Registered number
08703788
Max Court Management Company Limited
Filleted Accounts
31 December 2021
Max Court Management Company Limited
Registered number: 08703788
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 29,971 29,971
Current assets
Cash at bank and in hand 1,797 1,231
Creditors: amounts falling due within one year 4 (592) (994)
Net current assets 1,205 237
Net assets 31,176 30,208
Capital and reserves
Revaluation reserve 5 29,971 29,971
Profit and loss account 1,205 237
Members' funds 31,176 30,208
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.
J Denyer
Director
Approved by the board on 3/09/2022
Max Court Management Company Limited
Notes to the 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
Turnover comprises contributions receivable in the period towards the cost of the maintenance and management of the Estate of the Company.
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. The freehold asset comprises freehold land.
Debtors
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.
Creditors
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.
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.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2021 29,971
At 31 December 2021 29,971
Depreciation
At 31 December 2021 -
Net book value
At 31 December 2021 29,971
At 31 December 2020 29,971
4 Creditors: amounts falling due within one year 2021 2020
£ £
Other creditors 592 994
5 Revaluation reserve 2021 2020
£ £
At 1 January 2021 29,971 29,971
At 31 December 2021 29,971 29,971
6 Other information
Max Court Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Max Court
The Welkin
Lindfield, Haywards Heath
West Sussex
RH16 2PW
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