Company Registration No. 11457666 (England and Wales)
18 ST JOHNS ROAD LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JULY 2019
18 ST JOHNS ROAD LTD
COMPANY INFORMATION
Directors
Mr R Aggawal
(Appointed 3 September 2019)
Ms S Kostarellou
(Appointed 3 September 2019)
Mr D Stewart
(Appointed 3 September 2019)
Company number
11457666
Registered office
18 St Johns Road
London
NW11 0PG
Accountants
RDP Newmans LLP
Lynwood House
373-375 Station Road
Harrow, Middlesex
HA1 2AW
18 ST JOHNS ROAD LTD
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
18 ST JOHNS ROAD LTD
DIRECTORS' REPORT
FOR THE PERIOD ENDED 30 JULY 2019
- 1 -
The directors present their annual report and financial statements for the period ended 30 July 2019.
During the period, the company acquired the freehold at 18 St Johns Road for nil consideration.
Directors
The directors who held office during the period and up to the date of signature of the financial statements were as follows:
Mr O B Menahem
(Appointed 10 July 2018 and resigned 3 September 2019)
Mr R Aggawal
(Appointed 3 September 2019)
Ms S Kostarellou
(Appointed 3 September 2019)
Mr D Stewart
(Appointed 3 September 2019)
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mr D Stewart
Director
17 April 2020
18 ST JOHNS ROAD LTD
BALANCE SHEET
AS AT 30 JULY 2019
30 July 2019
- 2 -
2019
Note
£
Current assets
Debtors
2
3
Net assets
3
Capital and reserves
Called up share capital
3
3
Total equity
3
For the financial period ended 30 July 2019 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 member has 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 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 17 April 2020 and are signed on its behalf by:
Mr D Stewart
Director
Company Registration No. 11457666
18 ST JOHNS ROAD LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JULY 2019
- 3 -
1
Accounting policies
Company information
18 St Johns Road Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
18 St Johns Road, London, NW11 0PG.
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 was incorporated on 10 July 2018. These accounts are prepared to the financial period ended 30 July 2019.
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
Cash and cash equivalents
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.
Financial assets and liabilities are offset
, with
the net amounts presented in the financial statements
,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
18 ST JOHNS ROAD LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JULY 2019
1
Accounting policies
(Continued)
- 4 -
Classification of financial liabilities
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 company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from
fellow group companies and preference shares that are classified as debt, are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of
the future
paymen
ts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective
interest rate method.
Trade creditors
are obligations to pay for goods or services that have been acquired
in the ordinary course of business from suppliers. A
m
ounts payable are classified as
current liabilities if payment is due within one year or less. If not, they are presented
as non-current liabilities. Trade creditors are recognised initially at transaction price
and subsequently measured at amortised cost using the effective interest method.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Debtors
2019
Amounts falling due within one year:
£
Other debtors
3
3
Called up share capital
2019
£
Ordinary share capital
Issued and fully paid
3 Ordinary shares of £1 each
3