8 Moorcroft Road Property Management Com - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06507184 (England and Wales)

Financial Statements

for the Year Ended 29th February 2024

for

8 Moorcroft Road Property Management

Company Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J Tay

Ms G E Hill

Ms A L Goldman

SECRETARY:

Cornerstones Secretaries Ltd

REGISTERED OFFICE:

Flat 1

8 Moorcroft Road

London

London

SW16 1NL

REGISTERED NUMBER:

06507184 (England and Wales)

ACCOUNTANTS:

Buffery & Co Ltd

2 West Street

Henley On Thames

Oxfordshire

RG9 2DU

FIXED ASSETS

Tangible assets

4

11,250

11,250

CURRENT ASSETS

Debtors

389

328

Cash at bank

1,210

2,248

1,599

2,576

CREDITORS

Amounts falling due within one year

456

900

NET CURRENT ASSETS

1,143

1,676

TOTAL ASSETS LESS CURRENT LIABILITIES

12,393

12,926

CREDITORS

Amounts falling due after more than one year

11,250

11,250

NET ASSETS

1,143

1,676

RESERVES

Income and expenditure account

5

1,143

1,676

1,143

1,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 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 surplus or deficit 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 29th February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28th May 2024 and were signed on its behalf by:

Ms A L Goldman - Director

1.	STATUTORY INFORMATION

8 Moorcroft Road Property Management Company Limited is a private company, limited by guarantee , 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.

Turnover

Turnover represents contributions made by members to meet the costs of flat maintenance and general maintenance. Contributions are adjusted each year with a view of ensuring that over time they balance costs.

Tangible fixed assets

These represent the cost of the freehold interest in 8 Moorcroft Road. Since it will not be sold by the company, it is neither valued or depreciated.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st March 2023

and 29th February 2024

11,250

NET BOOK VALUE

At 29th February 2024

11,250

At 28th February 2023

11,250

5.

RESERVES

Income

and

expenditure

account

£

At 1st March 2023

1,676

Deficit for the year

(533

)

At 29th February 2024

1,143

Any surplus in this account is held on trust for the members.

6.	TRANSFER OF LONG TERM LOANS FROM MEMBERS

In the case of a member's departure, as a result of the sale of their freehold property, their balance held as 'Long term loans from members' will be transferred to the new owner.