Grove Islington No.1 Residents Co Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 02271668 (England and Wales)

Financial Statements for the Year Ended 31 March 2023

for

The Grove (Islington) No. 1 Residents

Company Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

A Behm

T Chen

P J Twomey

J W Brown

SECRETARY:

Alexander Faulkner Partnership Limited

REGISTERED OFFICE:

11 Little Park Farm Road

Fareham

Hampshire

PO15 5SN

REGISTERED NUMBER:

02271668 (England and Wales)

AUDITORS:

Thickbroom Coventry

Chartered Accountants

and Statutory Auditors

147a High Street

Waltham Cross

Hertfordshire

EN8 7AP

CURRENT ASSETS

Debtors

4

8,971

9,101

Cash at bank

64,527

53,591

73,498

62,692

CREDITORS

Amounts falling due within one year

5

6,805

16,460

NET CURRENT ASSETS

66,693

46,232

TOTAL ASSETS LESS CURRENT LIABILITIES

66,693

46,232

PROVISIONS FOR LIABILITIES

65,133

44,672

NET ASSETS

1,560

1,560

CAPITAL AND RESERVES

Called up share capital

6

260

260

Share premium

1,300

1,300

SHAREHOLDERS' FUNDS

1,560

1,560

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2023 and were signed on its behalf by:

P J Twomey - Director

1.	STATUTORY INFORMATION

The Grove (Islington) No. 1 Residents 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

292

6,580

Other debtors

8,679

2,521

8,971

9,101

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other creditors

6,805

16,460

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

52

Ordinary

£5

260

260

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Iain McMurray ACA (Senior Statutory Auditor)

for and on behalf of Thickbroom Coventry