Registered number
02384730
Hadleigh Court Management Company Limited
Filleted Accounts
30 September 2023
Hadleigh Court Management Company Limited
Registered number: 02384730
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,314 4,690
Current assets
Debtors 4 5,108 4,604
Cash at bank held in trust 15,571 19,979
20,679 24,583
Creditors: amounts falling due within one year 5 (1,337) (1,699)
Net current assets 19,342 22,884
Net assets 23,656 27,574
Capital and reserves
Called up share capital 19 19
Sinking fund 6 55,058 55,058
Profit and loss account (31,421) (27,503)
Shareholders' funds 23,656 27,574
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.
Mr S Contractor
Director
Approved by the board on 6 October 2023
Hadleigh Court Management Company Limited
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 represents service charge due from the tenants.
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 2% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
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
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2022 4,785 10,487 15,272
At 30 September 2023 4,785 10,487 15,272
Depreciation
At 1 October 2022 2,268 8,314 10,582
Charge for the year 50 326 376
At 30 September 2023 2,318 8,640 10,958
Net book value
At 30 September 2023 2,467 1,847 4,314
At 30 September 2022 2,517 2,173 4,690
4 Debtors 2023 2022
£ £
Trade debtors 4,445 4,276
Other debtors 663 328
5,108 4,604
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 1,337 1,699
6 Sinking fund 2023 2022
£ £
At 1 October 2022 55,058 51,458
Movement during the year - 3,600
At 30 September 2023 55,058 55,058
7 Controlling party
In view of nature of the entity, there is no ultimate controlling party.
8 Other information
Hadleigh Court Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
12 Clyde Road
Wallington
Surrey
SM6 8PZ
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