45 Champion Road Management Company Limited
Unaudited Financial Statements
For the period ended 31 March 2023
Pages for Filing with Registrar
Company Registration No. 13907693 (England and Wales)
45 Champion Road Management Company Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
45 Champion Road Management Company Limited
Balance Sheet
As at 31 March 2023
Page 1
2023
Notes
£
£
Current assets
Debtors
3
600
Cash at bank and in hand
6,828
7,428
Creditors: amounts falling due within one year
4
(7,428)
Net current assets
-
0
Reserves
5
-

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial period ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 10 November 2023 and are signed on its behalf by:
K C Casey
Director
Company Registration No. 13907693
45 Champion Road Management Company Limited
Notes to the Financial Statements
For the period ended 31 March 2023
Page 2
1
Accounting policies
Company information

45 Champion Road Management Company Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ.

1.1
Reporting period

The annual financial statements are presented for a period shorter than one year, due to the company being incorporated on 10 February 2022.

1.2
Accounting convention

These financial statements have been prepared in accordance with Section 1a of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

 

Expenses include VAT where applicable as the company cannot reclaim it.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.6
Taxation

The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
Number
Total
-
0
45 Champion Road Management Company Limited
Notes to the Financial Statements (Continued)
For the period ended 31 March 2023
Page 3
3
Debtors
2023
Amounts falling due within one year:
£
Service charges due
600
4
Creditors: amounts falling due within one year
2023
£
Accruals and deferred income
7,428
5
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

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