8 Arthur Street Management Company Limited 07828168 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is of property management Digita Accounts Production Advanced 6.30.9574.0 true true 07828168 2022-11-01 2023-10-31 07828168 2023-10-31 07828168 core:CurrentFinancialInstruments 2023-10-31 07828168 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 07828168 bus:SmallEntities 2022-11-01 2023-10-31 07828168 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 07828168 bus:FullAccounts 2022-11-01 2023-10-31 07828168 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 07828168 bus:RegisteredOffice 2022-11-01 2023-10-31 07828168 bus:Director1 2022-11-01 2023-10-31 07828168 bus:CompanyLimitedByGuarantee 2022-11-01 2023-10-31 07828168 countries:EnglandWales 2022-11-01 2023-10-31 07828168 2021-11-01 2022-10-31 07828168 2022-10-31 07828168 core:CurrentFinancialInstruments 2022-10-31 07828168 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 07828168

Prepared for the registrar

8 Arthur Street Management Company Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

8 Arthur Street Management Company Limited

(Registration number: 07828168)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

2,220

2,190

Creditors: Amounts falling due within one year

5

(2,220)

(2,190)

Net assets/(liabilities)

 

-

-

Reserves

 

Surplus/(deficit)

 

-

-

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 17 November 2023
 


A S Williamson
Director

 

8 Arthur Street Management Company Limited

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

 

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
28 Westgate Street
Gloucester
Gloucestershire
GL1 2NG

 

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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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 and after eliminating sales within the company.

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.

 

8 Arthur Street Management Company Limited

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

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

4

Debtors

2023
 £

2022
 £

Other debtors

2,220

2,190

 

5

Creditors

2023
 £

2022
 £

Due within one year

Other creditors

1,080

1,080

Accrued expenses

1,140

1,110

2,220

2,190