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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED |
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30 SEPTEMBER 2018 |
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FOR |
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14 SALISBURY ROAD (RESIDENTS) LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED |
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30 SEPTEMBER 2018 |
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FOR |
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14 SALISBURY ROAD (RESIDENTS) LIMITED |
14 SALISBURY ROAD (RESIDENTS) LIMITED (REGISTERED NUMBER: 04076923) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 3 |
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14 SALISBURY ROAD (RESIDENTS) LIMITED (REGISTERED NUMBER: 04076923) |
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BALANCE SHEET |
30 SEPTEMBER 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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SHAREHOLDERS' FUNDS |
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14 SALISBURY ROAD (RESIDENTS) LIMITED (REGISTERED NUMBER: 04076923) |
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BALANCE SHEET - continued |
30 SEPTEMBER 2018 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
signed on its behalf by: |
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14 SALISBURY ROAD (RESIDENTS) LIMITED (REGISTERED NUMBER: 04076923) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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1. | STATUTORY INFORMATION |
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14 Salisbury Road (Residents) Limited is a
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England and Wales. The company's registered number and registered office address are as |
below: |
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Registered number: | 04076923 |
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Registered office: | 14 Salisbury Road |
Hove |
East Sussex |
BN3 3AD |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents ground rents receivable. |
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Tangible fixed assets |
The freehold property, which is subject to four leasehold interests, is carried at cost including |
the legal costs of acquisition. |
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The freehold reversionary interest in land owned by the company is regarded as the |
equivalent of freehold land. Accordingly, there is no deterioration in the asset and no |
depreciation needs to be charged in these accounts in accordance with the Companies Act. |
14 SALISBURY ROAD (RESIDENTS) LIMITED (REGISTERED NUMBER: 04076923) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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3. | ACCOUNTING POLICIES - continued |
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Financial instruments |
Financial liabilities and equity instruments are classified according to the substance of the |
contractual arrangements entered into. An equity instrument is any contract that evidences a |
residual interest in the assets of the entity after deducting all of its financial liabilities. |
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Where the contractual obligations of financial instruments (including share capital) are |
equivalent to a similar debt instrument, those financial instruments are classed as financial |
liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and |
gains or losses relating to financial liabilities are included in the profit and loss account. |
Finance costs are calculated so as to produce a constant rate of return on the outstanding |
liability. |
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Where the contractual terms of share capital do not have any terms meeting the definition of |
a financial liability then this is classed as an equity instrument. Dividends and distributions |
relating to equity instruments are debited direct to equity. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2017 - NIL). |
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5. | TANGIBLE FIXED ASSETS |
Reversio |
interest |
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freehold |
property |
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COST |
At 1 October 2017 |
and 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 30 September 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
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14 SALISBURY ROAD (RESIDENTS) LIMITED (REGISTERED NUMBER: 04076923) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other creditors |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary | £1 | 4 | 4 |
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9. | RELATED PARTY DISCLOSURES |
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The directors have a leasehold interest in 14 Salisbury Road and as such pay ground rents |
to the company. During the year £400 (2017: £400) was receivable from the directors. |