Registered number
04462177
Shalem Court Management Co. Ltd.
Unaudited Filleted Accounts
30 September 2023
Shalem Court Management Co. Ltd.
Registered number: 04462177
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5 5
Current assets
Debtors 4 3,033 1,698
Cash at bank and in hand 14,512 27,939
17,545 29,637
Creditors: amounts falling due within one year 5 (553) (1,541)
Net current assets 16,992 28,096
Total assets less current liabilities 16,997 28,101
Creditors: amounts falling due after more than one year 6 - (14,000)
Net assets 16,997 14,101
Capital and reserves
Profit and loss account 16,997 14,101
Shareholder's funds 16,997 14,101
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
CM Fryatt
Director
Approved by the board on 27 November 2023
Shalem Court Management Co. Ltd.
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 33.33% per annum reducing balance
Fixtures, fittings, tools and equipment over 5 years
Debtors
Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 11,680
At 30 September 2023 11,680
Depreciation
At 1 October 2022 11,675
At 30 September 2023 11,675
Net book value
At 30 September 2023 5
At 30 September 2022 5
4 Debtors 2023 2022
£ £
Other debtors - prepaid insurance 3,033 1,698
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 553 1,541
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors - 14,000
These are loans from property owners to fund major repairs completed in 2020
7 Other information
Shalem Court Management Co. Ltd. is a private company limited by guarantee and incorporated in England. Its registered office is:
No. 5 Shalem Court
Teehey Lane
Bebington
Wirral
CH63 2JB
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