Indexprime Flat Management Company Ltd - Limited company accounts 22.3

REGISTERED NUMBER: 02508161 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 June 2022

for

Indexprime Flat Management Company

Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

P Stimpson

M Cookson

Miss S Khan

T Anwar-Al Haq

SECRETARY:

P Stimpson

REGISTERED OFFICE:

8 Kingscliffe Gardens

Southfields

London

SW19 6NR

REGISTERED NUMBER:

02508161 (England and Wales)

ACCOUNTANTS:

MSS Accountancy Services Ltd

341 Garratt Lane

Wandsworth

London

SW18 4DX

The directors present their report with the financial statements of the company for the year ended 30 June 2022.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the management and administration on a non profit making basis of the communal areas relating to the development of the property's owners, lessees or tenants.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 July 2021 to the date of this report.

P Stimpson

M Cookson

Miss S Khan

T Anwar-Al Haq

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

P Stimpson - Director

17 March 2023

TURNOVER

2,640

3,640

Administrative expenses

2,623

3,618

OPERATING PROFIT

17

22

Interest payable and similar expenses

17

22

PROFIT BEFORE TAXATION

-

Tax on profit

-

PROFIT FOR THE FINANCIAL YEAR

-

CURRENT ASSETS

Cash at bank

882

1,437

CREDITORS

Amounts falling due within one year

4

300

NET CURRENT ASSETS

582

1,137

TOTAL ASSETS LESS CURRENT
LIABILITIES

582

1,137

CAPITAL AND RESERVES

Called up share capital

4

Other reserves

578

1,133

SHAREHOLDERS' FUNDS

582

1,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2023 and were signed on its behalf by:

P Stimpson - Director

1.	STATUTORY INFORMATION

Indexprime Flat Management Company Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 4 (2021 - 4 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

Other creditors

300