London Yard Management Company Limited - Accounts to registrar (filleted) - small 23.2.5
London Yard Management Company Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| London Yard Management Company Limited |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2023 |
| London Yard Management Company Limited (Registered number: 01768481) |
| Contents of the Financial Statements |
| for the Year Ended 31st March 2023 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| London Yard Management Company Limited |
| Company Information |
| for the Year Ended 31st March 2023 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Accountants |
| 4th Floor |
| 100 Fenchurch Street |
| London |
| EC3M 5JD |
| London Yard Management Company Limited (Registered number: 01768481) |
| Statement of Financial Position |
| 31st March 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Investment property | 4 |
| Current assets |
| Debtors | 5 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Fair value reserve |
| Retained earnings |
| 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. |
| London Yard Management Company Limited (Registered number: 01768481) |
| Statement of Financial Position - continued |
| 31st March 2023 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| London Yard Management Company Limited (Registered number: 01768481) |
| Notes to the Financial Statements |
| for the Year Ended 31st March 2023 |
| 1. | Statutory information |
| London Yard Management Company Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the total value of ground rents receivable during the year and comprises £40 per annum receivable in respect of each leasehold flat and garage unit on the London Yard Estate. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2022 - NIL). |
| 4. | Investment property |
| Total |
| £ |
| Fair value |
| At 1st April 2022 |
| and 31st March 2023 |
| Net book value |
| At 31st March 2023 |
| At 31st March 2022 |
| London Yard Management Company Limited (Registered number: 01768481) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2023 |
| 4. | Investment property - continued |
| The investment property was valued by the directors at fair value as at 31st March 2023. |
| Fair value at 31st March 2023 is represented by: |
| £ |
| Valuation in 2007 | 269,992 |
| Cost | 8 |
| 270,000 |
| 5. | Debtors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | Creditors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 7. | Creditors: amounts falling due after more than one year |
| 2023 | 2022 |
| £ | £ |
| Other creditors |
| The government grant of £55,000 was received as a contribution towards the costs of maintenance of a road within the estate no longer funded by the Local Authority at public expense. The grant is held as a ring-fenced fund in a separate bank account. The bank balance, which represents the original grant and accumulated interest to date, currently stands at £78,371 (2022 - £78,363). |