55/59 Grange Road Management Limited Company accounts
55/59 Grange Road Management Limited Company accounts
COMPANY REGISTRATION NUMBER:
06530680
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Financial Statements |
Year ended 31 December 2022
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Contents |
Page |
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Directors' report |
1 |
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Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements |
2 |
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Statement of income and retained earnings |
3 |
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Statement of financial position |
4 |
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Notes to the financial statements |
5 |
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Directors' Report |
Year ended 31 December 2022
The directors present their report and the unaudited financial statements of the company for the year ended
31 December 2022
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Principal activities
Directors
The directors who served the company during the year were as follows:
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(Resigned
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Small company provisions
This report was approved by the board of directors on
12 September 2023
and signed on behalf of the board by:
J.Chainani
Director
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Registered office: |
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Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 31 December 2022
Sampuran House
3a Chislehurst Road
Orpington
Kent
BR6 0DF
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Statement of Income and Retained Earnings |
Year ended 31 December 2022
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2022 |
2021 |
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Note |
£ |
£ |
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Turnover |
4 |
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---- |
---- |
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Gross profit |
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Administrative expenses |
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---- |
---- |
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Operating profit |
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---- |
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Profit before taxation |
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Tax on profit |
5 |
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Profit for the financial year and total comprehensive income |
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Retained earnings at the start of the year |
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------- |
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Retained earnings at the end of the year |
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All the activities of the company are from continuing operations.
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Statement of Financial Position |
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2022 |
2021 |
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Note |
£ |
£ |
Fixed assets
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Tangible assets |
6 |
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Current assets
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Debtors |
7 |
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Creditors: amounts falling due within one year |
8 |
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Net current assets |
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-------- |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves
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Called up share capital |
9 |
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Share premium account |
10 |
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Profit and loss account |
10 |
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-------- |
-------- |
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Shareholders funds |
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-------- |
-------- |
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Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
12 September 2023
, and are signed on behalf of the board by:
J.Chainani
Director
Company registration number:
06530680
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Notes to the Financial Statements |
Year ended 31 December 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Building 3 Chiswick Park, 566 Chiswick High Road, London, W4 5YA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
4.
Turnover
Turnover arises from:
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2022 |
2021 |
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£ |
£ |
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Ground rents receivable |
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The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
5.
Tax on profit
Major components of tax expense
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2022 |
2021 |
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£ |
£ |
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Current tax:
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UK current tax expense |
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---- |
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Tax on profit |
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Reconciliation of tax expense
The tax assessed on the profit on ordinary activities for the year is the same as (2021: the same as) the
standard rate of corporation tax in the UK
of
19
% (2021:
19
%).
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2022 |
2021 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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Profit on ordinary activities by rate of tax |
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6.
Tangible assets
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Land and buildings |
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£ |
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Cost |
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At 1 January 2022 and 31 December 2022 |
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Depreciation |
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At 1 January 2022 and 31 December 2022 |
– |
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Carrying amount |
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At 31 December 2022 |
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At 31 December 2021 |
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7.
Debtors
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2022 |
2021 |
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£ |
£ |
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Other debtors |
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------- |
------- |
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8.
Creditors:
amounts falling due within one year
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2022 |
2021 |
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£ |
£ |
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Corporation tax |
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Other creditors |
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------- |
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9.
Called up share capital
Issued, called up and fully paid
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2022 |
2021 |
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No. |
£ |
No. |
£ |
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10 |
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10 |
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10.
Reserves
Share premium account - This reserve records the amount above the nominal value received for shares sold, less transaction costs. Profit and loss account - This reserve records retained earnings and accumulated losses.
11.
Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.