Camden Court Residents Management Ltd 02519947 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is ownership and management of the freehold property known as Camden Court, Camden Road, Brecon. Digita Accounts Production Advanced 6.30.9574.0 Software true 02519947 2022-04-01 2023-03-31 02519947 2023-03-31 02519947 core:RetainedEarningsAccumulatedLosses 2023-03-31 02519947 core:ShareCapital 2023-03-31 02519947 core:CurrentFinancialInstruments 2023-03-31 02519947 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02519947 core:LandBuildings 2023-03-31 02519947 bus:SmallEntities 2022-04-01 2023-03-31 02519947 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 02519947 bus:FullAccounts 2022-04-01 2023-03-31 02519947 bus:RegisteredOffice 2022-04-01 2023-03-31 02519947 bus:CompanySecretary1 2022-04-01 2023-03-31 02519947 bus:Director10 2022-04-01 2023-03-31 02519947 bus:Director5 2022-04-01 2023-03-31 02519947 bus:Director6 2022-04-01 2023-03-31 02519947 bus:Director7 2022-04-01 2023-03-31 02519947 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02519947 core:LandBuildings 2022-04-01 2023-03-31 02519947 countries:AllCountries 2022-04-01 2023-03-31 02519947 2022-03-31 02519947 core:LandBuildings 2022-03-31 02519947 2021-04-01 2022-03-31 02519947 2022-03-31 02519947 core:RetainedEarningsAccumulatedLosses 2022-03-31 02519947 core:ShareCapital 2022-03-31 02519947 core:CurrentFinancialInstruments 2022-03-31 02519947 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 02519947 core:LandBuildings 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 02519947

Camden Court Residents Management Ltd

Annual Report and

Unaudited Financial Statements


for the Year Ended 31 March 2023

 

Camden Court Residents Management Ltd

Contents

Company Information

1

Profit and Loss Account and Statement of Retained Earnings

2

Balance Sheet

3

Notes to the Financial Statements

4 to 6

 

Camden Court Residents Management Ltd

Company Information

Directors

Mr P E C Brooke

Mr J Brookes

Mrs J Lambert

Mr K Goodley

Company secretary

Mr P E C Brooke

Registered office

Flat 4
Camden Court
Camden Road
Brecon
Powys
LD3 7RP
 

Solicitors

Jeffreys & Powell
4 Lion Street
Brecon
Powys
LD3 7AU
 

Accountants

WJ James & Co
Chartered Accountants
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

Camden Court Residents Management Ltd

Statement of Income and Retained Earnings
for the Year Ended 31 March 2023

Note

2023
£

2022
£

Turnover

 

23,545

21,633

Administrative expenses

 

(8,957)

(17,863)

Operating profit

 

14,588

3,770

Other interest receivable and similar income

 

-

2

 

-

2

Profit before tax

14,588

3,772

Taxation

 

-

1,424

Profit for the financial year

 

14,588

5,196

Retained earnings brought forward

 

40,193

34,997

Retained earnings carried forward

 

54,781

40,193

 

Camden Court Residents Management Ltd

(Registration number: 02519947)

Balance Sheet
as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1

1

Current assets

 

Debtors

5

-

1

Cash at bank and in hand

 

56,386

41,969

 

56,386

41,970

Creditors: Amounts falling due within one year

6

(1,587)

(1,759)

Net current assets

 

54,799

40,211

Net assets

 

54,800

40,212

Capital and reserves

 

Called up share capital

19

19

Profit and loss account

54,781

40,193

Total equity

 

54,800

40,212

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.

The profit and loss account and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 23 October 2023 and signed on its behalf by:
 

.........................................

Mr J Brookes

Director

 

Camden Court Residents Management Ltd

Notes to the Financial Statements
for the Year Ended 31 March 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:
Flat 4
Camden Court
Camden Road
Brecon
Powys
LD3 7RP
United Kingdom

These financial statements were authorised for issue by the Board on 23 October 2023.

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.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £1.

Revenue recognition

Turnover represents management charges and ground rents levied during the year.

Tax

The tax expense for the period comprises current tax.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the Uk, which is the country in which the company operates and generates taxable income.

There is no tax charged on the operating activities of the company as these are covered by the principle of mutuality. Corporation tax is chargeable on the interest received by the company at the rate of 19%.

Tangible assets

Tangible assets are stated in the statement of financial position at cost. These consist of the company's freehold property of Camden Court, Camden Road, Brecon.

Depreciation

No depreciation is provided in respect of the company's freehold property which is stated at its cost price of £1.

 

Camden Court Residents Management Ltd

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

Asset class

Depreciation method and rate

Freehold property

Nil

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from tenants for ground rent and service charges.

Trade debtors are stated at the transaction value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade creditors are stated at the transaction value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash received .

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2022

1

1

At 31 March 2023

1

1

Depreciation

Carrying amount

At 31 March 2023

1

1

At 31 March 2022

1

1

Included within the net book value of land and buildings above is £1 (2022 - £1) in respect of freehold land and buildings.
 

 

Camden Court Residents Management Ltd

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

5

Debtors

2023
£

2022
£

Other debtors

-

1

-

1

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

1,587

1,759