Registration number:
Oak Court (Denbridge) Residents Ltd
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Oak Court (Denbridge) Residents Ltd
Statement of Financial Position as at 31 March 2023
Note |
2023 |
2022 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
17 |
17 |
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Retained earnings |
(910) |
(910) |
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Shareholders' deficit |
(893) |
(893) |
For the financial 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.
Director's responsibilities:
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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 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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 Statement of Income and Retained Earnings has been taken.
Approved and authorised by the
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Mr G E Bailey
Director
Company registration number: 06636548
Oak Court (Denbridge) Residents Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
The principal activity of the company is that of the management of real estate.
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Going concern
The director has considered the effect of the Covid-19 pandemic which he belives to have now ended and his view is that there will be no further effect. The company has continued to receive service charges from the leaseholders and the director is confident that the company will be able to continue to meet its financial obligations, as and when they fall due.
Having made enquiries the director has a reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future. Accordingly, the director continues to prepare the financial statements on the going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable in respect of service charges in the ordinary course of the company's activities.
The company recognises revenue based upon service charge expenditure incurred in the year. Amounts are recovered from tenants in advance of expenditure based upon estimated amounts. Amounts received in excess of expenditure incurred are included in creditors.
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.
Oak Court (Denbridge) Residents Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company during the year, was
Debtors |
2023 |
2022 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Other creditors |
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