| 21 Elm Road Limited |
| Notes to the Accounts |
| for the year ended 31 May 2019 |
|
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover represents maintenance income receivable by the company. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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| 2 |
Tangible fixed assets |
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Land and buildings |
| £ |
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Cost |
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At 1 June 2018 |
1 |
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At 31 May 2019 |
1 |
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Depreciation |
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At 31 May 2019 |
- |
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Net book value |
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At 31 May 2019 |
1 |
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At 31 May 2018 |
1 |
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| 3 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
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Other debtors |
30 |
|
30 |
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| 4 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
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Other creditors |
2,075 |
|
1,630 |
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| 5 |
Revaluation reserve |
2019 |
|
2018 |
| £ |
£ |
|
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At 1 June 2018 |
1 |
|
1 |
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At 31 May 2019 |
1 |
|
1 |
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| 6 |
Contingent liabilities |
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All of the income arising to the company, during both the current and prior year, was receivable from its directors. |
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| 7 |
Controlling party |
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The company is controlled by its directors. No single individual can be regarded as either the controlling or ultimate controlling party of the company. |
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| 8 |
Other information |
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21 Elm Road Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
21 Elm Road |
|
Beckenham |
|
Kent |
|
BR3 4JB |
