Registered number
08945462
Church Cottages (Nordelph) Management Company Limited
Filleted Accounts
31 March 2023
Church Cottages (Nordelph) Management Company Limited
Registered number: 08945462
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 379 281
Cash at bank and in hand 6 6
385 287
Creditors: amounts falling due within one year 4 (379) (281)
Net current assets 6 6
Net assets 6 6
Capital and reserves
Called up share capital 6 6
Shareholders' funds 6 6
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T Thompson
Director
Approved by the board on 9 November 2023
Church Cottages (Nordelph) Management Company Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
The company is a property management company and does not trade. All receipts are fees from the members that are used to defray shared costs. So the company has no tax liabilities.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Other debtors 379 281
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 235 131
Other creditors 144 150
379 281
5 Other information
Church Cottages (Nordelph) Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
1-6 Church Cottages, High Street
Nordelph
Downham Market
Norfolk
PE38 0BL
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