Fallapit House Management Company Limited |
Registered number: |
06708541 |
Directors' Report |
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The directors present their report and accounts for the year ended 30 September 2023. |
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Principal activities |
The company's principal activity during the year continued to be the management of a residential property, Fallapit House, Fallapit Estate, East Allington, Totnes, Devon. |
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Directors |
The following persons served as directors during the year: |
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Mr I A D Robertson |
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Mrs H Mayes |
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Small company provisions |
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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This report was approved by the board on 6 February 2024 and signed on its behalf. |
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Mr I A D Robertson |
Director |
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Fallapit House Management Company Limited |
Registered number: |
06708541 |
Balance Sheet |
as at 30 September 2023 |
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Notes |
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2023 |
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|
2022 |
£ |
£ |
Current assets |
Debtors |
3 |
|
571 |
|
|
833 |
Cash at bank and in hand |
4 |
|
6,417 |
|
|
16,122 |
|
|
|
6,988 |
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|
16,955 |
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Creditors: amounts falling due within one year |
5 |
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(480) |
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(480) |
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Net current assets |
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6,508 |
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|
16,475 |
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Net assets |
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6,508 |
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16,475 |
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Capital and reserves |
Called up share capital |
6 |
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|
8 |
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|
8 |
Sinking fund for future repairs |
7 |
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6,500 |
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16,467 |
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Shareholders' funds |
|
|
|
6,508 |
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16,475 |
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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 members have 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. |
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|
|
Mr I A D Robertson |
Director |
Approved by the board on 6 February 2024 |
|
Fallapit House Management Company Limited |
Notes to the Accounts |
for the year ended 30 September 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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Turnover represents the amounts receivable for services provided during the year and an amount for future repairs. |
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Tangible fixed assets |
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The company owns the freehold of Fallapit House which was transferred to the Company at no value by the developer. |
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Taxation |
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The company had no corporation tax liability for the year. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
- |
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- |
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3 |
Debtors |
2023 |
|
2022 |
£ |
£ |
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Service charge balances due |
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571 |
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833 |
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4 |
Bank accounts |
2023 |
|
2022 |
£ |
£ |
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Bank market call account |
3,965 |
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4,652 |
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Bank community account |
2,452 |
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11,470 |
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|
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|
|
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6,417 |
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16,122 |
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|
|
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5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
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Trade creditors |
480 |
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480 |
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6 |
Share capital |
2023 |
|
2022 |
£ |
£ |
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Authorised Ordinary Shares of £1 |
|
1,000 |
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1,000 |
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Issued and Fully Paid Ordinary Shares of £1 |
8 |
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8 |
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7 |
Sinking funds for future repairs |
2023 |
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2022 |
£ |
£ |
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At 1 October 2022 |
16,467 |
|
13,967 |
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Transfer to Sinking fund |
(9,967) |
|
2,500 |
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At 30 September 2023 |
6,500 |
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16,467 |
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In accordance with the terms of the agreements entered into by the owners of the apartments in Fallapit House the company has a resposibility to maintain the structure of the freehold property. There is no requirement in the agreements to provide in advance for major repairs but the owners agreed that a sinking fund for future major repairs be created from 1 October 2014 at the rate of £2,500 per annum. |
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8 |
Other information |
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Fallapit House Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Fallapit House |
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Fallapit Estate |
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East Allington |
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Devon |
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TQ9 7AT |