REGISTERED NUMBER: |
LAWRENCE HOUSE (PUDSEY) MANAGEMENT |
COMPANY LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2021 |
REGISTERED NUMBER: |
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 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Major works reserve |
Income and expenditure account |
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. |
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 |
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 |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
Advanced service charges | 4,054 | 1,900 |
Major works reserve | 28,862 | 27,883 |
Prepayments and accrued income |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade creditors |
Other creditors |
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. |