144 Fleet Road Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10203356 (England and Wales)

144 FLEET ROAD LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C. Dutton

L. Fagan

H.C. Kilinc

A.C. Margolis

A.J. Petty

REGISTERED OFFICE:

135/137, Station Road,

Chingford,

London

E4 6AG

REGISTERED NUMBER:

10203356 (England and Wales)

ACCOUNTANTS:

Findlay, Wetherfield, Scott & Co.,

Chartered Accountants

135/137, Station Road,

Chingford,

London

E4 6AG

MANAGING AGENTS:

Dedman Property Management,

1 London Hill,

Rayleigh,

Essex.

SS6 7HW

FIXED ASSETS

Tangible assets

3

36,510

CURRENT ASSETS

Debtors

4

1,765

-

Cash at bank

6,285

8,613

8,050

8,613

CREDITORS

Amounts falling due within one year

5

7,950

8,513

NET CURRENT ASSETS

100

TOTAL ASSETS LESS CURRENT
LIABILITIES

36,610

CREDITORS

Amounts falling due after more than one
year

6

36,510

NET ASSETS

100

CAPITAL AND RESERVES

Called up share capital

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 11th October 2019 and were signed on its behalf
by:

A.J. Petty - Director

1.	STATUTORY INFORMATION

144 Fleet Road Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

It is the company's practice to maintain its freehold property in a continual state of sound repair and to make

improvements thereto from time to time. Accordingly the directors' assessment of the life of this asset and its

residual value is such that any depreciation relating thereto would be immaterial. Consequently no charge for

depreciation is made.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1st April 2018

and 31st March 2019

36,510

NET BOOK VALUE

At 31st March 2019

36,510

At 31st March 2018

36,510

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Lessee accounts

1,765

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Held in Trust for Lessees

7,710

7,190

Accrued expenses

240

1,323

7,950

8,513

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2019

2018

£

Loans from members

36,510

7.	RELATED PARTY DISCLOSURES

There is no overall controlling party. Each shareholder owns 20% of the issued ordinary shares in the company.

During the previous period all 5 original lessees / members contributed towards the cost of purchase of the

freehold, and the costs relating to the incorporation of the company. The amounts contributed, and shown below,

are treated as loans to the company and would only be repayable upon the eventual sale of the freehold, or a

similar event. On the transfer of any lease the loan is also transferred to the new lessee / member. The sums due

to each member are as follows:

2019

2018

£

C. Dutton

8,487

A.J. Petty

7,269

A.C. Margolis

6,499

L. Fagan

7,676

H.C. Kilinc

6,579

8.	TRUST ACCOUNT

Any surplus or deficit for the year is shown as a service charge balance on the service charge account. If there is

an overall surplus the company holds these funds on Trust for the lessees.

The movement in the Trust account for the year is as follows, and the balance as at the balance sheet date

effectively represents the net surplus or retained provisions to date:

2019

2018

£

Balance as at 1st April 2018

7,190

-

Surplus for the year

- Service charge balance

520

7,190

Balance as at 31st March 2019

7,710

7,190

144 Fleet Road Ltd - Accounts to registrar (filleted) - small 18.2

144 Fleet Road Ltd - Accounts to registrar (filleted) - small 18.2