Trafalgar Business Centre Management Company (No.2) Limited Company accounts
Trafalgar Business Centre Management Company (No.2) Limited Company accounts
COMPANY REGISTRATION NUMBER:
02752858
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Financial Statements |
Year ended 31 December 2022
Contents |
Pages |
Directors' report |
1 to 2 |
Independent auditor's report to the members |
3 to 6 |
Statement of income and retained earnings |
7 |
Statement of financial position |
8 to 9 |
Notes to the financial statements |
10 to 13 |
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Directors' Report |
Year ended 31 December 2022
The directors present their report and the financial statements of the company for the year ended
31 December 2022
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DIRECTORS
The directors who served the company during the year were as follows:
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DIVIDENDS
The directors do not recommend the payment of a dividend.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
DIRECTORS' RESPONSIBILITIES STATEMENT
This report was approved by the board of directors on
11 December 2023
and signed on behalf of the board by:
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Director |
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Independent Auditor's Report to the Members of
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Year ended 31 December 2022
OPINION
BASIS FOR OPINION
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial statements, we have concluded that the directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
OTHER INFORMATION
OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006
Based solely on the work undertaken in the course of the audit, we report that, in our opinion:
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the information given in the Directors' Report for the financial year for which the financial statements are prepared, is consistent with the financialstatements; and
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the Directors' Report has been prepared in accordance with the applicable legal requirements.
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
RESPONSIBILITIES OF DIRECTORS
AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
This report, including the opinions, is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Act. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to it in an auditor's report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members as a body, for our audit work, for this report, or for the opinions we have formed.
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(Senior Statutory Auditor) |
For and on behalf of |
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Statutory Auditor |
22 West Green Road |
London |
United Kingdom, N15 5NN |
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Statement of Income and Retained Earnings |
Year ended 31 December 2022
2022 |
2021 |
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Note |
£ |
£ |
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Turnover |
4 |
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Gross profit |
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Administrative expenses |
(
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(
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Other operating income |
– |
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Operating profit/(loss) |
5 |
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(
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Profit/(loss) before taxation |
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(
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Tax on profit/(loss) |
– |
– |
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Profit/(loss) for the financial year and total comprehensive income |
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(
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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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------- |
------- |
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All the activities of the company are from continuing operations.
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Statement of Financial Position |
2022 |
2021 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
7 |
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Current assets
Debtors |
8 |
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Cash at bank and in hand |
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------- |
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Creditors: amounts falling due within one year |
9 |
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(
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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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Statement of Financial Position (continued) |
2022 |
2021 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
10 |
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Profit and loss account |
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------- |
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Shareholders funds |
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These financial statements were approved by the
board of directors
and authorised for issue on
11 December 2023
, and are signed on behalf of the board by:
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Director |
Company registration number:
02752858
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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 Unit 8 Trafalgar Business Centre, 77-89 River Road, Barking, Essex, IG11 0JU, United Kingdom.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in pound 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.
Turnover
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings |
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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. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
4.
Turnover
Turnover arises from:
2022 |
2021 |
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£ |
£ |
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Rendering of services |
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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.
Operating profit
Operating profit or loss is stated after charging/crediting:
2022 |
2021 |
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£ |
£ |
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Depreciation of tangible assets |
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Impairment of trade debtors |
(2,022) |
105 |
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6.
Auditor's remuneration
2022 |
2021 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
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------- |
------- |
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7.
Tangible assets
Fixtures and fittings |
Total |
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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 |
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Charge for the year |
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At 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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8.
Debtors
2022 |
2021 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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------- |
------- |
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------- |
------- |
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9.
Creditors:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
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Trade creditors |
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– |
Accruals and deferred income |
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Social security and other taxes |
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Other creditors |
536 |
535 |
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10.
Called up share capital
Authorised share capital
2022 |
2021 |
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No. |
£ |
No. |
£ |
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100 |
100 |
100 |
100 |
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Issued, called up and fully paid
2022 |
2021 |
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No. |
£ |
No. |
£ |
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17 |
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17 |
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