COMPANY REGISTRATION NUMBER:
04413560
Lodge Moor Open Space Management Company Limited |
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Company Limited by Guarantee |
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Filleted Unaudited Financial Statements |
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Lodge Moor Open Space Management Company Limited |
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Company Limited by Guarantee |
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Year ended 31 December 2023
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
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Statement of financial position |
2 |
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Notes to the financial statements |
3 to 4 |
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Lodge Moor Open Space Management Company Limited |
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Company Limited by Guarantee |
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Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Lodge Moor Open Space Management Company Limited |
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Year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lodge Moor Open Space Management Company Limited for the year ended 31 December 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Lodge Moor Open Space Management Company Limited, as a body, in accordance with the terms of our engagement letter dated 11 January 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Lodge Moor Open Space Management Company Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lodge Moor Open Space Management Company Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Lodge Moor Open Space Management Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lodge Moor Open Space Management Company Limited. You consider that Lodge Moor Open Space Management Company Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Lodge Moor Open Space Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HEBBLETHWAITES
Chartered Accountants
2 Westbrook Court
Sharrow Vale Road
Sheffield
S11 8YZ
12 February 2024
Lodge Moor Open Space Management Company Limited |
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Company Limited by Guarantee |
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Statement of Financial Position |
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31 December 2023
Current assets
Cash at bank and in hand |
191,317 |
181,937 |
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Creditors: amounts falling due within one year |
5 |
(
191,317) |
(
181,937) |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
2 February 2024
, and are signed on behalf of the board by:
Mr F P Ellis |
Mr S L Kay |
Director |
Director |
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Company registration number:
04413560
Lodge Moor Open Space Management Company Limited |
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Company Limited by Guarantee |
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Notes to the Financial Statements |
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Year ended 31 December 2023
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is c/o Hebblethwaites, 2 Westbrook Court, Sharrow Vale Road, Sheffield, S11 8YZ.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of management, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, subject to those highlighted below.
Taxation
Tax charges are recognised purely in relation to interest received and receivable, this being the only source of taxable income to the company. Deferred tax is provided where any items of income or expenditure in taxation computations differ, from a timing perspective, to those reflected in the company accounts.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Company limited by guarantee
The company is limited by guarantee with all 274 members contributions guaranteed at an amount not exceeding £1 each.
5.
Creditors:
amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
Corporation tax |
486 |
64 |
Other creditors |
190,831 |
181,873 |
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191,317 |
181,937 |
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The "other creditors" total relates to funds held in bank accounts in the name of the limited company but which properly belong to the trust and management scheme. All bank balances held at the year end are therefore matched by an equivalent liability to the trust and management scheme reflected as the aforesaid creditor.