99 Rotherhithe Street Limited - Filleted accounts

99 Rotherhithe Street Limited - Filleted accounts

99 ROTHERHITHE STREET LIMITED - Company Information

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Registered number
06664803
99 Rotherhithe Street Limited
Unaudited Filleted Accounts
31 December 2021
99 Rotherhithe Street Limited
Balance Sheet for the Limited Company
for the year ended 31 December 2021
Balance Sheet at 31 December 2021
Notes 2021 2020
£ £
Fixed assets 2 53,470 53,470
Current assets
Cash at Bank 3 35 35
Current Liabilities - -
Net assets 53,505 53,505
Capital and reserves
Allotted, called up and fully paid share capital 9 9
Share Premium 53,496 53,496
Shareholders' funds 53,505 53,505
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Graham Beal
Director
Approved by the board on 3 March 2022
99 Rotherhithe Street Limited
Notes to the Limited Company Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
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).
Turnover
The Company has no income or expenditure in its own right. All transactions in the year relate to maintenance of the common parts in accordance with the lease. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property 99 Rotherhithe Street, also known as New Archers Court, that do not form part of annual accounts of the Company and are not filed at Companies House. All service charge monies received from the residents of the property at 99 Rotherhithe Street, London SE16 4NF, also known as New Archers Court are held on trust for the residents.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold of the building over 0 years
The residual value of the Freehold of the building is deemed to be equal to, or exceeds, its current carrying value, and therefore the depreciation for the year was £Nil
In accordance with FRS102 the freehold of the building has been treated as property plant and equipment.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

There is no Corporation Tax payable based on the result for the year (2020: No Corporation Tax payable)
Employees 2021 2020
Number Number
Average number of persons employed by the company 0 0
99 Rotherhithe Street Limited
Notes to the Limited Company Accounts
for the year ended 31 December 2021
2 Tangible fixed assets
Freehold of the Building
£
Cost
At 1 January 2021 53,470
At 31 December 2021 53,470
Depreciation
At 31 December 2021 -
Net book value
At 31 December 2021 53,470
At 31 December 2020 53,470
Freehold land and buildings: 2021 2020
£ £
Historical cost 53,470 53,470
Cumulative depreciation based on historical cost - -
53,470 53,470
3 Cash at Bank
The Limited Company does not have a separate bank account to hold the funds belonging to 99 Rotherhithe Street Limited, instead these monies are combined with the service charge trust bank balance.
4 Tech 03/11
In accordance with Tech 03/11, guidance issued by the Institute of Chartered Accountants in England and Wales, the net service charge assets and reserves which are held under trust on behalf of the owners are shown in a separate service charge accounts balance sheet. Thus the assets owned by the company are distinguished from those held on trust for the owners.
5 Service Charge Reserves held on trust
The service charge reserves held on trust for tenants and thus no longer included within 99 Rotherhithe Street Limited balance sheet total £90,014
6 Other information
99 Rotherhithe Street Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
The Old Bank
Beaufort Street
Crickhowell
Powys
NP8 1AD
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