5 THACKERAY STREET FREEHOLD LIMITED - Filleted accounts

5 THACKERAY STREET FREEHOLD LIMITED - Filleted accounts

5 THACKERAY STREET FREEHOLD LIMITED - Company Information

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Registered number
08351620
5 THACKERAY STREET FREEHOLD LIMITED
Filleted Accounts
31 January 2023
5 THACKERAY STREET FREEHOLD LIMITED
Registered number: 08351620
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,630 12,038
Current assets
Cash at bank and in hand 11,958 4,790
Net current assets 11,958 4,790
Net assets 21,588 16,828
Capital and reserves
Called up share capital 1 1
General Reserve 4 13,207 13,207
Profit and loss account 8,380 3,620
Sinking fund 21,588 16,828
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Marc Von Grundherr
Director
Approved by the board on 10 February 2023
5 THACKERAY STREET FREEHOLD LIMITED
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
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).
Turnover
Sevice charge money are held on trust in accordance with section 42, Landlord and Tenanct act 1987
Bank
Service charge monies are held in Trust at Metro Bank, under the following title:

Current Account: 5 Thackeray Street Freehold Limited
Account Number: XXXX8946
Sort Code: XX0580

Savings Account: 5 Thackeray Street Freehold Limited
Account Number: XXXX8954
Sort Code: XX0580
Tangible fixed assets
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:
Plant and machinery 20% at reducing balance method.
Debtors
Short term debtors, if any are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets, if any are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors, if any are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities, if any are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability, if any is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset, if any is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax, if any is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses, if any and other deferred tax assets, if any 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. Deferred tax, if any is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount), if any are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans, if any are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 14,904
At 31 January 2023 14,904
Depreciation
At 1 February 2022 2,866
Charge for the year 2,408
At 31 January 2023 5,274
Net book value
At 31 January 2023 9,630
At 31 January 2022 12,038
4 Revaluation reserve 2023 2022
£ £
At 1 February 2022 13,207 13,207
At 31 January 2023 13,207 13,207
5 Related party transactions
The director has charged £625 to company as oversight Fees for works for repairs, which is shown under management fees.
6 Controlling party
Mr Marc Von Grundherr is the ultimate controlling party of the company by virtue of his shareholding in the company.
7 Other information
5 THACKERAY STREET FREEHOLD LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
7 Church Hill
London
SW19 7BN
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