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REGISTERED NUMBER: 03322251 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 15 August 2023

for

Foss Court Management Company Limited

Foss Court Management Company Limited (Registered number: 03322251)






Contents of the Financial Statements
for the Year Ended 15 August 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Foss Court Management Company Limited

Company Information
for the Year Ended 15 August 2023







DIRECTORS: G R Bennett
Mrs S J Townend-Whattam
Mrs J Wood





SECRETARY: D A Griffin





REGISTERED OFFICE: 8 Lowther Court
York
YO31 7EG





REGISTERED NUMBER: 03322251 (England and Wales)





ACCOUNTANTS: Birchfields Accountants Limited
Blake House
18 Blake Street
York
YO1 8QG

Foss Court Management Company Limited (Registered number: 03322251)

Report of the Directors
for the Year Ended 15 August 2023

The directors present their report with the financial statements of the company for the year ended 15 August 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 16 August 2022 to the date of this report.

G R Bennett
Mrs S J Townend-Whattam

Other changes in directors holding office are as follows:

Mrs J Wood - appointed 20 October 2022

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D A Griffin - Secretary


14 September 2023

Foss Court Management Company Limited (Registered number: 03322251)

Income Statement
for the Year Ended 15 August 2023

2023 2022
£    £   

TURNOVER 13,370 13,440

Administrative expenses 15,129 6,519
OPERATING (LOSS)/PROFIT (1,759 ) 6,921

Interest receivable and similar
income

431

9
(LOSS)/PROFIT BEFORE TAXATION (1,328 ) 6,930

Tax on (loss)/profit - -
(LOSS)/PROFIT FOR THE
FINANCIAL YEAR

(1,328

)

6,930

Foss Court Management Company Limited (Registered number: 03322251)

Balance Sheet
15 August 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 16 16
Cash at bank and in hand 82,356 83,634
82,372 83,650
CREDITORS
Amounts falling due within one year 5 360 310
NET CURRENT ASSETS 82,012 83,340
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,012

83,340

CAPITAL AND RESERVES
Called up share capital 16 16
Retained earnings 81,996 83,324
SHAREHOLDERS' FUNDS 82,012 83,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 15 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 15 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared 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 14 September 2023 and were signed on its behalf by:





G R Bennett - Director


Foss Court Management Company Limited (Registered number: 03322251)

Notes to the Financial Statements
for the Year Ended 15 August 2023

1. STATUTORY INFORMATION

Foss Court Management Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
After reviewing the company's projected future income and expenses, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The directors do not consider that there are any items in the financial statements where these judgements and estimates are considered significant.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents service charges receivable from the residential lessees.

Foss Court Management Company Limited (Registered number: 03322251)

Notes to the Financial Statements - continued
for the Year Ended 15 August 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of its financial instruments.

Basic financial assets:
Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment.

Basic financial liabilities:
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at bank and in hand and short term deposits with an original maturity date of three months or less.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 16 16

Foss Court Management Company Limited (Registered number: 03322251)

Notes to the Financial Statements - continued
for the Year Ended 15 August 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 360 310