Registered number
01729688
Minster Court Management (Liverpool) Company Ltd
Unaudited Filleted Accounts
31 March 2023
Minster Court Management (Liverpool) Company Ltd
Registered number: 01729688
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 64,460 59,581
Current assets
Debtors 4 149,073 133,569
Cash at bank and in hand 95,913 90,643
244,986 224,212
Creditors: amounts falling due within one year 5 (4,471) (3,296)
Net current assets 240,515 220,916
Total assets less current liabilities 304,975 280,497
Provisions for liabilities 6 (135) (135)
Net assets 304,840 280,362
Capital and reserves
Called up share capital 281 281
Accumulated surplus 7 304,559 280,081
Reserve funds 304,840 280,362
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The Income and Expenditure account has not been delivered to the Registrar of Companies.
Mr S J White
Director
Approved by the board on 21 August 2023
Minster Court Management (Liverpool) Company Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Income
Income represents service charges due from investors as per the terms of their lease.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land & buildings At 1% SLM
Fixtures, fittings, tools and equipment At 10% SLM
Motor vehicles At 20% SLM
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Fixtures & fittings Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 66,753 13,680 5,000 85,433
Additions - - 8,795 8,795
At 31 March 2023 66,753 13,680 13,795 94,228
Depreciation
At 1 April 2022 13,356 8,496 4,000 25,852
Charge for the year 668 1,368 1,880 3,916
At 31 March 2023 14,024 9,864 5,880 29,768
Net book value
At 31 March 2023 52,729 3,816 7,915 64,460
At 31 March 2022 53,397 5,184 1,000 59,581
4 Debtors 2023 2022
£ £
Trade debtors 148,908 133,569
Other debtors 165 -
149,073 133,569
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 192
Other taxes and social security costs 3,783 3,095
Other creditors 688 9
4,471 3,296
6 Reserve fund contribution account 2023 2022
£ £
At 1 April 135 135
- -
7 Accumulated surplus 2023 2022
£ £
At 1 April 2022 280,081 245,680
Surplus for the year 24,478 34,401
At 31 March 2023 304,559 280,081
8 Other information
Minster Court Management (Liverpool) Company Ltd is a private company limited by shares and incorporated in England. Its registered office is:
300 St Mary's Road
Garston
Liverpool
Merseyside
L19 0NQ
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