144 Fleet Road Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10203356 (England and Wales)

144 FLEET ROAD LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

C. Dutton

L. Fagan

H.C. Kilinc

A.C. Margolis

A.J. Petty

REGISTERED OFFICE:

137, Station Road,

Chingford,

London

E4 6AG

REGISTERED NUMBER:

10203356 (England and Wales)

ACCOUNTANTS:

Cobbin Floyd Ltd

t/a Findlay Wetherfield Scott & Co.,

Chartered Accountants

137, Station Road,

Chingford,

London

E4 6AG

MANAGING AGENTS:

Dedman Property Management,

1 London Hill,

Rayleigh,

Essex.

SS6 7HW

FIXED ASSETS

Tangible assets

4

36,510

CURRENT ASSETS

Debtors

5

200

650

Cash at bank

13,292

9,923

13,492

10,573

CREDITORS

Amounts falling due within one year

6

13,392

10,473

NET CURRENT ASSETS

100

TOTAL ASSETS LESS CURRENT
LIABILITIES

36,610

CREDITORS

Amounts falling due after more than one
year

7

36,510

NET ASSETS

100

CAPITAL AND RESERVES

Called up share capital

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th December 2021 and were signed on its behalf by:

A.J. Petty - Director

1.	STATUTORY INFORMATION

144 Fleet Road Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

It is the company's practice to maintain its freehold property in a continual state of sound repair and to make improvements thereto from time to time. Accordingly the directors' assessment of the life of this asset and its residual value is such that any depreciation relating thereto would be immaterial. Consequently no charge for depreciation is made.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

Cost

At 1st April 2020

and 31st March 2021

36,510

Net book value

At 31st March 2021

36,510

At 31st March 2020

36,510

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

Owed by lessees for service charges levied

200

650

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

Excess received from lessees for service
charges levied

1,550

475

Held in Trust for Lessees

11,590

9,758

Accrued expenses

252

240

13,392

10,473

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2021

2020

£

Loans from members

36,510

8.	RELATED PARTY DISCLOSURES

There is no overall controlling party. Each shareholder owns 20% of the issued ordinary shares in the company.

During a previous period all 5 original lessees / members contributed towards the cost of purchase of the freehold, and the costs relating to the incorporation of the company. The amounts contributed, and shown below, are treated as loans to the company and would only be repayable upon the eventual sale of the freehold, or a similar event. On the transfer of any lease the loan is also transferred to the new lessee / member. The sums due to each member are as follows:

2021

2020

£

C. Dutton

8,487

A.J. Petty

7,269

A.C. Margolis

6,499

L. Fagan

7,676

H.C. Kilinc

6,579

9.	TRUST ACCOUNT

Any surplus or deficit for the year is shown as a service charge balance on the service charge account. If there is an overall surplus the company holds these funds on Trust for the lessees.

The movement in the Trust account for the year is as follows, and the balance as at the balance sheet date effectively represents the net surplus or retained provisions to date:

2021

2020

£

Balance as at 1st April 2020

9,758

7,710

Surplus for the year

- Service charge balance

1,832

2,048

Balance as at 31st March 2021

11,590

9,758

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 144 Fleet Road Ltd for the year ended 31st March 2021 which comprise the Income Statement, Balance Sheet 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of 144 Fleet Road Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 144 Fleet Road Ltd and state those matters that we have agreed to state to the Board of Directors of 144 Fleet Road Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 144 Fleet Road Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that 144 Fleet Road Ltd 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 profit of 144 Fleet Road Ltd. You consider that 144 Fleet Road Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of 144 Fleet Road Ltd. 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.

Cobbin Floyd Ltd

t/a Findlay Wetherfield Scott & Co.,

Chartered Accountants

137, Station Road,

Chingford,

London

E4 6AG

15th December 2021

144 Fleet Road Ltd - Accounts to registrar (filleted) - small 18.2

144 Fleet Road Ltd - Accounts to registrar (filleted) - small 18.2