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REGISTERED NUMBER: 04211488 (England and Wales)










LAWRENCE HOUSE (PUDSEY) MANAGEMENT
COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021






LAWRENCE HOUSE (PUDSEY) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04211488)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 3


LAWRENCE HOUSE (PUDSEY) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04211488)

BALANCE SHEET
31ST DECEMBER 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Debtors 4 41,985 38,522

CREDITORS
Amounts falling due within one year 5 6,664 4,180
NET CURRENT ASSETS 35,321 34,342
TOTAL ASSETS LESS CURRENT LIABILITIES 35,321 34,342

RESERVES
Major works reserve 28,862 27,883
Income and expenditure account 6,459 6,459
35,321 34,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th July 2022 and were signed on its behalf by:





N Etchell - Director


LAWRENCE HOUSE (PUDSEY) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04211488)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021


1. STATUTORY INFORMATION

Lawrence House (Pudsey) Management Company Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04211488

Registered office: C/O J. H. Watson Property Management Ltd
Glendevon House
4 Hawthorn Park
Leeds
West Yorkshire
LS14 1PQ

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of trade discounts. The policies adopted for the recognition of turnover are as follows:

When the outcome of a transaction can be estimated reliably, turnover from service charges received from the property owners, lessees and tenants for the management and administration of the communal areas is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to date of occurrence.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 7 ) .

LAWRENCE HOUSE (PUDSEY) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04211488)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
General funds held by managing
agent 7,716 6,662
Advanced service charges 4,054 1,900
Major works reserve 28,862 27,883
Prepayments and accrued income 1,353 2,077
41,985 38,522

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 1,223 1,063
Other creditors 5,441 3,117
6,664 4,180

6. CAPITAL

Lawrence House (Pudsey) Management Company Limited is limited by guarantee and has no share capital. The members have agreed to contribute £25 each to the Company's assets in the event of it winding up, if its assets should prove insufficient to cover its liabilities.