Registered number
03207524
Mason Court (Hinckley) Management Company Limited
Filleted Accounts
30 June 2023
Mason Court (Hinckley) Management Company Limited
Registered number: 03207524
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 7,251 7,251
Current assets
Debtors 4 2,000 3,290
Cash at bank and in hand 14,884 10,839
16,884 14,129
Creditors: amounts falling due within one year 5 (313) (2,040)
Net current assets 16,571 12,089
Net assets 23,822 19,340
Capital and reserves
Called up share capital 7,000 7,000
Sinking fund reserve 3,626 3,600
Profit and loss account 13,196 8,740
Shareholders' funds 23,822 19,340
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.
Mrs D Harries
Director
Approved by the board on 8 November 2023
Mason Court (Hinckley) Management Company Limited
Notes to the Accounts
for the year ended 30 June 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 rendering of services and is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold on buildings Not provided
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2022 7,251
At 30 June 2023 7,251
Depreciation
At 30 June 2023 -
Net book value
At 30 June 2023 7,251
At 30 June 2022 7,251
4 Debtors 2023 2022
£ £
Trade debtors - 1,938
Other debtors 2,000 1,352
2,000 3,290
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 1,650
Other creditors 313 390
313 2,040
6 Other information
Mason Court (Hinckley) Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
14 Mason Court
Coventry Road
Hinckley
Leicestershire
LE10 0JY
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