Company registration number 01106392 (England and Wales)
QUEENS COURT (HIGH WYCOMBE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
QUEENS COURT (HIGH WYCOMBE) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
QUEENS COURT (HIGH WYCOMBE) LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1
1
Current assets
Debtors
4
4,368
4,064
Cash at bank and in hand
20,331
15,633
24,699
19,697
Creditors: amounts falling due within one year
5
(950)
(798)
Net current assets
23,749
18,899
Net assets
23,750
18,900
Capital and reserves
Called up share capital
180
180
Profit and loss reserves
23,570
18,720
Total equity
23,750
18,900
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 Year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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.
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.
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 9 February 2024 and are signed on its behalf by:
T N Harrison
M M Boreham
Director
Director
Company Registration No. 01106392
QUEENS COURT (HIGH WYCOMBE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Queens Court (High Wycombe) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Queens Court, Queens Road, High Wycombe, Buckinghamshire, United Kingdom, HP13 6BA.
1.1
Reporting period
[ FRS 102 3.10 An entity shall present a complete set of financial statements (including comparative information as set out in paragraph 3.14) at least annually. When the end of an entity’s reporting period changes and the annual financial statements are presented for a period longer or shorter than one year, the entity shall disclose the following: (a) that fact; (b) the reason for using a longer or shorter period; and (c) the fact that comparative amounts presented in the financial statements (including the related notes) are not entirely comparable. ]
1.2
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 amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services charges and any other charges made to the leaseholders of the 18 flats at Queens Court.
1.4
Tangible fixed assets
The company owns the freehold interest of Queens Court. The cost price shown in Note 3 was the sum paid in August 1977 to acquire the reversionary interest from the developers.
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
None
1.5
Impairment of fixed assets
The only fixed asset is the freehold interest held at £1.
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.
QUEENS COURT (HIGH WYCOMBE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
There were no employees during the year.
2
Employees
The average monthly number of persons (including directors) employed by the company during the Year was:
2023
2022
Number
Number
Total
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 and 31 December 2023
1
Depreciation and impairment
At 1 January 2023 and 31 December 2023
Carrying amount
At 31 December 2023
1
At 31 December 2022
1
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
(1)
Other debtors
4,368
4,065
4,368
4,064
5
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
950
798