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COMPANY REGISTRATION NUMBER: 07133902
TOP ROAD (DOWNDERRY) MANAGEMENT LTD
Company Limited by Guarantee
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 January 2023
TOP ROAD (DOWNDERRY) MANAGEMENT LTD
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION
31 January 2023
2023
2022
Note
£
£
£
FIXED ASSETS
Tangible assets
5
6,278
6,298
CURRENT ASSETS
Debtors
6
( 140)
600
Cash at bank and in hand
12,029
9,515
----------
----------
11,889
10,115
CREDITORS: amounts falling due within one year
7
330
315
----------
----------
NET CURRENT ASSETS
11,559
9,800
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
17,837
16,098
CREDITORS: amounts falling due after more than one year
8
1,750
1,750
----------
----------
NET ASSETS
16,087
14,348
----------
----------
CAPITAL AND RESERVES
Profit and loss account
16,087
14,348
----------
----------
MEMBERS FUNDS
16,087
14,348
----------
----------
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 statement of income and retained earnings has not been delivered.
TOP ROAD (DOWNDERRY) MANAGEMENT LTD
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION (continued)
31 January 2023
For the year ending 31 January 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their 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 4 October 2023 , and are signed on behalf of the board by:
Mr M De'Ath
Director
Company registration number: 07133902
TOP ROAD (DOWNDERRY) MANAGEMENT LTD
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2023
1. GENERAL INFORMATION
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Rosia, Top Road, Downderry, TORPOINT, Cornwall, PL11 3LZ.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
TANGIBLE ASSETS
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
DEPRECIATION
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
10% reducing balance
4. COMPANY LIMITED BY GUARANTEE
The company is limited by guarantee whereby in the event of liquidation, the directors guarantee to each subscribe £1.
5. TANGIBLE ASSETS
Freehold property
Fixtures and fittings
Total
£
£
£
Cost
At 1 February 2022 and 31 January 2023
6,102
456
6,558
--------
-----
--------
Depreciation
At 1 February 2022
260
260
Charge for the year
20
20
--------
-----
--------
At 31 January 2023
280
280
--------
-----
--------
Carrying amount
At 31 January 2023
6,102
176
6,278
--------
-----
--------
At 31 January 2022
6,102
196
6,298
--------
-----
--------
6. DEBTORS
2023
2022
£
£
Other debtors
( 140)
600
-----
-----
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Other creditors
330
315
-----
-----
8. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Other creditors
1,750
1,750
--------
--------