IRIS Accounts Production v23.3.0.418 01792201 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh017922012022-03-31017922012023-03-31017922012022-04-012023-03-31017922012021-03-31017922012021-04-012022-03-31017922012022-03-3101792201ns10:Originalns15:EnglandWales2022-04-012023-03-3101792201ns14:PoundSterlingns10:Original2022-04-012023-03-3101792201ns10:Originalns10:Director12022-04-012023-03-3101792201ns10:Original2022-04-012023-03-3101792201ns10:Originalns10:Director22022-04-012023-03-3101792201ns10:Original2023-03-3101792201ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3101792201ns10:Originalns10:SmallEntities2022-04-012023-03-3101792201ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3101792201ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3101792201ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3101792201ns10:Originalns10:FullAccounts2022-04-012023-03-3101792201ns10:Original2021-04-012022-03-3101792201ns10:CompanySecretary1ns10:Original2022-04-012023-03-3101792201ns10:Originalns10:RegisteredOffice2022-04-012023-03-3101792201ns10:Original2022-03-3101792201ns10:Originalns5:CurrentFinancialInstruments2023-03-3101792201ns10:Originalns5:CurrentFinancialInstruments2022-03-3101792201ns5:ShareCapitalns10:Original2023-03-3101792201ns5:ShareCapitalns10:Original2022-03-3101792201ns10:Originalns5:FurnitureFittings2022-04-012023-03-3101792201ns10:Originalns5:FurnitureFittings2022-03-3101792201ns10:Originalns5:FurnitureFittings2023-03-3101792201ns10:Originalns5:FurnitureFittings2022-03-31
REGISTERED NUMBER: 01792201 (England and Wales)














RINGWOOD MANAGEMENT COMPANY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






RINGWOOD MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01792201)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RINGWOOD MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: T.A.R. Frasi
C.A. Kirk



SECRETARY: H.E. Jennings



REGISTERED OFFICE: 137, Station Road,
Chingford,
London
E4 6AG



REGISTERED NUMBER: 01792201 (England and Wales)



ACCOUNTANTS: Cobbin Floyd Ltd
t/a Findlay Wetherfield Scott & Co.,
Chartered Accountants
137, Station Road,
Chingford,
London
E4 6AG



BANKERS: Co-operative Bank plc.,
6, Olympic Court,
Salford,
M5 2QP

RINGWOOD MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01792201)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Debtors 5 1,770 1,502
Cash at bank 4,039 5,213
5,809 6,715
CREDITORS
Amounts falling due within one year 6 5,800 6,706
NET CURRENT ASSETS 9 9
TOTAL ASSETS LESS CURRENT
LIABILITIES

10

10

CAPITAL AND RESERVES
Called up share capital 10 10
SHAREHOLDERS' FUNDS 10 10

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th November 2023 and were signed on its behalf by:




T.A.R. Frasi - Director



C.A. Kirk - Director


RINGWOOD MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01792201)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Ringwood Management Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
Cost
At 1st April 2022
and 31st March 2023 475
Depreciation
At 1st April 2022
and 31st March 2023 474
Net book value
At 31st March 2023 1
At 31st March 2022 1

The company also owns the land on which the flats are erected. The cost of the land was nil.


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 1,770 1,502

RINGWOOD MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01792201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors - 583
Excess received from lessees
for service charges levied 500 500
Held in Trust for lessees 4,587 5,041
Accrued expenses 713 582
5,800 6,706

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Each director is also a shareholder and lessee of the property. Service and other charges were levied under the terms of the leases. Charges made through the service charge account for the period of directorship and the balances due to, or by, each director as at the balance sheet date are:

Service charges:
T.Frasi £900, C.Kirk £900.

There were no balances either due to or from any director at the balance sheet date.

8. ULTIMATE CONTROLLING PARTY

The company has no controlling party.