Registered number
05313533
Colonnade Court Residents Limited
Filleted Accounts
31 December 2022
Colonnade Court Residents Limited
Registered number: 05313533
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 7,263 7,263
Current assets
Debtors 4 4,888 2,405
Cash at bank and in hand 7,503 4,608
12,391 7,013
Creditors: amounts falling due within one year 5 (5,268) (2,409)
Net current assets 7,123 4,604
Net assets 14,386 11,867
Capital and reserves
Revaluation reserve 6 7,263 7,263
Profit and loss account 7,123 4,604
Shareholders' funds 14,386 11,867
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 profit and loss account has not been delivered to the Registrar of Companies.
Mr D F Albornoz Villagra
Director
Approved by the board on 17 October 2023
Colonnade Court Residents Limited
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the charges made to leaseholders as contributions towards communal expenses.
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:
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2022 7,263
At 31 December 2022 7,263
Depreciation
At 31 December 2022 -
Net book value
At 31 December 2022 7,263
At 31 December 2021 7,263
4 Debtors 2022 2021
£ £
Other debtors 4,888 2,405
5 Creditors: amounts falling due within one year 2022 2021
£ £
Other creditors 5,268 2,409
6 Revaluation reserve 2022 2021
£ £
At 1 January 2022 7,263 7,263
At 31 December 2022 7,263 7,263
7 Other information
Colonnade Court Residents Limited is a private company limited by shares and incorporated in England. Its registered office is:
Wessex House
St Leonards Road
Bournemouth
Dorset
BH8 8QS
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