Chinley Lodge Management Company Limited 05441664 false 2021-01-01 2021-12-31 2021-12-31 The principal activity of the company is property management services on the apartments known as Chinley Lodge. Digita Accounts Production Advanced 6.30.9574.0 true 05441664 2021-01-01 2021-12-31 05441664 2021-12-31 05441664 bus:SmallEntities 2021-01-01 2021-12-31 05441664 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 05441664 bus:AbridgedAccounts 2021-01-01 2021-12-31 05441664 bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 05441664 bus:RegisteredOffice 2021-01-01 2021-12-31 05441664 bus:Director1 2021-01-01 2021-12-31 05441664 bus:Director2 2021-01-01 2021-12-31 05441664 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 05441664 countries:EnglandWales 2021-01-01 2021-12-31 05441664 2020-01-01 2020-12-31 05441664 2020-12-31 iso4217:GBP xbrli:pure

Registration number: 05441664

Chinley Lodge Management Company Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2021

 

Chinley Lodge Management Company Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Chinley Lodge Management Company Limited

Company Information

Directors

Mrs J McArdle

Mr N McArdle

Registered office

31 Sackville Street
Manchester
M1 3LZ

Principle place of business

Chinley Lodge
1 Green Lane
Chinley High Peaks
SK23 6AA

 

Chinley Lodge Management Company Limited

(Registration number: 05441664)
Abridged Balance Sheet as at 31 December 2021

Note

2021
£

2020
£

Current assets

 

Cash at bank and in hand

 

2,169

4,168

Accruals and deferred income

 

(610)

(547)

Net assets

 

1,559

3,621

Capital and reserves

 

Called up share capital

8

8

Profit and loss account

1,551

3,613

Shareholders' funds

 

1,559

3,621

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 23 May 2022 and signed on its behalf by:
 

.........................................
Mrs J McArdle
Director

.........................................
Mr N McArdle
Director

 

Chinley Lodge Management Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2021

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
31 Sackville Street
Manchester
M1 3LZ
England

These financial statements were authorised for issue by the Board on 23 May 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Chinley Lodge Management Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2021

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2020 - 1).

4

Related party transactions

The company was under the control of Mr Nicholas G. McArdle and Mrs Jane T. McArdle throughout the current year.

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.