Rosebery Mayfair Residents Company Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01917894 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ROSEBERY MAYFAIR RESIDENTS COMPANY

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

6

DIRECTORS:

L C Karlson

P N Shepherd

M J Edwards

Sir R H Evans

Sir H C Wake

A W Morton

REGISTERED OFFICE:

Market House

21 Lenten Street

Alton

Hampshire

GU34 1HG

REGISTERED NUMBER:

01917894 (England and Wales)

ACCOUNTANTS:

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

FIXED ASSETS

Tangible assets

4

1

1

CURRENT ASSETS

Debtors

5

-

42,720

Cash at bank

31,428

72,912

31,428

115,632

CREDITORS

Amounts falling due within one year

6

20,909

34,061

NET CURRENT ASSETS

10,519

81,571

TOTAL ASSETS LESS CURRENT LIABILITIES

10,520

81,572

CAPITAL AND RESERVES

Called up share capital

7

22

22

Sinking fund

8

-

71,052

Retained earnings

8

10,498

10,498

SHAREHOLDERS' FUNDS

10,520

81,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:

M J Edwards - Director

1.	STATUTORY INFORMATION

Rosebery Mayfair 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.

From 1 April 2022 the accounts have been prepared in line with ICAEW Technical Release 03/11 Residential Service Charge Accounts, which is now the generally accepted format.

The company was dormant throughout the year ended 31 March 2023. However, reference to information relating to the year ended 31 March 2022 has been made where appropriate.

Tangible fixed assets and depreciation

The company retains the freehold reversion of Rosebery Court, Charles Street, Mayfair, London W1, for which it paid £1. As the sub-leases are for 999 years and no income is generated from this asset, the value is equal to its cost and no depreciation is required

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2022

and 31 March 2023

1

NET BOOK VALUE

At 31 March 2023

1

At 31 March 2022

1

The company retains the freehold reversion of Rosebery Court, Charles Street, Mayfair, London W1, for which it paid £1. As the sub-leases are for 999 years and no income is generated from this asset, the value is equal to its cost.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

-

391

Prepayments

-

34,826

Service charges due

-

7,503

-

42,720

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

-

1,129

Prepaid service charges

-

20,307

Service charges to be refunded

-

1,512

Tax

-

3,012

Other creditors

20,909

5,056

Accrued expenses

-

3,045

20,909

34,061

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

22

Ordinary

£1

22

22

8.

RESERVES

Retained

Sinking

earnings

fund

Totals

£

£

£

At 1 April 2022

10,498

71,052

81,550

Profit for the year

-

-

Transfers between reserves

-

(71,052

)

(71,052

)

At 31 March 2023

10,498

-

10,498

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors are also lessees at Rosebery Court, Charles Street, Mayfair, London W1 and, as such, contribute to the maintenance and service costs incurred by the company in the fulfilment of its obligations.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rosebery Mayfair Residents Company Limited for the year ended 31 March 2023 which comprise the Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Rosebery Mayfair Residents Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rosebery Mayfair Residents Company Limited and state those matters that we have agreed to state to the Board of Directors of Rosebery Mayfair Residents Company Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rosebery Mayfair Residents Company 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 profit of Rosebery Mayfair Residents Company Limited. You consider that Rosebery Mayfair Residents Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rosebery Mayfair Residents Company 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.

Whilst the scope of our work did not constitute an audit under the governance of Company Law, we have verified the existence and amounts of the assets and liabilities shown on the Balance Sheet by reference to supporting documentation or representations by a director.

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

9 October 2023