127 Sumatra Road (Management) Limited - Period Ending 2022-09-30

127 Sumatra Road (Management) Limited

(Registration number: 01306787)
Balance Sheet as at 30 September 2022

	Note	2022 £	2021 £
Fixed assets
Tangible assets	4	22,824	23,516
Current assets
Debtors	5	306	436
Cash at bank and in hand		4,876	4,440
		5,182	4,876
Creditors: Amounts falling due within one year	6	(5,177)	(4,871)
Net current assets		5	5
Net assets		22,829	23,521
Capital and reserves
Called up share capital	7	5	5
Property reserve		22,824	23,516
Profit and loss account		-	-
Shareholders' funds		22,829	23,521

For the financial year ending 30 September 2022 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 June 2023 and signed on its behalf by:
 

......................................... J M Bowring Director

127 Sumatra Road (Management) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Second Floor
1 Church Terrace
Richmond
Surrey
TW10 6SE
United Kingdom

These financial statements were authorised for issue by the Board on 3 June 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents service charges receivable from the tenants, all of whom are shareholders, during the year.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	Straight line over fifty years

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

127 Sumatra Road (Management) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 0 (2021 - 0).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 October 2021	34,588	34,588
At 30 September 2022	34,588	34,588
Depreciation
At 1 October 2021	11,072	11,072
Charge for the year	692	692
At 30 September 2022	11,764	11,764
Carrying amount
At 30 September 2022	22,824	22,824
At 30 September 2021	23,516	23,516

Included within the net book value of land and buildings above is £22,824 (2021 - £23,516) in respect of freehold land and buildings.
 

5

Debtors

Current	2022 £	2021 £
Prepayments	306	436
	306	436

127 Sumatra Road (Management) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

6

Creditors

Creditors: amounts falling due within one year

	2022 £	2021 £
Due within one year
Accruals and deferred income	600	600
Other creditors	4,577	4,271
	5,177	4,871

7	Share capital

Allotted, called up and fully paid shares

	2022		2021
	No.	£	No.	£
Ordinary shares of £1 each	5	5	5	5