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Company registration number: 2970884
HOMEFIELDS MANAGEMENT COMPANY LIMITED
Unaudited filleted financial statements
30 September 2023
HOMEFIELDS MANAGEMENT COMPANY LIMITED
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
HOMEFIELDS MANAGEMENT COMPANY LIMITED
Directors and other information
Director L A Moore
Secretary Mrs P M Schroeder
Company number 2970884
Registered office 3 Newopaul Way
Warminster
Wiltshire
BA12 8RY
Business address C/O Old Railway Yard
Haybridge
WELLS
BA5 1AH
Accountants Robinson Miller
3 Newopaul Way
Warminster
Wiltshire
BA12 8RY
HOMEFIELDS MANAGEMENT COMPANY LIMITED
Statement of financial position
30th September 2023
2023 2022
Note £ £ £ £
Current assets
Debtors 4 487 276
Cash at bank and in hand - 118
_______ _______
487 394
Creditors: amounts falling due
within one year 5 ( 119) ( 26)
_______ _______
Net current assets 368 368
_______ _______
Total assets less current liabilities 368 368
_______ _______
Net assets 368 368
_______ _______
Capital and reserves
Called up share capital 6 6
Profit and loss account 362 362
_______ _______
Shareholders funds 368 368
_______ _______
For the year ending 30 September 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 financial statements for the year in question in accordance with section 476;
- The director acknowledges 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 26 October 2023 , and are signed on behalf of the board by:
L A Moore
Director
Company registration number: 2970884
HOMEFIELDS MANAGEMENT COMPANY LIMITED
Notes to the financial statements
Year ended 30th September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Newopaul Way, Warminster, Wiltshire, BA12 8RY.
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'. The Triennial review 2017 amendments to the standard have been early adopted.
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 and represents amounts receivable in respect of management fees and service charges rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Tax where applicable would be recognised in the Income Statement, except to the extent that it related to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.At the current time the company is registered as a flat managment company, is not trading for profit and is not liable to taxation on any temporary surplus.No deferred tax charge is currently required.
4. Debtors
2023 2022
£ £
Trade debtors 46 40
Other debtors 441 236
_______ _______
487 276
_______ _______
5. Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 119 26
_______ _______
6. Reconciliation of amounts held on behalf of Leaseholders
2022 2,022
£ £
Service charges levied in the year 3,060 1,986
Insurance costs in the year (1,065) (656)
Grass Cutting, redecoration and repairs (1,304) (625)
Accountancy and other professional fees (499) (435)
Electrical Works and costs (152) (155)
Bank Apology Monies 200
Other Costs - (125)
_______ | _______ |
240 (10)
_______ | _______ |
Leaseholder Balance Sheet at the year end
Bank balances held on behalf of leaseholders
by Homefields Management Company Limited - 2,632
Amounts owed by Leaseholders to the Sinking Fund 3,685 2,575
Prepayments 1,108 983
Accruals (720) (491)
Amounts owed to Robinson Miller - -
Amounts owed to L A Moore Limited (3,485) (5,351)
_______ | _______ |
Closing Value of Sinking Fund 588 348
_______ | _______ |
"Sinking Fund" value brought forward 348 358
Surplus/Deficit for the year 240 (10)
_______ | _______ |
Closing Value of Sinking Fund 588 348
_______ | _______ |
HOMEFIELDS MANAGEMENT COMPANY LIMITED
The following pages do not form part of the statutory accounts.
HOMEFIELDS MANAGEMENT COMPANY LIMITED
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of HOMEFIELDS MANAGEMENT COMPANY LIMITED
Year ended 30th September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HOMEFIELDS MANAGEMENT COMPANY LIMITED for the year ended 30th September 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of HOMEFIELDS MANAGEMENT COMPANY LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of HOMEFIELDS MANAGEMENT COMPANY LIMITED and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HOMEFIELDS MANAGEMENT COMPANY LIMITED and its director as a body for our work or for this report.
It is your duty to ensure that HOMEFIELDS MANAGEMENT COMPANY LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of HOMEFIELDS MANAGEMENT COMPANY LIMITED. You consider that HOMEFIELDS MANAGEMENT COMPANY LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of HOMEFIELDS MANAGEMENT COMPANY LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Robinson Miller
3 Newopaul Way
Warminster
Wiltshire
BA12 8RY
26th October 2023