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Company Registration No. 08132119 (England and Wales)
Church Terrace Management Company Limited Unaudited accounts for the year ended 31 December 2021
Church Terrace Management Company Limited Unaudited accounts Contents
Page
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Church Terrace Management Company Limited Company Information for the year ended 31 December 2021
Directors
Adrian Mark Tomlinson Hayley Michaela Rees
Company Number
08132119 (England and Wales)
Registered Office
44 Lime Pit Lane Wakefield West Yorkshire WF3 4DH England
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Church Terrace Management Company Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,330 
6,779 
Current assets
Debtors
35,242 
45,117 
Cash at bank and in hand
324 
1,718 
35,566 
46,835 
Creditors: amounts falling due within one year
(12,036)
(12,740)
Net current assets
23,530 
34,095 
Total assets less current liabilities
30,860 
40,874 
Creditors: amounts falling due after more than one year
(27,333)
(35,333)
Provisions for liabilities
Deferred tax
(1,393)
(997)
Net assets
2,134 
4,544 
Capital and reserves
Called up share capital
6 
6 
Profit and loss account
2,128 
4,538 
Shareholders' funds
2,134 
4,544 
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2022 and were signed on its behalf by
Adrian Mark Tomlinson Director Company Registration No. 08132119
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Church Terrace Management Company Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Church Terrace Management Company Limited is a private company, limited by shares, registered in England and Wales, registration number 08132119. The registered office is 44 Lime Pit Lane, Wakefield, West Yorkshire, WF3 4DH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
Subsequent to the end of the financial year there have been considerable economic impacts in the UK and globally arising from the Coronavirus (COVID-19) pandemic, and government actions to reduce the spread of the virus. At the date of signing the financial statements the directors are unable to determine the full effects the outbreak of the virus will have in future financial periods. The directors have taken steps to mitigate the impact of the virus on the business and, in their opinion, the company is a going concern and will continue to be so for a period of at least 12 months from the date that the financial statements have been approved.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
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 arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25 % Reducing balance
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Church Terrace Management Company Limited Notes to the Accounts for the year ended 31 December 2021
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At valuation 
At 1 January 2021
14,500 
Revaluations
2,995 
At 31 December 2021
17,495 
Depreciation
At 1 January 2021
7,721 
Charge for the year
2,444 
At 31 December 2021
10,165 
Net book value
At 31 December 2021
7,330 
At 31 December 2020
6,779 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Other debtors
35,242 
45,117 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
8,000 
4,667 
Obligations under finance leases and hire purchase contracts
2,077 
2,222 
Taxes and social security
1,528 
1,427 
Loans from directors
81 
4,074 
Accruals
350 
350 
12,036 
12,740 
The bank loan is unsecured, repayable in installments and interest is charged at 2.5%.
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
27,333 
35,333 
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Church Terrace Management Company Limited Notes to the Accounts for the year ended 31 December 2021
8
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
6 Ordinary shares of £1 each
6 
6 
9
Loans to directors
There are no transactions with the directors that require disclosure under section 413 of the Companies Act 2006.
10
Transactions with related parties
Included in 'Other Debtors: amounts due within one year' is a balance of £35,242 (2020: £45,117) due from Butchers Arms Partnership of which A Tomlinson is a partner. The director has given his personal guarantee on the borrowings. Included in Other Creditors is a balance of £81 (2020: £4,074) due to the directors. The loan is unsecured, interest free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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