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REGISTERED NUMBER: 01450580 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

RAVENSCROFT COURT MANAGEMENT COMPANY
LIMITED

RAVENSCROFT COURT MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 01450580)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RAVENSCROFT COURT MANAGEMENT COMPANY
LIMITED

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Ms K E Bellord
M J Dancy
R Jenner
A G Mitchell
Ms M A Kingscott-Jackson





REGISTERED OFFICE: Penns Cottage
Horsham Road
Steyning
BN44 3LJ





REGISTERED NUMBER: 01450580 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

RAVENSCROFT COURT MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 01450580)

Balance Sheet
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £   
CURRENT ASSETS
Debtors 3 3,019 5,726
Cash at bank 20,099 38,257
23,118 43,983
CREDITORS
Amounts falling due within one year 4 4,291 7,940
NET CURRENT ASSETS 18,827 36,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,827

36,043

CAPITAL AND RESERVES
Called up share capital 27 27
Cyclical maintenance 5,548 25,966
Retained earnings 13,252 10,050
SHAREHOLDERS' FUNDS 18,827 36,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





M J Dancy - Director


RAVENSCROFT COURT MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 01450580)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared as the financial statements for the resident management company acting as principal for all transactions during the year. Because of this, transactions entered into have been recognised in the profit and loss report, as per guidance from ICAEW Tech03/11. The cash balance held by the company is being held on trust for the lessees in accordance with the Landlords and Tenants Act 1987, and is not an asset of the company.

Turnover
Turnover represents service charges payable towards the management of property known as Ravenscroft Court, North Parade, Horsham, West Sussex.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 3,019 1,069
Prepayments - 4,657
3,019 5,726

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Payments on account 485 35
Trade creditors 1,169 5,371
Other creditors 50 -
Accrued expenses 2,587 2,534
4,291 7,940

5. DETAILS OF REPAIRS TO PROPERTY

£

Inspect brick spandrels 185
Gutter clean 820
Ease fire doors 90
Remove bike locks 119
Move bar under stairs 170


1,384

RAVENSCROFT COURT MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 01450580)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6. RESERVES

Retained Reserve TOTALS
earnings fund


At 30 September 2022 10,050 25,966 36,016
Surplus for the year 8,202 8,202
16,992 25,966 44,218
Transfer of reserves (9,000 ) 9,000 -
Fire doors replacement (10,663 ) (10,663 )
New carpets (14,755 ) (14,755 )
At 30 September 2023 9,252 9,548 18,800