Lavenham Farm Residents Management Company Limited 05767527 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is that of a management company. Digita Accounts Production Advanced 6.30.9574.0 true 05767527 2022-03-01 2023-02-28 05767527 2023-02-28 05767527 core:CurrentFinancialInstruments 2023-02-28 05767527 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 05767527 bus:SmallEntities 2022-03-01 2023-02-28 05767527 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 05767527 bus:FullAccounts 2022-03-01 2023-02-28 05767527 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 05767527 bus:RegisteredOffice 2022-03-01 2023-02-28 05767527 bus:CompanySecretaryDirector1 2022-03-01 2023-02-28 05767527 bus:Director10 2022-03-01 2023-02-28 05767527 bus:Director11 2022-03-01 2023-02-28 05767527 bus:Director12 2022-03-01 2023-02-28 05767527 bus:Director13 2022-03-01 2023-02-28 05767527 bus:Director14 2022-03-01 2023-02-28 05767527 bus:Director15 2022-03-01 2023-02-28 05767527 bus:Director2 2022-03-01 2023-02-28 05767527 bus:Director3 2022-03-01 2023-02-28 05767527 bus:Director4 2022-03-01 2023-02-28 05767527 bus:Director5 2022-03-01 2023-02-28 05767527 bus:Director6 2022-03-01 2023-02-28 05767527 bus:Director9 2022-03-01 2023-02-28 05767527 bus:CompanyLimitedByGuarantee 2022-03-01 2023-02-28 05767527 countries:AllCountries 2022-03-01 2023-02-28 05767527 2021-03-01 2022-02-28 05767527 2022-02-28 05767527 core:CurrentFinancialInstruments 2022-02-28 05767527 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 05767527

Lavenham Farm Residents Management Company Limited

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Lavenham Farm Residents Management Company Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Lavenham Farm Residents Management Company Limited

Company Information

Directors

Mrs N W Ross

Mr J R Arthurs

Mrs H Case

Mr N J Case

Mrs H A Edwards

Mrs R Lockyer-Sheppard

Mr C V Ross

Mr A N Sheppard

Mr J F Vlietstra

Mrs V A Vlietstra

Mrs C Wood

Mr M T Wood

Mrs E Tattersall

Company secretary

Mrs N W Ross

Registered office

Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

Accountants

Ross & Partners (Bristol) Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

 

Lavenham Farm Residents Management Company Limited

(Registration number: 05767527)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Current assets

 

Debtors

3

3,533

2,893

Cash at bank and in hand

 

5,697

3,183

 

9,230

6,076

Creditors: Amounts falling due within one year

4

(908)

(948)

Net assets

 

8,322

5,128

Capital and reserves

 

Profit and loss account

8,322

5,128

Members' funds

 

8,322

5,128

For the financial year ending 28 February 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 4 November 2023 and signed on its behalf by:
 

.........................................
Mr C V Ross
Director

 

Lavenham Farm Residents Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

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.

Revenue recognition

Turnover comprises management charges received for the management of the Lavenham Farm common areas and are recognised as they are due.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors 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.

Trade creditors

Trade creditors 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Lavenham Farm Residents Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2022 - 14).

3

Debtors

Current

2023
£

2022
£

Trade debtors

3,533

2,893

4

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

500

500

Accruals and deferred income

408

448

908

948