COMPANY REGISTRATION NUMBER:
04294762
33-35 Netherwood Road Management Limited
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Filleted Unaudited Financial Statements
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33-35 Netherwood Road Management Limited
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Year ended 30 September 2021
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
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1
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Statement of financial position
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2
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Notes to the financial statements
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3
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33-35 Netherwood Road Management Limited
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Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
33-35 Netherwood Road Management Limited
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Year ended 30 September 2021
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 September 2021, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
HARPER SHELDON LIMITED
Chartered Accountants
Midway House
Staverton Technology Park
Herrick Way, Staverton
Cheltenham, Glos.
GL51 6TQ
11 April 2022
33-35 Netherwood Road Management Limited
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Statement of Financial Position
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30 September 2021
Fixed assets
Tangible assets
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4
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44,611
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44,611
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--------
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--------
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Total assets less current liabilities
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44,611
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44,611
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--------
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--------
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Capital and reserves
Called up share capital
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8
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8
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Other reserves
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45,174
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45,174
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Profit and loss account
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(
571)
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(
571)
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--------
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Shareholders funds
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44,611
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44,611
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--------
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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 Section 1A of 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 income and retained earnings has not been delivered.
For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
11 April 2022
, and are signed on behalf of the board by:
Company registration number:
04294762
33-35 Netherwood Road Management Limited
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Notes to the Financial Statements
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Year ended 30 September 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat G, 33-35 Netherwood Road, London, W14 0BL.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Tangible assets
Tangible assets are initially recorded at cost, and 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4.
Tangible assets
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Freehold property
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£
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Cost
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At 1 October 2020 and 30 September 2021
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44,611
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Depreciation
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At 1 October 2020 and 30 September 2021
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–
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Carrying amount
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At 30 September 2021
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44,611
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At 30 September 2020
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44,611
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5.
Related party transactions
The company was under the control of shareholders throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under FRSSE.