Company Registration No. 01034640 (England and Wales)
CAPEL GARDENS (PINNER) RESIDENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
ACCOUNTS FOR FILING WITH REGISTRAR
CAPEL GARDENS (PINNER) RESIDENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CAPEL GARDENS (PINNER) RESIDENTS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2021
31 December 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1
1
Current assets
Debtors
4
96
96
Net current assets
96
96
Net assets
97
97
Capital and reserves
Called up share capital
5
96
96
Other reserves
1
1
Total equity
97
97
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 1 August 2022 and are signed on its behalf by:
A Jhinzuvadia
Director
Company Registration No. 01034640
CAPEL GARDENS (PINNER) RESIDENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
- 2 -
1
Accounting policies
Company information
Capel Gardens (Pinner) Residents Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Suite A2 Kebbell House, Delta Gain, Carpenders Park, Watford, Herts, WD19 5EF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for
ground rents on the flats and garages owned at Capel Gardens, Pinner.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Freehold
Nil
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments
'
of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include
debtors
and cash and bank balances, are initially measured at transaction price including transaction costs.
Financial assets classified as receivable within one year are not amortised.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
CAPEL GARDENS (PINNER) RESIDENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
1
Accounting policies
(Continued)
- 3 -
1.6
During the year the company has acted as agent for the lessees of the property at Capel Gardens, Pinner, London, Middlesex, HA5 5RG. The funds in relation to the maintenance of the property are held in trust. As at
31 December 2021
the cash balance held on behalf of the lessees amounted to £284,397.
Income or expenditure arising in relation to the maintenance of the common parts of the property held in accordance with the governing leases is shown in separate service charge accounts. These do not form part of the annual accounts of the company and not filed at Companies House. The accounts can be obtained from Capel Gardens (Pinner) Residents Limited.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2021 and 31 December 2021
1
Depreciation and impairment
At 1 January 2021 and 31 December 2021
Carrying amount
At 31 December 2021
1
At 31 December 2020
1
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Other debtors
96
96
5
Called up share capital
2021
2020
2021
2020
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
96
96
96
96