30 Brunswick Terrace Hove Limited Company accounts

30 BRUNSWICK TERRACE HOVE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 4512783

30 BRUNSWICK TERRACE HOVE LIMITED

UNAUDITED FINANCIAL STATEMENTS

31 August 2023

30 BRUNSWICK TERRACE HOVE LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023

Contents	Page

Officers and professional advisers	1

Directors' report	2

Statement of financial position	3

Notes to the financial statements	4

30 BRUNSWICK TERRACE HOVE LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	S Sodhi
	AE Sanderson
	LC Kirby

Company secretary	LC Kirby

Registered office	30 Brunswick Terrace
	Hove
	East Sussex
	BN3 1HJ

30 BRUNSWICK TERRACE HOVE LIMITED

DIRECTORS' REPORT

YEAR ENDED 31 AUGUST 2023

The directors present their report and the unaudited financial statements of the company for the year ended 31 August 2023 .

Principal activities

The company owns the freehold reversionary interest in 30 Brunswick Terrace, Hove

Directors

The directors who served the company during the year were as follows:

S Sodhi
AE Sanderson
LC Kirby

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 26 October 2023 and signed on behalf of the board by:

LC Kirby

Director

Registered office:

30 Brunswick Terrace

Hove

East Sussex

BN3 1HJ

30 BRUNSWICK TERRACE HOVE LIMITED

STATEMENT OF FINANCIAL POSITION

31 August 2023

	2023		2022
Note	£	£	£

Fixed assets

Tangible assets	4		55,633	55,633

Current assets

Cash at bank and in hand	26,195		20,729

Creditors: amounts falling due within one year	5	26,195		20,729
			---------	---------
Total assets less current liabilities			55,633	55,633
			---------	---------

Capital and reserves

Called up share capital	9	9
Other reserves	55,624	55,624
	---------	---------
Shareholders funds	55,633	55,633
	---------	---------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 August 2023 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 financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 26 October 2023 , and are signed on behalf of the board by:

LC Kirby

Director

Company registration number: 4512783

30 BRUNSWICK TERRACE HOVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 30 Brunswick Terrace, Hove, East Sussex, BN3 1HJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

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. The company has no income or expenditure in its own right, all transactions in the year being related to the maintenance of the common parts in accordance with the lease. Service charges collected are held on trust by the company for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987. Information relating to the service charges is dealt with as a separate statement of account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Tangible assets

	Land and buildings
	£
Cost
At 1 September 2022 and 31 August 2023	55,633
	---------
Depreciation
At 1 September 2022 and 31 August 2023	–
	---------
Carrying amount
At 31 August 2023	55,633
	---------
At 31 August 2022	55,633
	---------

Tangible assets held at valuation

Land & buildings represents the freehold reversionary interest in 30 Brunswick Terrace, Hove.

5. Creditors: amounts falling due within one year

	2023	2022
	£	£
Other creditors	26,195	20,729
	---------	---------

Other creditors represent amounts owed to the service charge account arising from the use of the company's bank account for the service charge account transactions.

6.Related party transactions

The company is not under the control of anyone individual. No transactions with related parties were undertaken such as are required to be disclosed under FRS102 Section 1A.