0 false false false false false false false false false true false false false false false false No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 27,949 27,949 27,949 xbrli:pure xbrli:shares iso4217:GBP 01875297 2022-01-01 2022-12-31 01875297 2022-12-31 01875297 2021-01-01 2021-12-31 01875297 2021-12-31 01875297 bus:RegisteredOffice 2022-01-01 2022-12-31 01875297 bus:LeadAgentIfApplicable 2022-01-01 2022-12-31 01875297 bus:Director2 2022-01-01 2022-12-31 01875297 bus:Director1 2022-01-01 2022-12-31 01875297 core:WithinOneYear 2022-12-31 01875297 core:WithinOneYear 2021-12-31 01875297 core:RetainedEarningsAccumulatedLosses 2022-12-31 01875297 core:RetainedEarningsAccumulatedLosses 2021-12-31 01875297 core:LandBuildings 2022-12-31 01875297 core:LandBuildings 2021-12-31 01875297 bus:SmallEntities 2022-01-01 2022-12-31 01875297 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 01875297 bus:FullAccounts 2022-01-01 2022-12-31 01875297 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 01875297 bus:CompanyLimitedByGuarantee 2022-01-01 2022-12-31
COMPANY REGISTRATION NUMBER: 01875297
SRB Management Ltd
Company Limited by Guarantee
Filleted Unaudited Financial Statements
31 December 2022
SRB Management Ltd
Company Limited by Guarantee
Officers and Professional Advisers
Director
P Dean
Registered office
5 Bagenal House
Shirley Road
Abbots Langley
Herts
WD5 0ND
Accountants
Warners
Chartered Accountants
3a The Wenta Business Centre
Colne Way
Watford
WD24 7ND
SRB Management Ltd
Company Limited by Guarantee
Balance Sheet
31 December 2022
2022
2021
Note
£
£
£
Fixed assets
Tangible assets
5
27,949
27,949
Current assets
Debtors
6
15,014
Cash at bank and in hand
20,741
37,326
--------
--------
35,755
37,326
Creditors: amounts falling due within one year
7
24,516
23,199
--------
--------
Net current assets
11,239
14,127
--------
--------
Total assets less current liabilities
39,188
42,076
--------
--------
Net assets
39,188
42,076
--------
--------
Capital and reserves
Profit and loss account
39,188
42,076
--------
--------
Members funds
39,188
42,076
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income and expenditure account has not been delivered.
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 October 2023 , and are signed on behalf of the board by:
P DEAN _______________ Director
Company registration number: 01875297
SRB Management Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2022
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 5 Bagenal House, Shirley Road, Abbots Langley, Herts, WD5 0ND.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The company acts as trustee in respect of service charge monies collected for the maintenance of the common parts in accordance with the leases. In accordance with the latest accounting guidelines, the company excludes these funds and transactions from its financial statements as separate service charge accounts are prepared.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Company limited by guarantee
The company is limited by guarantee and has no share capital.
5. Tangible assets
Investment property
£
Cost
At 1 January 2022 and 31 December 2022
27,949
--------
Depreciation
At 1 January 2022 and 31 December 2022
--------
Carrying amount
At 31 December 2022
27,949
--------
At 31 December 2021
27,949
--------
The investment property is the freehold interest in the Shirley Road Estate. In the opinion of the directors, the original cost shown above continues to represent fair value.
6. Debtors
2022
2021
£
£
Amount owed by service charge fund
15,014
--------
----
7. Creditors: amounts falling due within one year
2022
2021
£
£
Accruals and deferred income
21,205
16,191
Corporation tax
3,311
3,457
Funds held on behalf of the lessees
3,551
--------
--------
24,516
23,199
--------
--------