CH COPY
Company registration number:
04102762
12-14 DE VERE GARDENS LIMITED
Unaudited filleted financial statements
24 March 2018
12-14 DE VERE GARDENS LIMITED
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
12-14 DE VERE GARDENS LIMITED
Directors and other information
|
|
|
|
|
Directors
|
Mr John Henry Roger Foldes
|
|
|
|
Ms Nathalie Helene Forman
|
|
|
|
Mr Ravinder Misri
|
|
|
|
Dr Marjan Mokhber
|
|
|
|
Mrs Omobolanle Rahmat Jinadu
|
|
|
|
Ms Katherina Anna Maria Parobek
|
|
|
|
Ms Alena Shylin
|
|
|
|
|
|
|
|
|
|
|
Secretary
|
Abdul Lateef Jinadu
|
|
|
|
|
|
|
|
|
|
|
Company number
|
04102762
|
|
|
|
|
|
|
|
|
|
|
Registered office
|
12-14 De Vere Gardens
|
|
|
|
London
|
|
|
|
W8 5AE
|
|
|
|
|
|
|
|
|
|
|
Business address
|
12-14 De Vere Gardens
|
|
|
|
London
|
|
|
|
W8 5AE
|
|
|
|
|
|
|
|
|
|
|
Accountants
|
Hansons
|
|
|
|
39a Joel Street
|
|
|
|
Northwood Hills
|
|
|
|
Middlesex
|
|
|
|
HA6 1NZ
|
|
|
|
|
|
12-14 DE VERE GARDENS LIMITED
Statement of financial position
24 March 2018
|
|
|
|
|
2018
|
|
|
|
2017
|
|
|
Note
|
£
|
|
£
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
Fixed assets
|
|
|
|
|
|
|
|
|
|
Tangible assets
|
|
4
|
30,302
|
|
|
|
30,302
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
30,302
|
|
|
|
30,302
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Debtors
|
|
5
|
4,959
|
|
|
|
5,522
|
|
|
Cash at bank
|
|
|
1,947
|
|
|
|
1,436
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
6,906
|
|
|
|
6,958
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
6
|
(
31,008)
|
|
|
|
(
31,192)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
Net current liabilities
|
|
|
|
|
(
24,102)
|
|
|
|
(
24,234)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
Net assets
|
|
|
|
|
6,200
|
|
|
|
6,068
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
|
|
|
12
|
|
|
|
12
|
Profit and loss account
|
|
|
|
|
6,188
|
|
|
|
6,056
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
Shareholders funds
|
|
|
|
|
6,200
|
|
|
|
6,068
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
For the year ending 24 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
20 September 2018
, and are signed on behalf of the board by:
Mr John Henry Roger Foldes
Director
Company registration number:
04102762
12-14 DE VERE GARDENS LIMITED
Statement of changes in equity
Year ended 24 March 2018
|
|
Called up share capital
|
|
Profit and loss account
|
Total
|
|
|
|
|
|
|
|
£
|
|
£
|
£
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 25 March 2016
|
|
12
|
|
5,631
|
5,643
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year
|
|
|
|
425
|
425
|
|
|
|
|
|
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
Total comprehensive income for the year
|
|
-
|
|
425
|
425
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
At 24 March 2017 and 25 March 2017
|
|
12
|
|
6,056
|
6,068
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year
|
|
|
|
132
|
132
|
|
|
|
|
|
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
Total comprehensive income for the year
|
|
-
|
|
132
|
132
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
At 24 March 2018
|
|
12
|
|
6,188
|
6,200
|
|
|
|
|
|
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12-14 DE VERE GARDENS LIMITED
Notes to the financial statements
Year ended 24 March 2018
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 12-14 De Vere Gardens Limited, 12-14 De Vere Gardens, London, W8 5AE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on 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 sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for rents and other relation income.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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:
|
|
|
|
|
Freehold property
|
-
|
Nil %
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4.
Tangible assets
|
|
Freehold property
|
Total
|
|
|
|
|
|
|
|
£
|
£
|
|
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
|
At 25 March 2017 and 24 March 2018
|
30,302
|
30,302
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
Depreciation
|
|
|
|
|
|
|
|
|
At 25 March 2017 and 24 March 2018
|
-
|
-
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
|
At 24 March 2018
|
30,302
|
30,302
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
At 24 March 2017
|
30,302
|
30,302
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The company owns the freehold of 12-14 De Vere Gardens, which is subject to the leases granted to 12 flats. No depreciation is provided on the freehold property as the directors consider it to be immaterial and they also consider it to be unnecessary to perform an annual impairment review as the net realisable value exceeds cost.
5.
Debtors
2018
2017
£
£
|
|
|
|
|
|
Other debtors
|
|
4,959
|
5,522
|
|
|
|
_______
|
_______
|
|
|
|
|
|
6.
Creditors: amounts falling due within one year
2018
2017
£
£
|
|
|
|
|
|
Trade creditors
|
|
-
|
100
|
|
Corporation tax
|
|
19
|
106
|
|
Other creditors
|
|
30,989
|
30,986
|
|
|
|
_______
|
_______
|
|
|
|
31,008
|
31,192
|
|
|
|
_______
|
_______
|
|
|
|
|
|
7.
Controlling party
There are no controlling parties
.