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Company registration number: 01975446
The Undercliffe Management Company Limited
Unaudited filleted financial statements
31 March 2023
The Undercliffe Management Company Limited
Contents
Directors and other information
Accountant's report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
The Undercliffe Management Company Limited
Directors and other information
Directors J Kowalski
Amanda Huntingford
M Wilson
Secretary Andrew Bigley
Company number 01975446
Registered office Unit 2 The Rutherford Centre, Dunlop Road
Hadleigh Road Ind Est
Ipswich
Suffolk
IP2 0UG
Business address Archdeacon's House
Northgate Street
Ipswich
Suffolk
IP1 3BX
Accountant Simon Emmerson
Deeks & King
Unit 2 The Rutherford Centre
Hadleigh Road Ind Est, Dunlop Road
Ipswich
IP2 0UG
Bankers Barclays
Hamilton Road
Felixstowe
Suffolk
The Undercliffe Management Company Limited
Accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of The Undercliffe Management Company Limited
Year ended 31 March 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2023 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Simon Emmerson
Deeks & King
Unit 2 The Rutherford Centre
Hadleigh Road Ind Est, Dunlop Road
Ipswich
IP2 0UG
1 November 2023
The Undercliffe Management Company Limited
Statement of financial position
31 March 2023
2023 2022
Note £ £ £ £
Current assets
Debtors 4 8,338 7,594
Cash at bank and in hand 72,865 68,289
_______ _______
81,203 75,883
Creditors: amounts falling due
within one year 5 ( 2,628) ( 2,448)
_______ _______
Net current assets 78,575 73,435
_______ _______
Total assets less current liabilities 78,575 73,435
_______ _______
Net assets 78,575 73,435
_______ _______
Capital and reserves
Called up share capital 31 31
User defined reserve 1 - 28,353
Profit and loss account 78,544 45,051
_______ _______
Shareholders funds 78,575 73,435
_______ _______
For the year ending 31 March 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 01 November 2023 , and are signed on behalf of the board by:
M Wilson
Director
Company registration number: 01975446
The Undercliffe Management Company Limited
Statement of changes in equity
Year ended 31 March 2023
Called up share capital User defined reserve 1 Profit and loss account Total
£ £ £ £
At 1 April 2021 (as previously reported) 31 - 40,099 40,130
Effects of changes in accounting policies (-) 28,353 (-) 28,353
_______ _______ _______ _______
At 1 April 2021 (restated) 31 28,353 40,099 68,483
Profit for the year 4,952 4,952
_______ _______ _______ _______
Total comprehensive income for the year - - 4,952 4,952
_______ _______ _______ _______
At 31 March 2022 and 1 April 2022 31 - 73,404 73,435
Profit for the year 5,140 5,140
_______ _______ _______ _______
Total comprehensive income for the year - - 5,140 5,140
_______ _______ _______ _______
At 31 March 2023 31 - 78,544 78,575
_______ _______ _______ _______
The Undercliffe Management Company Limited
Notes to the financial statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Unit 2 The Rutherford Centre, Dunlop Road, Hadleigh Road Ind Est, Ipswich, Suffolk, IP2 0UG.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
4. Debtors
2023 2022
£ £
Other debtors 8,338 7,594
_______ _______
5. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 2,384 2,073
Other creditors 244 375
_______ _______
2,628 2,448
_______ _______