Registered number
07263943
Pennsylvania Heights Management Company Limited
Service Charge Accounts
30 June 2023
Pennsylvania Heights Management Company Limited
Registered number: 07263943
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 53,898 18,289
Cash at bank: Current account 2,150 4,162
56,048 22,451
Creditors: amounts falling due within one year 4 (53,324) (30,064)
Net current assets/(liabilities) 2,724 (7,613)
Net assets/(liabilities) 2,724 (7,613)
Funded by
Maintenance account 2,724 (7,613)
Shareholder's funds 2,724 (7,613)
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 member has 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.
Edward Fitzsimmons
Director
Approved by the board on 4 March 2024
Pennsylvania Heights Management Company Limited
Notes to the Accounts
for the year ended 30 June 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Maintenance contributions due 52,898 15,802
Other debtors and prepayments 1,000 2,487
53,898 18,289
4 Creditors: amounts falling due within one year 2023 2022
£ £
Maintenance contributions in advance - 63
Amount due to Pen Heights Energy Ltd 8,201 6,958
Amount due to Pennsylvania Heights Management Co. Ltd - 2,750
Other creditors and accruals 45,123 20,293
53,324 30,064
5 Other information
Pennsylvania Heights Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
21a Whitecliff Road
Poole
BH14 8DU
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