Burnetts Lane (Southampton) No. 2 Limited |
Notes to the Accounts |
for the year ended 31 May 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Bank account |
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A statutory trust is imposed over the service charge monies received under section 42 of the Landlord and Tenant Act 1987, the residential management company acts as a trustee in this capacity. The closing balance at bank and other assets are held in trust by the company. Reference should be made to the service charge accounts completed for the benefit of the residents. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Other information |
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Burnetts Lane (Southampton) No. 2 Limited is a private company limited by guarantee. In the event of the company being wound up, the members may be required to contribute an amount not exceeding £1 each. The company is incorporated in England, its registered office is: |
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67 Cranbury Road |
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Eastleigh |
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Hampshire |
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SO50 5HB |