Company registration number 08760861 (England and Wales)
51 HAVEN ROAD MANAGEMENT COMPANY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
25 MARCH 2023
4 Brackley Close
Bournemouth International Airport
Christchurch
Dorset
BH23 6SE
51 HAVEN ROAD MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
51 HAVEN ROAD MANAGEMENT COMPANY LIMITED
BALANCE SHEET
AS AT
25 MARCH 2023
25 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
7,228
623
Cash at bank and in hand
9,857
9,547
17,085
10,170
Creditors: amounts falling due within one year
4
(5,759)
(11,504)
Net current assets/(liabilities)
11,326
(1,334)
Capital and reserves
Called up share capital
14
14
Other reserves
8,400
Profit and loss reserves
2,912
(1,348)
Total equity
11,326
(1,334)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 25 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 20 October 2023 and are signed on its behalf by:
Mr T I Keats
Director
Company Registration No. 08760861
51 HAVEN ROAD MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 MARCH 2023
- 2 -
1
Accounting policies
Company information
51 Haven Road Management Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6 Poole Hill, Bournemouth, Dorset, BH2 5PS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.3
Financial instruments
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
Current tax is recognised on taxable profit for the current and, where not previously recognised, past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
51 HAVEN ROAD MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 MARCH 2023
- 3 -
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
6,911
Other debtors
317
623
7,228
623
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
3,628
2,046
Other creditors
2,131
9,458
5,759
11,504