ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

58 QUEENS GARDENS FREEHOLD LIMITED - Company Information

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Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-12-310false02022-01-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02581244 2022-01-01 2022-12-31 02581244 2021-01-01 2021-12-31 02581244 2022-12-31 02581244 2021-12-31 02581244 c:Director1 2022-01-01 2022-12-31 02581244 c:Director2 2022-01-01 2022-12-31 02581244 c:Director3 2022-01-01 2022-12-31 02581244 c:Director4 2022-01-01 2022-12-31 02581244 c:Director5 2022-01-01 2022-12-31 02581244 c:Director6 2022-01-01 2022-12-31 02581244 c:RegisteredOffice 2022-01-01 2022-12-31 02581244 d:CurrentFinancialInstruments 2022-12-31 02581244 d:CurrentFinancialInstruments 2021-12-31 02581244 c:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 02581244 c:FullAccounts 2022-01-01 2022-12-31 02581244 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 02581244 c:Micro-entities 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 02581244









58 QUEENS GARDENS FREEHOLD LIMITED







UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022
 
58 QUEENS GARDENS FREEHOLD LIMITED
 
 
COMPANY INFORMATION


Directors
S J Frost 
M Lakhani 
E A Manthos 
S G Mulley 
Domaine Biljon Properties Ltd 
Lasco Limited 




Registered number
02581244



Registered office
Gibson Appleby
1-3 Ship Street

Shoreham-By-Sea

BN43 5DH




 
58 QUEENS GARDENS FREEHOLD LIMITED
 

CONTENTS



Page
Directors' report
1 - 2
Accountants' report
3
Income statement
4
Statement of financial position
5

 
58 QUEENS GARDENS FREEHOLD LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022

The directors present their report and the financial statements for the year ended 31 December 2022.

Principal activity

The principal activity of the company is to act as the service manager of the flats known as 58 Queens Gardens, London on a non profit basis.  The whole of the service and management expenses are recoverable from the lessees in accordance with the terms of their respective leases.

Review of activities

As well as collecting ground rent, the company acts as a trustee in respect of service charge monies collected for the above property.  In accordance with accounting recommendations from ARMA (Association of Residential Managing Agents), details of service charge monies have been excluded from the accounts as the company acts only in a trustee capacity in this connection.  Seperate service charge accounts are prepared and certified.

Directors

The directors who served during the year were:

S J Frost 
M Lakhani 
E A Manthos 
S G Mulley 
Domaine Biljon Properties Ltd 
Lasco Limited 

Directors' responsibilities statement

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


∙select suitable accounting policies and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 1
 
58 QUEENS GARDENS FREEHOLD LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022


Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





M Lakhani
Director

Date: 25 September 2023

Page 2
 
58 QUEENS GARDENS FREEHOLD LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF 58 QUEENS GARDENS FREEHOLD LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 58 Queens Gardens Freehold Limited for the year ended 31 December 2022 which comprise the Income statement, the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of 58 Queens Gardens Freehold Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of 58 Queens Gardens Freehold Limited  and state those matters that we have agreed to state to the Board of directors of 58 Queens Gardens Freehold Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 58 Queens Gardens Freehold Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that 58 Queens Gardens Freehold Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of 58 Queens Gardens Freehold Limited. You consider that 58 Queens Gardens Freehold Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of 58 Queens Gardens Freehold Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Gibson Appleby Chartered Accountants
 
1-3 Ship Street
Shoreham-By-Sea
West Sussex
BN43 5DH
26 September 2023
Page 3
 
58 QUEENS GARDENS FREEHOLD LIMITED
 
 
INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2022

2022
2021
£
£

Turnover
  
650
650

Expenditure
  
(650)
(650)

Profit
  
-
-

Page 4
 
58 QUEENS GARDENS FREEHOLD LIMITED
REGISTERED NUMBER: 02581244

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
£
£


Fixed assets
6,393
6,393

Current assets
650
180

Creditors: amounts falling due within one year
(650)
(180)

Net current assets
 
 
-
 
 
-

Total assets less current liabilities
6,393
6,393


Net assets
6,393
6,393



Capital and reserves
6,393
6,393


Notes


General information

58 Queens Gardens Freehold Limited is a private company limited by shares, incorporated in England and Wales.  Its registered office is 1-3 Ship Street, Shoreham-by-Sea, West Sussex BN43 5DH.


Average number of employees

The average monthly number of employees, including directors, during the year was 0 (2021 - 0).


Directors' confirmations

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Lakhani
Director

Date: 25 September 2023

 
Page 5