263-267 Magdalen Road Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05984960 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

FOR

263-267 MAGDALEN ROAD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D Fletcher

Ms J Archer

Ms L McIvor

REGISTERED OFFICE:

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

BUSINESS ADDRESS:

28 Tranmere Road

LONDON

SW18 3QQ

REGISTERED NUMBER:

05984960 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

FIXED ASSETS

Tangible assets

4

44,353

44,353

CURRENT ASSETS

Debtors

5

1,367

-

Cash at bank and in hand

4,450

99

5,817

99

CREDITORS

Amounts falling due within one year

6

47,923

45,236

NET CURRENT LIABILITIES

(42,106

)

(45,137

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,247

(784

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Other reserves

8

2,147

(884

)

SHAREHOLDERS' FUNDS

2,247

(784

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 22 April 2021 and were signed on its behalf by:

Mr D Fletcher - Director

1.	STATUTORY INFORMATION

263-267 Magdalen Road Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents service charges received from residents.

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

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 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 December 2019

and 30 November 2020

44,353

NET BOOK VALUE

At 30 November 2020

44,353

At 30 November 2019

44,353

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Prepayments

1,367

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Bank loans and overdrafts

-

222

Other creditors

44,354

44,354

Deferred income

2,850

-

Accrued expenses

719

660

47,923

45,236

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.11.20

30.11.19

value:

£

£

10,000

Share capital

1p

100

100

8.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

At 1 December 2019

-

(884

)

(884

)

Profit for the year

-

-

Other reserves

-

3,031

3,031

At 30 November 2020

-

2,147

2,147

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D Fletcher and Ms L McIvor.