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Unaudited Financial Statements for the Year Ended 30 June 2020 |
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10 SUNNINGDALE GARDENS (RESIDENTS) |
LIMITED |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 June 2020 |
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for |
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10 SUNNINGDALE GARDENS (RESIDENTS) |
LIMITED |
10 SUNNINGDALE GARDENS (RESIDENTS) |
LIMITED (REGISTERED NUMBER: 03795091) |
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Contents of the Financial Statements |
FOR THE YEAR ENDED 30 JUNE 2020 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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10 SUNNINGDALE GARDENS (RESIDENTS) |
LIMITED |
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Company Information |
FOR THE YEAR ENDED 30 JUNE 2020 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Third Floor |
126-134 Baker Street |
London |
W1U 6UE |
10 SUNNINGDALE GARDENS (RESIDENTS) |
LIMITED (REGISTERED NUMBER: 03795091) |
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Balance Sheet |
30 JUNE 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Capital redemption reserve | 9 |
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Other reserves | 9 |
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Retained earnings | 9 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her 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. |
10 SUNNINGDALE GARDENS (RESIDENTS) |
LIMITED (REGISTERED NUMBER: 03795091) |
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Balance Sheet - continued |
30 JUNE 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were authorised for issue by the director and authorised for issue on
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10 SUNNINGDALE GARDENS (RESIDENTS) |
LIMITED (REGISTERED NUMBER: 03795091) |
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Notes to the Financial Statements |
FOR THE YEAR ENDED 30 JUNE 2020 |
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1. | STATUTORY INFORMATION |
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10 Sunningdale Gardens (Residents) Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Going concern |
The directors consider that the financial resources available to the Company are adequate to meet its operational needs for the foreseeable future or at least 12 months from the date of signature of these accounts. Accordingly, the going concern basis has been adopted in preparing these financial statements. |
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Turnover |
Turnover represents ground rent receivable for the year. Revenue is recognised on presentation of invoice to the tenants. |
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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. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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10 SUNNINGDALE GARDENS (RESIDENTS) |
LIMITED (REGISTERED NUMBER: 03795091) |
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Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 JUNE 2020 |
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4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 July 2019 |
and 30 June 2020 |
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NET BOOK VALUE |
At 30 June 2020 |
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At 30 June 2019 |
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The company acquired the property of Sunningdale House, 10 Sunningdale Gardens, London on 30 June 2000. This has since been professionally revalued by JSRE Partners (RICS Registered valuers). |
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Fair value at 30 June 2020 is represented by: |
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Valuation in 2019 | 152,000 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Taxation and social security |
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Other creditors |
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7. | PROVISIONS FOR LIABILITIES |
2020 | 2019 |
£ | £ |
Deferred tax | 21,536 | 21,536 |
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Deferred |
tax |
£ |
Balance at 1 July 2019 |
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Deferred tax |
Balance at 30 June 2020 |
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10 SUNNINGDALE GARDENS (RESIDENTS) |
LIMITED (REGISTERED NUMBER: 03795091) |
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Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 JUNE 2020 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
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Ordinary shares | £1 | 2 | 4 |
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9. | RESERVES |
Capital |
Retained | redemption | Other |
earnings | reserve | reserves | Totals |
£ | £ | £ | £ |
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At 1 July 2019 |
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278,958 |
Deficit for the year | ( |
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Purchase of own shares | (112,144 | ) | 2 | - | (112,142 | ) |
At 30 June 2020 |
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166,004 |
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10. | RELATED PARTY DISCLOSURES |
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At the balance sheet date, £NIL and £NIL (2019 : £28,716 and £29,736) was due to the directors, Ms K A Nicholls and Ms V A R Harrison-Cripps, respectively. |