St John's Cloisters Company Limited 04962676 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is holding the freehold and collection of ground rents in respect of the property known as The Cloisters, St.John's Road Digita Accounts Production Advanced 6.30.9574.0 true true 04962676 2022-03-01 2023-02-28 04962676 2023-02-28 04962676 core:OtherReservesSubtotal 2023-02-28 04962676 core:RetainedEarningsAccumulatedLosses 2023-02-28 04962676 core:ShareCapital 2023-02-28 04962676 core:CurrentFinancialInstruments 2023-02-28 04962676 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 04962676 core:LandBuildings 2023-02-28 04962676 bus:SmallEntities 2022-03-01 2023-02-28 04962676 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 04962676 bus:FullAccounts 2022-03-01 2023-02-28 04962676 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 04962676 bus:RegisteredOffice 2022-03-01 2023-02-28 04962676 bus:CompanySecretaryDirector1 2022-03-01 2023-02-28 04962676 bus:Director4 2022-03-01 2023-02-28 04962676 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 04962676 countries:EnglandWales 2022-03-01 2023-02-28 04962676 2022-02-28 04962676 core:LandBuildings 2022-02-28 04962676 2021-03-01 2022-02-28 04962676 2022-02-28 04962676 core:OtherReservesSubtotal 2022-02-28 04962676 core:RetainedEarningsAccumulatedLosses 2022-02-28 04962676 core:ShareCapital 2022-02-28 04962676 core:CurrentFinancialInstruments 2022-02-28 04962676 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 04962676 core:LandBuildings 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 04962676

St John's Cloisters Company Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

St John's Cloisters Company Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

St John's Cloisters Company Limited

Company Information

Directors

M J Cornford

N Jones

Company secretary

M J Cornford

Registered office

6 Ledsham Park
St. Lenoards-On-Sea
East Sussex
TN37 7LQ

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

St John's Cloisters Company Limited

(Registration number: 04962676)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

44,726

44,726

Current assets

 

Debtors

5

674

1,438

Cash at bank and in hand

 

2,693

3,044

 

3,367

4,482

Creditors: Amounts falling due within one year

6

(456)

(444)

Net current assets

 

2,911

4,038

Net assets

 

47,637

48,764

Capital and reserves

 

Called up share capital

42

42

Other reserves

44,726

44,726

Retained earnings

2,869

3,996

Shareholders' funds

 

47,637

48,764

For the financial year ending 28 February 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 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 October 2023 and signed on its behalf by:
 

.........................................
M J Cornford
Company secretary and director

 

St John's Cloisters Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 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:
6 Ledsham Park
St. Lenoards-On-Sea
East Sussex
TN37 7LQ

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 presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the ground rent or sale of flats 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.

Tangible assets

Tangible assets are stated in the balance sheet 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.

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.

 

St John's Cloisters Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Trade debtors

Trade debtors are amounts due from leaseholders for ground rent and sale of flats in the ordinary course of business.

Trade debtors are recognised initially at the transaction price.

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.

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 (2022 - 0).

 

St John's Cloisters Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 March 2022

44,726

44,726

At 28 February 2023

44,726

44,726

Depreciation

Carrying amount

At 28 February 2023

44,726

44,726

At 28 February 2022

44,726

44,726

Included within the net book value of land and buildings above is £44,726 (2022 - £44,726) in respect of freehold land and buildings.
 

5

Debtors

2023
£

2022
£

Other debtors

674

1,438

674

1,438

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

456

444