Company Registration No. 12194490 (England and Wales)
16 Princess Road NW1 8JJ Freehold Limited
Unaudited accounts
for the year ended 31 December 2022
16 Princess Road NW1 8JJ Freehold Limited
Unaudited accounts
Contents
16 Princess Road NW1 8JJ Freehold Limited
Company Information
for the year ended 31 December 2022
Directors
Alexander Paul Williams
Michael Gerard O'Connor
Caroline Shaw
Company Number
12194490 (England and Wales)
Registered Office
Ground Floor Flat 16 Princess Road
Primrose Hill
London
NW1 8JJ
England
16 Princess Road NW1 8JJ Freehold Limited
Statement of financial position
as at 31 December 2022
Intangible assets
33,728
52,929
Cash at bank and in hand
15,333
9,765
Creditors: amounts falling due within one year
(35,641)
(70,474)
Net current liabilities
(18,908)
(52,990)
Net assets/(liabilities)
14,820
(61)
Called up share capital
10
10
Profit and loss account
14,810
(71)
Shareholders' funds
14,820
(61)
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2023 and were signed on its behalf by
Alexander Paul Williams
Director
Company Registration No. 12194490
16 Princess Road NW1 8JJ Freehold Limited
Notes to the Accounts
for the year ended 31 December 2022
16 Princess Road NW1 8JJ Freehold Limited is a private company, limited by shares, registered in England and Wales, registration number 12194490. The registered office is Ground Floor Flat 16 Princess Road, Primrose Hill, London, NW1 8JJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The financial statements for the year ended 31 December 2021 were prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime. The comparative balance sheet has been restated in accordance with the requirements of FRS 102 Section 1A.
The comparative balances have been restated to reflect the inclusion of the purchase of intangible assets in the financial year ended 31 December 2020. As a result, fixed assets and current liabilities have increased by £52,929 with no impact on shareholders' funds.
The comparative balances have also been restated to reflect all transactions relating to the service charge of the properties being managed by the company. There is no impact on shareholders' funds.
These financial statements for the year ended
31 December 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
8 below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the reporting end date.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
16 Princess Road NW1 8JJ Freehold Limited
Notes to the Accounts
for the year ended 31 December 2022
Turnover represents ground rents received and service charges provided in the normal course of business. Turnover is accounted for on an accruals basis. Amounts invoiced in advance relating to the next accounting period, are included in deferred income within the statement of financial position.
Intangible fixed assets are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 31 December 2022
33,728
At 31 December 2022
33,728
At 31 December 2021
52,929
Amounts falling due within one year
Accrued income and prepayments
749
525
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
2,566
3,184
Taxes and social security
3,198
-
Loans from directors
23,120
67,290
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).
8
Reconciliations on adoption of FRS 102
There has been no impact on capital and reserves or profit and loss as a result of the transition from FRS 105 The Financial Reporting Standard applicable to Micro-entities Regime to FRS 102 Section 1A Small Entities.