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No description of principal activities is disclosed
2021-01-01
Sage Accounts Production 21.0 - FRS102_2021
3,870
3,870
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Company registration number:
02775902
Chiltern Court (Harpenden) Management Co Limited
Company limited by guarantee
Filleted financial statements
31 December 2021
Chiltern Court (Harpenden) Management Co Limited
Company limited by guarantee
Contents
Directors and other information
Directors responsibilities statement
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Chiltern Court (Harpenden) Management Co Limited
Company limited by guarantee
Directors and other information
|
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Directors |
Ms A S Foster |
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Mrs S Stocks |
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Mr J Humphries |
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Mrs E A Morris |
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Mr R M Morris |
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Secretary |
Mrs S Stocks |
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Company number |
02775902 |
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Registered office |
Vaughan Chambers |
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Vaughan Road |
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Harpenden |
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Hertfordshire |
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AL5 4EE |
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Auditor |
Hicks and Company |
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Chartered Accountants and Statutory Auditors |
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Vaughan Chambers |
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Vaughan Road |
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Harpenden |
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Hertfordshire |
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AL5 4EE |
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Chiltern Court (Harpenden) Management Co Limited
Company limited by guarantee
Directors responsibilities statement
Year ended 31 December 2021
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgments and accounting estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Chiltern Court (Harpenden) Management Co Limited
Company limited by guarantee
Statement of financial position
31 December 2021
|
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2021 |
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2020 |
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|
Note |
£ |
|
£ |
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£ |
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£ |
|
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|
Fixed assets |
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Tangible assets |
|
7 |
1 |
|
|
|
1 |
|
|
|
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|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
1 |
|
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1 |
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Current assets |
|
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|
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|
|
|
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Debtors |
|
8 |
3,056 |
|
|
|
1,276 |
|
|
Cash at bank and in hand |
|
|
12,088 |
|
|
|
8,391 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
15,144 |
|
|
|
9,667 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
9 |
(
4,569) |
|
|
|
(
3,660) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
10,575 |
|
|
|
6,007 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
10,576 |
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|
|
6,008 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
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|
_______ |
Net assets |
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|
|
10,576 |
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|
|
6,008 |
|
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|
|
|
_______ |
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|
_______ |
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Capital and reserves |
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Profit and loss account |
|
|
|
|
10,576 |
|
|
|
6,008 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Members funds |
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|
|
|
10,576 |
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|
|
6,008 |
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|
|
|
|
_______ |
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_______ |
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|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
11 August 2022
, and are signed on behalf of the board by:
Ms A S Foster
Director
Company registration number:
02775902
Chiltern Court (Harpenden) Management Co Limited
Company limited by guarantee
Statement of changes in equity
Year ended 31 December 2021
|
|
Electrical works reserve |
|
Profit and loss account |
Total |
|
|
|
|
|
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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At 1 January 2020 |
|
3,870 |
|
1,974 |
5,844 |
|
|
|
|
|
|
|
|
|
|
|
|
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Profit for the year |
|
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|
164 |
164 |
|
|
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|
Other comprehensive income for the year: |
|
|
|
|
|
|
|
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|
Transfer from electrical works reserve to general reserve |
|
(
3,870) |
|
3,870 |
- |
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
Total comprehensive income for the year |
|
(
3,870) |
|
4,034 |
164 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
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At 31 December 2020 and 1 January 2021 |
|
- |
|
6,008 |
6,008 |
|
|
|
|
|
|
|
|
|
|
|
|
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|
Profit for the year |
|
|
|
4,568 |
4,568 |
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
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|
Total comprehensive income for the year |
|
- |
|
4,568 |
4,568 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
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|
At 31 December 2021 |
|
- |
|
10,576 |
10,576 |
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
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|
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Chiltern Court (Harpenden) Management Co Limited
Company limited by guarantee
Notes to the financial statements
Year ended 31 December 2021
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, Hertfordshire, AL5 4EE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the total service charges receivable from members during the year.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
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Fittings fixtures and equipment |
- |
Straight line over 4 years |
|
Computer equipment |
- |
Straight line over 3 years |
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised retrospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4.
Limited by guarantee
The liability of each member is limited to a contribution of £1, in the event of the company being wound up while he or she is a member, or within one year after he or she ceases to be a member, towards the payment of debts and liabilities of the company contracted before he or she ceased to be a member. At 31 December 2021 there were 16 members (2020: 16 members).
5.
Auditors remuneration
|
|
|
2021 |
2020 |
|
|
|
£ |
£ |
|
Fees payable to Hicks and Company |
|
|
|
|
Fees payable for the audit of the financial statements |
|
786 |
730 |
|
|
|
_______ |
_______ |
|
Fees payable to the company's auditor and its associates for other services: |
|
|
|
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Taxation compliance services |
|
342 |
320 |
|
|
|
_______ |
_______ |
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6.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2020:
5
).
7.
Tangible assets
|
|
Fixtures, fittings and equipment |
Computer equipment |
Total |
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|
|
|
|
|
£ |
£ |
£ |
|
|
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|
Cost |
|
|
|
|
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|
|
At 1 January 2021 and 31 December 2021 |
1,319 |
1,285 |
2,604 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 January 2021 and 31 December 2021 |
1,319 |
1,284 |
2,603 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
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|
|
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|
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At 31 December 2021 |
- |
1 |
1 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 December 2020 |
- |
1 |
1 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.
Debtors
|
|
|
2021 |
2020 |
|
|
|
£ |
£ |
|
Trade debtors |
|
1,910 |
590 |
|
Other debtors |
|
1,146 |
686 |
|
|
|
_______ |
_______ |
|
|
|
3,056 |
1,276 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due within one year
|
|
|
2021 |
2020 |
|
|
|
£ |
£ |
|
Trade creditors |
|
1,901 |
1,010 |
|
Other creditors |
|
2,668 |
2,650 |
|
|
|
_______ |
_______ |
|
|
|
4,569 |
3,660 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Summary audit opinion
The auditor's report for the year dated
11 August 2022
was unqualified.
The senior statutory auditor was
Philip Dean
for and on behalf of
Hicks and Company