Company Registration No. 10376702 (England and Wales)
38 BROMLEY ROAD FREEHOLD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2017
ACCOUNTS FOR FILING WITH REGISTRAR
38 BROMLEY ROAD FREEHOLD LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
38 BROMLEY ROAD FREEHOLD LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2017
31 December 2017
- 1 -
2017
Notes
£
£
Fixed assets
Tangible assets
2
16,097
Capital and reserves
Called up share capital
3
6
Freehold contribution reserve
16,091
Total equity
16,097
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 Period ended 31 December 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 Period 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 3 July 2018 and are signed on its behalf by:
A Ceolin
Director
Company Registration No. 10376702
38 BROMLEY ROAD FREEHOLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2017
- 2 -
1
Accounting policies
Company information
38 Bromley Road Freehold Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
C/o Prestige Secretarial Services, 26 Northcote Road, Knighton, Leicester, Leicestershire, LE2 3FH.
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
Reporting period
The company has chosen to lengthen the company's reporting year end from 30 September to 31 December to report a 15 month period. The reason for the change is to align the dormant company accounts with the service charge year end for which they act as agent.
1.3
Profit and loss account
The company has not traded during the Period or the preceding financial
period
. During
this time
the company received no income and incurred no expenditure and therefore no Profit and loss account is presented
in these financial statements.
1.4
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:
Freehold land and buildings
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
.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
1.6
During the year the company has acted as agent for the lessees of the property at
38 Bromley Road, Beckenham, BR3 5JD
. The funds in relation to the maintenance of the property are held in trust.
The company therefore has no income or expenditure in its own right in relation to the maintenance of the common parts of the property held in accordance with the governing leases. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House. The accounts can be obtained from 38 Bromley Road Freehold Limited.
38 BROMLEY ROAD FREEHOLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2017
- 3 -
2
Tangible fixed assets
Land and buildings
£
Cost
At 15 September 2016
-
Additions
16,097
At 31 December 2017
16,097
Depreciation and impairment
At 15 September 2016 and 31 December 2017
-
Carrying amount
At 31 December 2017
16,097
3
Called up share capital
2017
£
Ordinary share capital
Issued and fully paid
6 Ordinary of £1 each
6
6