Bunwell Management Limited 05746080 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is a property management company on a not for profit basis. Digita Accounts Production Advanced 6.30.9574.0 true 05746080 2022-04-01 2023-03-31 05746080 2023-03-31 05746080 core:OtherReservesSubtotal 2023-03-31 05746080 core:RetainedEarningsAccumulatedLosses 2023-03-31 05746080 core:CurrentFinancialInstruments 2023-03-31 05746080 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05746080 bus:SmallEntities 2022-04-01 2023-03-31 05746080 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05746080 bus:FullAccounts 2022-04-01 2023-03-31 05746080 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 05746080 bus:RegisteredOffice 2022-04-01 2023-03-31 05746080 bus:Director6 2022-04-01 2023-03-31 05746080 bus:Director7 2022-04-01 2023-03-31 05746080 bus:CompanyLimitedByGuarantee 2022-04-01 2023-03-31 05746080 countries:EnglandWales 2022-04-01 2023-03-31 05746080 2021-04-01 2022-03-31 05746080 2022-03-31 05746080 core:OtherReservesSubtotal 2022-03-31 05746080 core:RetainedEarningsAccumulatedLosses 2022-03-31 05746080 core:CurrentFinancialInstruments 2022-03-31 05746080 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 05746080

Bunwell Management Limited

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Bunwell Management Limited

Contents


 

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 4

 

Bunwell Management Limited

Registration number: 05746080

Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

156

150

Cash at bank and in hand

 

11,705

8,863

 

11,861

9,013

Creditors: Amounts falling due within one year

5

(958)

(967)

Net assets

 

10,903

8,046

Capital and reserves

 

Reserve fund

3,701

3,451

Accumulated income and expenditure

7,202

4,595

Members' funds

 

10,903

8,046



The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

 

Bunwell Management Limited

Registration number: 05746080

Balance Sheet as at 31 March 2023 (continued)

For the financial year ending 31 March 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 Income and Expenditure Account.

Approved and authorised by the Board on 1 November 2023 and signed on its behalf by:
 


I A Dunn
Director


A P Brooks
Director

 

Bunwell Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Wymondham Business Centre
1 Town Green
Wymondham
Norfolk
NR18 0PN
England

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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the service charges in respect of the property managed by the company.

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.

 

Bunwell Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

Reserves

The reserve fund has been established to provide funds to meet the costs of major repairs.

Any shortfall in the general reserves resulting from expenditure incurred will be recharged to the owners.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2022 - 7).

4

Debtors

Current

2023
£

2022
£

Prepayments

145

150

Other debtors

11

-

 

156

150

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

-

32

Accrued expenses

 

955

932

Amounts received in advance

 

3

3

 

958

967