Mellingey Mill Flats Management Company Limited 02234814 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is managing and administering the maintenance and repair of the Mellingey Mill Flats and is concerned with the upkeep and improvement of the amenities of those flats Digita Accounts Production Advanced 6.30.9574.0 true true 02234814 2022-04-01 2023-03-31 02234814 2023-03-31 02234814 bus:OrdinaryShareClass1 2023-03-31 02234814 core:CurrentFinancialInstruments 2023-03-31 02234814 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02234814 bus:SmallEntities 2022-04-01 2023-03-31 02234814 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 02234814 bus:AbridgedAccounts 2022-04-01 2023-03-31 02234814 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 02234814 bus:RegisteredOffice 2022-04-01 2023-03-31 02234814 bus:CompanySecretary1 2022-04-01 2023-03-31 02234814 bus:Director3 2022-04-01 2023-03-31 02234814 bus:Director4 2022-04-01 2023-03-31 02234814 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 02234814 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02234814 countries:EnglandWales 2022-04-01 2023-03-31 02234814 2021-04-01 2022-03-31 02234814 2022-03-31 02234814 bus:OrdinaryShareClass1 2022-03-31 02234814 core:CurrentFinancialInstruments 2022-03-31 02234814 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02234814

Mellingey Mill Flats Management Company Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2023

 

Mellingey Mill Flats Management Company Limited

 

Contents

Company Information

1

Abridged Statement of Financial Position

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Mellingey Mill Flats Management Company Limited

 

Company Information

Directors

Mr K Green

Mr A R Byfield

Company secretary

Mr B Byfield

Registered office

Ground Floor, Unit 3 Southview House St Austell Enterprise Park
Carclaze Down
St Austell
Cornwall
PL25 4EJ

Accountants

Harland Accountants
Ground Floor, Unit 3 Southview House
St Austell Enterprise Park
Carclaze Down
St Austell
Cornwall
PL25 4EJ

 

Mellingey Mill Flats Management Company Limited

 

(Registration number: 02234814)
Abridged Statement of Financial Position as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Debtors

-

600

Cash at bank and in hand

 

1,262

2,730

 

1,262

3,330

Prepayments and accrued income

 

1,073

876

Payables Only: Amounts falling due within one year

(114)

-

Total assets less current liabilities

 

2,221

4,206

Accruals and deferred income

 

(378)

(360)

Net assets

 

1,843

3,846

Equity

 

Called up share capital

4

4

4

Other reserves

2,820

2,820

Retained earnings

(981)

1,022

Shareholders' funds

 

1,843

3,846

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.

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.

All of the company’s members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

 

Mellingey Mill Flats Management Company Limited

 

(Registration number: 02234814)
Abridged Statement of Financial Position as at 31 March 2023

Approved and authorised by the Board on 13 November 2023 and signed on its behalf by:
 

.........................................

Mr K Green

Director

.........................................

Mr A R Byfield

Director

 

Mellingey Mill Flats Management Company Limited

 

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor, Unit 3 Southview House St Austell Enterprise Park
Carclaze Down
St Austell
Cornwall
PL25 4EJ

These financial statements were authorised for issue by the Board on 13 November 2023.

2

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 abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Mellingey Mill Flats Management Company Limited

 

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

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.

Receivables

Receivables are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Payables

Payables 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.

Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Mellingey Mill Flats Management Company Limited

 

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

4

4

4

4