Essex, CM7 9AT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents contributions from residents.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Average number of employees

The average number of persons employed by the company during the year amounted to 5 (2020: 3), consisting of the directors only.

5. Debtors

	2021	2020
	£	£
Trade debtors	450	–
	----	----

6. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	144	–
Accruals and deferred income	498	490
	----	----
	642	490
	----	----

7. Called up share capital

Authorised share capital

	2021		2020
	No.	£	No.	£
Ordinary shares of £ 1 each	5	5	5	5
	----	----	----	----

Issued, called up and fully paid

	2021		2020
	No.	£	No.	£
Ordinary shares of £ 1 each	5	5	5	5
	----	----	----	----

8. Related party transactions

The company is controlled by the directors, who are the owners of the flats. The directors are all owners of the flats managed by the company. Each director pays £75 per month, changed from August 2020 to £100 per month maintenance fees to the company for the upkeep of the building.