Company registration number 5447596 (England and Wales)
CLARENDON DRIVE MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
CLARENDON DRIVE MANAGEMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CLARENDON DRIVE MANAGEMENT LIMITED
BALANCE SHEET
AS AT
31 MAY 2023
31 May 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
20,617
20,617
Current assets
Debtors
5
125
130
Cash at bank and in hand
1,613
2,154
1,738
2,284
Creditors: amounts falling due within one year
6
(2,291)
(1,987)
Net current (liabilities)/assets
(553)
297
Net assets
20,064
20,914
Capital and reserves
Called up share capital
4
4
Other reserves
20,060
20,910
Total equity
20,064
20,914

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 12 February 2024 and are signed on its behalf by:
Mrs Linda Wilbert
Director
Company registration number 5447596 (England and Wales)
CLARENDON DRIVE MANAGEMENT LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023
31 May 2023
- 2 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Clarendon Drive Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 11 Clarendon Drive, London, SW15 1AW.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention.

 

2.2
Turnover

Turnover represents maintenance contributions by the leaseholders on account of the costs of managing the property.

2.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Freehold land and buildings
No depreciation

Freehold land and assets in the course of construction are not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.4
Financial instruments

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

CLARENDON DRIVE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 3 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
4
Tangible fixed assets
Land and buildings
£
Cost
At 1 June 2022 and 31 May 2023
20,617
Depreciation and impairment
At 1 June 2022 and 31 May 2023
-
0
Carrying amount
At 31 May 2023
20,617
At 31 May 2022
20,617
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
125
130
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
587
-
0
Other creditors
1,704
1,987
2,291
1,987
CLARENDON DRIVE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 4 -
7
Purchase of freehold

The freehold of the property at 11 Clarendon Drive, London SW15 was acquired by the company on behalf of the leaseholders on 29 July 2005 for £20617. This was funded by the four leaseholders (or their predecessors) of the flats at 11 Clarendon Drive, London SW15, each providing £5154 to the company. The amount contributed by the leaseholders has been credited direct to a freehold purchase reserve account.

 

The maintenance contributions contributed by the leaseholders are on account of the costs of managing the property and company. The directors have resolved that any surplus or deficit in an accounting period should be transferred to or form a maintenance reserve, the maintenance reserve being of use against current and future costs of management and maintenance of the property.

2023-05-312022-06-01false12 February 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr D RyallsH L DuddingMs J L D Brockhurst LeacockMrs Linda WilbertMr C JohnstonMrs Linda Wilbertfalse54475962022-06-012023-05-3154475962023-05-3154475962022-05-315447596core:LandBuildings2023-05-315447596core:LandBuildings2022-05-315447596core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-315447596core:CurrentFinancialInstrumentscore:WithinOneYear2022-05-315447596core:CurrentFinancialInstruments2023-05-315447596core:CurrentFinancialInstruments2022-05-315447596core:ShareCapital2023-05-315447596core:ShareCapital2022-05-315447596core:OtherMiscellaneousReserve2023-05-315447596core:OtherMiscellaneousReserve2022-05-315447596bus:CompanySecretaryDirector12022-06-012023-05-315447596core:LandBuildingscore:OwnedOrFreeholdAssets2022-06-012023-05-3154475962021-06-012022-05-315447596core:LandBuildings2022-05-315447596core:WithinOneYear2023-05-315447596core:WithinOneYear2022-05-315447596bus:PrivateLimitedCompanyLtd2022-06-012023-05-315447596bus:SmallCompaniesRegimeForAccounts2022-06-012023-05-315447596bus:FRS1022022-06-012023-05-315447596bus:AuditExemptWithAccountantsReport2022-06-012023-05-315447596bus:Director12022-06-012023-05-315447596bus:Director22022-06-012023-05-315447596bus:Director32022-06-012023-05-315447596bus:Director42022-06-012023-05-315447596bus:Director52022-06-012023-05-315447596bus:CompanySecretary12022-06-012023-05-315447596bus:FullAccounts2022-06-012023-05-31xbrli:purexbrli:sharesiso4217:GBP