Summer Court (Park Road) Management Limited 5475948 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is residential property management of the property known as Summer Court, 12 Park Road, Southborough, Tunbridge Wells, Kent Digita Accounts Production Advanced 6.30.9574.0 true true 5475948 2022-07-01 2023-06-30 5475948 2023-06-30 5475948 core:RetainedEarningsAccumulatedLosses 2023-06-30 5475948 core:ShareCapital 2023-06-30 5475948 core:CurrentFinancialInstruments 2023-06-30 5475948 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 5475948 bus:SmallEntities 2022-07-01 2023-06-30 5475948 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 5475948 bus:FullAccounts 2022-07-01 2023-06-30 5475948 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 5475948 bus:RegisteredOffice 2022-07-01 2023-06-30 5475948 bus:CompanySecretary1 2022-07-01 2023-06-30 5475948 bus:Director3 2022-07-01 2023-06-30 5475948 bus:Director4 2022-07-01 2023-06-30 5475948 bus:Director5 2022-07-01 2023-06-30 5475948 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 5475948 bus:Agent1 2022-07-01 2023-06-30 5475948 countries:EnglandWales 2022-07-01 2023-06-30 5475948 2021-07-01 2022-06-30 5475948 2022-06-30 5475948 core:RetainedEarningsAccumulatedLosses 2022-06-30 5475948 core:ShareCapital 2022-06-30 5475948 core:CurrentFinancialInstruments 2022-06-30 5475948 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 5475948

Summer Court (Park Road) Management Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Summer Court (Park Road) Management Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Summer Court (Park Road) Management Limited

Company Information

Directors

Laura Siobhan Keane

Matthew Bridgeman

Joan Gaze

Company secretary

DMG Property Management Limited

Registered office

Suite 7 Aspect House
Pattenden Lane
Marden
Kent
TN12 9QJ

Bankers

NatWest Maidstone
3 High Street
Maidstone
Kent
ME14 1HJ

Accountants

Manningtons
Victoria House The Moor
Hawkhurst
Kent
TN18 4NR

 

Summer Court (Park Road) Management Limited

(Registration number: 5475948)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

5,579

10,387

Cash at bank and in hand

 

-

66

 

5,579

10,453

Creditors: Amounts falling due within one year

5

(1,075)

(512)

Net assets

 

4,504

9,941

Capital and reserves

 

Called up share capital

8

8

Retained earnings

4,496

9,933

Shareholders' funds

 

4,504

9,941

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 October 2023 and signed on its behalf by:
 

.........................................
Joan Gaze
Director

 

Summer Court (Park Road) Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 7 Aspect House
Pattenden Lane
Marden
Kent
TN12 9QJ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Service charges comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Service charges is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Summer Court (Park Road) Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Service charge arrears

Service charge arrears are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Service charge arrears are recognised at the transaction price, less provision for impairment. A provision for the impairment of service charge arrears is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Service charges paid in advance

Service charges paid in advance 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Service charges paid in advance are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Summer Court (Park Road) Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Debtors

2023
£

2022
£

Service charge arrears

-

122

Prepayments

1,368

188

Other debtors

4,211

10,077

5,579

10,387

Other debtors includes a sum of £4,211 (2022 - £10,077) held in the name of the company in a client account of the appointed agent for the leaseholders.

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Service charges paid in advance

14

14

Other creditors

1,061

498

1,075

512