Registered number
04064779
Trinity Court Retirement Management Company Ltd
Filleted Accounts
30 September 2023
Trinity Court Retirement Management Company Ltd
Registered number: 04064779
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 1 1
Current assets
Debtors 5 1,137 943
Cash at bank and in hand 8,273 16,872
9,410 17,815
Creditors: amounts falling due within one year 6 (3,168) (13,869)
Net current assets 6,242 3,946
Net assets 6,243 3,947
Capital and reserves
Called up share capital 17 17
Reserve funds 6,226 3,930
Shareholders' funds 6,243 3,947
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.
Mr S W Benton
Director
Approved by the board on 15 November 2023
Trinity Court Retirement Management Company Ltd
Notes to the Accounts
for the year ended 30 September 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).
Income
Income comprises service charges received from the seventeen freehold property owners.
Tangible fixed assets
In 2008, the Company purchased the freehold land forming the communal areas as shown on the Estate Plan circulated to the shareholders. The Directors are of the opinion that the land will never be sold or developed. Consequently it has no monetary value and the original cost of £850 has been written down to a nominal value of £1.
Taxation
As a mutual non-profit making residents company, there is no liability to corporation tax.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Reserve Funds 2023 2022
£ £
Reserve fund for future works
Balance 1 October 2022 3,930 1,208
Surplus for year from Income and Expenditure 2,296 2,722
Balance 30 September 2023 6,226 3,930
Total Reserve Funds 6,226 3,930
3 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
4 Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2022 1
At 30 September 2023 1
Depreciation
At 30 September 2023 -
Net book value
At 30 September 2023 1
At 30 September 2022 1
Freehold land and buildings: 2023 2022
£ £
Historical cost 850 850
Cumulative depreciation based on historical cost - -
850 850
5 Debtors 2023 2022
£ £
Prepaid expenses 1,137 943
6 Creditors: amounts falling due within one year 2023 2022
£ £
Charges in advance and accrued expenses 3,168 13,869
7 Controlling party
All shareholders together have ultimate control.
8 Other information
Trinity Court Retirement Management Company Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Richmond House
38 High Street
Hurstpierpoint
West Sussex
BN6 9WA
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