Riding Court (Brackley) Property Management Limited 02211054 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is property maintenance Digita Accounts Production Advanced 6.30.9574.0 true 02211054 2022-04-01 2023-03-31 02211054 2023-03-31 02211054 core:RetainedEarningsAccumulatedLosses 2023-03-31 02211054 core:ShareCapital 2023-03-31 02211054 core:CurrentFinancialInstruments 2023-03-31 02211054 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02211054 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 02211054 bus:SmallEntities 2022-04-01 2023-03-31 02211054 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 02211054 bus:FullAccounts 2022-04-01 2023-03-31 02211054 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 02211054 bus:RegisteredOffice 2022-04-01 2023-03-31 02211054 bus:Director1 2022-04-01 2023-03-31 02211054 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02211054 core:LandBuildings 2022-04-01 2023-03-31 02211054 countries:EnglandWales 2022-04-01 2023-03-31 02211054 2022-03-31 02211054 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 02211054 2021-04-01 2022-03-31 02211054 2022-03-31 02211054 core:RetainedEarningsAccumulatedLosses 2022-03-31 02211054 core:ShareCapital 2022-03-31 02211054 core:CurrentFinancialInstruments 2022-03-31 02211054 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 02211054 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 02211054

Riding Court (Brackley) Property Management Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 March 2023

 

Riding Court (Brackley) Property Management Limited

(Registration number: 02211054)
Statement of Financial Position as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

11

11

Current assets

 

Debtors

5

41

-

Cash at bank and in hand

 

399

257

 

440

257

Creditors: Amounts falling due within one year

6

(385)

(373)

Net current assets/(liabilities)

 

55

(116)

Net assets/(liabilities)

 

66

(105)

Capital and reserves

 

Called up share capital

11

11

Profit and loss account

55

(116)

Shareholders' funds/(deficit)

 

66

(105)

For the financial year ending 31 March 2023 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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 Income Statement has been taken.

Approved and authorised by the Board on 26 September 2023 and signed on its behalf by:
 

.........................................
R M J Shepherd
Director

 

Riding Court (Brackley) Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

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: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. United Kingdom.

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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents the amounts derived from maintenance contributions receivable.

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

No depreciation is charged as the company only owns the reversionary interest in the land.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

 

Riding Court (Brackley) Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Trade creditors

Short term creditors are measured at the transaction price.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0).

Due to the nature of the company’s activities there were no employees in the current or previous year.

4

Tangible assets

Freehold property
£

Total
£

Cost or valuation

At 1 April 2022

11

11

At 31 March 2023

11

11

Depreciation

Carrying amount

At 31 March 2023

11

11

At 31 March 2022

11

11

The company owns the Freehold interest of the common parts of the estate which is valued at a nominal £1 per unit.

5

Debtors

2023
£

2022
£

Trade debtors

41

-

41

-

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Accruals and deferred income

385

373