The Marlowes Residents Company Limited 04021504 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is that of residents property management. Digita Accounts Production Advanced 6.30.9574.0 true true 04021504 2022-09-01 2023-08-31 04021504 2023-08-31 04021504 core:CapitalRedemptionReserve 2023-08-31 04021504 core:RetainedEarningsAccumulatedLosses 2023-08-31 04021504 core:ShareCapital 2023-08-31 04021504 core:CurrentFinancialInstruments 2023-08-31 04021504 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 04021504 core:LandBuildings 2023-08-31 04021504 bus:SmallEntities 2022-09-01 2023-08-31 04021504 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 04021504 bus:FullAccounts 2022-09-01 2023-08-31 04021504 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 04021504 bus:RegisteredOffice 2022-09-01 2023-08-31 04021504 bus:CompanySecretaryDirector1 2022-09-01 2023-08-31 04021504 bus:Director1 2022-09-01 2023-08-31 04021504 bus:Director10 2022-09-01 2023-08-31 04021504 bus:Director13 2022-09-01 2023-08-31 04021504 bus:Director14 2022-09-01 2023-08-31 04021504 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 04021504 core:CapitalRedemptionReserve 2022-09-01 2023-08-31 04021504 core:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 04021504 core:ShareCapital 2022-09-01 2023-08-31 04021504 core:Buildings 2022-09-01 2023-08-31 04021504 countries:EnglandWales 2022-09-01 2023-08-31 04021504 2022-08-31 04021504 core:CapitalRedemptionReserve 2022-08-31 04021504 core:RetainedEarningsAccumulatedLosses 2022-08-31 04021504 core:ShareCapital 2022-08-31 04021504 core:LandBuildings 2022-08-31 04021504 2021-09-01 2022-08-31 04021504 2022-08-31 04021504 core:CapitalRedemptionReserve 2022-08-31 04021504 core:RetainedEarningsAccumulatedLosses 2022-08-31 04021504 core:ShareCapital 2022-08-31 04021504 core:CurrentFinancialInstruments 2022-08-31 04021504 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 04021504 core:LandBuildings 2022-08-31 04021504 core:CapitalRedemptionReserve 2021-09-01 2022-08-31 04021504 core:RetainedEarningsAccumulatedLosses 2021-09-01 2022-08-31 04021504 core:ShareCapital 2021-09-01 2022-08-31 04021504 2021-08-31 04021504 core:CapitalRedemptionReserve 2021-08-31 04021504 core:RetainedEarningsAccumulatedLosses 2021-08-31 04021504 core:ShareCapital 2021-08-31 iso4217:GBP xbrli:pure

Registration number: 04021504

The Marlowes Residents Company Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

The Marlowes Residents Company Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 6

 

The Marlowes Residents Company Limited

Company Information

Directors

Lesley Celia Oliver

Gary James David Middleton

Alexander John Thomson

Emma Silvester

Sheila Ann Cullip-Harwood

Company secretary

Alexander John Thomson

Registered office

7 Wellington Square
Hastings
East Sussex
TN34 1PD

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

The Marlowes Residents Company Limited

(Registration number: 04021504)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

36,000

36,000

Current assets

 

Debtors

5

1,700

1,700

Cash at bank and in hand

 

48,718

33,605

 

50,418

35,305

Creditors: Amounts falling due within one year

6

(6,091)

(3,984)

Net current assets

 

44,327

31,321

Net assets

 

80,327

67,321

Capital and reserves

 

Called up share capital

36

36

Capital redemption reserve

36,000

36,000

Retained earnings

44,291

31,285

Shareholders' funds

 

80,327

67,321

For the financial year ending 31 August 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 October 2023 and signed on its behalf by:
 

.........................................
Alexander John Thomson
Company secretary and director

 

The Marlowes Residents Company Limited

Statement of Changes in Equity for the Year Ended 31 August 2023

Share capital
£

Capital redemption reserve
£

Retained earnings
£

Total
£

At 1 September 2022

36

36,000

31,285

67,321

Profit for the year

-

-

13,006

13,006

At 31 August 2023

36

36,000

44,291

80,327

Share capital
£

Capital redemption reserve
£

Retained earnings
£

Total
£

At 1 September 2021

36

36,000

37,539

73,575

Loss for the year

-

-

(6,254)

(6,254)

At 31 August 2022

36

36,000

31,285

67,321

 

The Marlowes Residents Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Wellington Square
Hastings
East Sussex
TN34 1PD
England

2

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

The Marlowes Residents Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Asset class

Depreciation method and rate

Land and buildings

Nil basis

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.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

The Marlowes Residents Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 September 2022

36,000

36,000

At 31 August 2023

36,000

36,000

Depreciation

Carrying amount

At 31 August 2023

36,000

36,000

At 31 August 2022

36,000

36,000

Included within the net book value of land and buildings above is £36,000 (2022 - £36,000) in respect of freehold land and buildings.
 

5

Debtors

2023
£

2022
£

Trade debtors

1,700

1,700

1,700

1,700

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

5,563

3,048

Accruals and deferred income

528

936

6,091

3,984