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2024-12-31-accounts
|
|
2024 |
|
|
2023 |
|
|
£ |
|
£ |
£ |
|
£ |
| Investment Income |
|
|
9,751 |
|
|
8,148 |
| Other Income from Tenants |
|
|
1,179 |
|
|
1,200 |
| Investment Income 2 (Gain) |
|
|
41,867 |
|
|
29,014 |
|
|
|
52,797 |
|
|
38,362 |
| Loss on investments |
|
|
|
|
|
|
| GROSS PROFIT |
|
|
52,797 |
|
|
38.362 |
| Wkly Man Chgs (Rent Payments) |
135,245 |
|
|
122,913 |
|
|
| Electric Contributions from Tenants |
8,752 |
|
143,997 |
7,398 |
|
130,311 |
|
|
|
196,794 |
|
|
168,673 |
| OVERHEADS |
|
|
|
|
|
|
| Trustees Management Payments |
12,645 |
|
|
12,322 |
|
|
| Property Repairs and Maintenance |
25,766 |
|
|
56,612 |
|
|
| Rates - Ground and Water |
3,068 |
|
|
6,577 |
|
|
| Property Management Charge |
13,836 |
|
|
11,701 |
|
|
| British Gas and Total Energies |
17,597 |
|
|
25,032 |
|
|
| Insurance |
2,277 |
|
|
2,161 |
|
|
| Stationery and Printing |
|
|
|
66 |
|
|
| Tel - CCTV Monitoring |
330 |
|
|
292 |
|
|
| Licences |
52 |
|
|
53 |
|
|
| Replaceable White Goods |
|
|
|
725 |
|
|
| Accountancy |
400 |
|
|
400 |
|
|
| Professional Fees - Nelsons |
8,468 |
|
|
9,402 |
|
|
| Bank Charges |
60 |
|
|
14 |
|
|
Sundries |
1,450 |
|
|
333 |
|
|
|
|
|
85,949 |
|
|
125,690 |
| NET PROFIT |
|
|
110,845 |
|
|
42,983 |
|
|
2024 |
|
|
2023 |
|
|
£ |
|
£ |
£ |
|
£ |
| FIXED ASSETS |
|
|
2.834,000 |
|
|
2,834,000 |
| CURRENT ASSETS |
|
|
|
|
|
|
| Bank Current Account |
204,879 |
|
|
46.757 |
|
|
| M & G Investments 3388 |
300,169 |
|
|
378,315 |
|
|
| M & G Investments 3387 - 3389 |
21,174 |
|
|
20,487 |
|
|
| Brewin Dolphin Investments |
246,377 |
|
|
217,050 |
|
|
|
772,599 |
|
|
662,609 |
|
|
| CURRENT LIABILITIES |
|
|
|
|
|
|
| Trade Creditors |
|
|
|
855 |
|
|
| Revaluation Account Cullen Court |
2,561,000 |
|
|
2,561,000 |
|
|
|
2,561,000 |
|
|
2,561,855 |
|
|
| NET CURRENT LIABILITIES |
|
|
(1,788,401) |
|
|
(1,899,246) |
| NET ASSETS |
|
|
1,045,599 |
|
|
934,754 |
| Financed By: |
|
|
|
|
|
|
| CAPITAL ACCOUNT |
|
|
|
|
|
|
| Brought Forward |
|
|
934,754 |
|
|
891,771 |
| Profit For The Year |
|
|
110,845 |
|
|
42,983 |
|
|
|
1,045,599 |
|
|
934,754 |
|
2024 |
2023 |
|
£ |
£ |
| ASSETS AT COST |
|
|
| 17 Rockwood Crescent |
85,000 |
85,000 |
| 12 Derwent Drive |
188,000 |
188,000 |
| As at 31 December 2024 |
273,000 |
273,000 |
| Freehold Property |
|
|
| As at 31 December 2024 |
2,561,000 |
2,561,000 |
| SUMMARY |
|
|
| NET BOOK AMOUNTS |
|
|
| Assets at cost |
273,000 |
273,000 |
| Cullen Court Properties |
2,561,000 |
2,561,000 |
|
2,834,000 |
2,834,000 |