North Road PO Management Limited 11841817 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is a management company. Digita Accounts Production Advanced 6.30.9574.0 true 11841817 2022-03-01 2023-02-28 11841817 2023-02-28 11841817 core:CurrentFinancialInstruments 2023-02-28 11841817 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 11841817 bus:SmallEntities 2022-03-01 2023-02-28 11841817 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 11841817 bus:FullAccounts 2022-03-01 2023-02-28 11841817 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 11841817 bus:RegisteredOffice 2022-03-01 2023-02-28 11841817 bus:Director1 2022-03-01 2023-02-28 11841817 bus:Director2 2022-03-01 2023-02-28 11841817 bus:CompanyLimitedByGuarantee 2022-03-01 2023-02-28 11841817 countries:AllCountries 2022-03-01 2023-02-28 11841817 2021-03-01 2022-02-28 11841817 2022-02-28 11841817 core:CurrentFinancialInstruments 2022-02-28 11841817 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 11841817

North Road PO Management Limited

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

North Road PO Management Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

North Road PO Management Limited

Company Information

Directors

Mr C V Ross

Mr R Hoy

Registered office

Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

Accountants

Ross & Partners (Bristol) Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

 

North Road PO Management Limited

(Registration number: 11841817)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

30

-

Creditors: Amounts falling due within one year

3

(132)

(136)

Net liabilities

 

(102)

(136)

Capital and reserves

 

Profit and loss account

(102)

(136)

Members' deficit

 

(102)

(136)

For the financial year ending 28 February 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 22 November 2023 and signed on its behalf by:
 

.........................................
Mr C V Ross
Director

 

North Road PO Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

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.

Revenue recognition

Turnover represents the contributions due for the accounting period for the provision of communal services.

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 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 and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

North Road PO Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

3

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

4

-

4

Accruals and deferred income

 

132

132

 

132

136

4

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank overdrafts

-

4