St Martins Court (New Block) Management Limited
Registered number: 05331871
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 2 1 1
Current assets
Debtors 3 2,219 989
Cash at bank and in hand 8,926 16,147
11,145 17,136
Creditors: amounts falling due within one year 4 (3,341) (2,299)
Net current assets 7,804 14,837
Net assets 7,805 14,838
Capital and reserves
Called up share capital 23 23
Other members' reserves 5 11,209 11,209
Members surplus funds (3,427) 3,606
Shareholders' funds 7,805 14,838
Number Number
Average number of employees - -
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 members have 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.
C Lamb
Director
Approved by the board on 16 June 2023
St Martins Court (New Block) Management Limited
Notes to the Accounts
for the year ended 31 March 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 represents income recovered from property owners by way of a re-charge of the costs of managing the property on behalf of the owners
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. 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.
Taxation
As a company operated on behalf of the property owners who are responsible for 100% of the company's income, the company has no liability for corporation tax.
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 Tangible fixed assets
Land and buildings
£
Value
At 1 April 2022 1
At 31 March 2023 1
Depreciation
At 31 March 2023 -
Net book value
At 31 March 2023 1
At 31 March 2022 1
The Freehold land and buildings owned by the company are valued at a nominal £1 in recognition of the fact that the substantial majority of the value resides with the long term leaseholders.
3 Debtors 2023 2022
£ £
Members service fees outstanding 930 784
Prepayments 1,289 205
2,219 989
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,739 1,490
Credits due to leaseholders 803 -
Accrued expenses 799 809
3,341 2,299
5 Other reserves 2023 2022
£ £
At 1 April 2022 11,209 11,209
At 31 March 2023 11,209 11,209
6 Other information
St Martins Court (New Block) Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
C/O Nestmoove, 2 Beaufort West, ,
London Road
Bath
BA1 6QB
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