Regent Court (Blackpool) Management Company Limited 01141823 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is is the management of Regent Court, North Promenade, Blackpool Digita Accounts Production Advanced 6.30.9574.0 Software true 01141823 2023-01-01 2023-12-31 01141823 2023-12-31 01141823 core:CurrentFinancialInstruments 2023-12-31 01141823 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 01141823 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 01141823 core:LandBuildings 2023-12-31 01141823 bus:SmallEntities 2023-01-01 2023-12-31 01141823 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01141823 bus:FullAccounts 2023-01-01 2023-12-31 01141823 bus:RegisteredOffice 2023-01-01 2023-12-31 01141823 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 01141823 bus:Director2 2023-01-01 2023-12-31 01141823 bus:Director3 2023-01-01 2023-12-31 01141823 bus:Director4 2023-01-01 2023-12-31 01141823 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 01141823 core:Land 2023-01-01 2023-12-31 01141823 countries:England 2023-01-01 2023-12-31 01141823 2022-12-31 01141823 core:LandBuildings 2022-12-31 01141823 2022-01-01 2022-12-31 01141823 2022-12-31 01141823 core:CurrentFinancialInstruments 2022-12-31 01141823 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 01141823 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 01141823 core:LandBuildings 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 01141823

Regent Court (Blackpool) Management Company Limited

trading as Regent Court (Blackpool) Management Co. Ltd

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Regent Court (Blackpool) Management Company Limited

trading as Regent Court (Blackpool) Management Co. Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Regent Court (Blackpool) Management Company Limited

trading as Regent Court (Blackpool) Management Co. Ltd

Company Information

Directors

Mr Stuart Michael Reynolds

Mr Mark Entwistle

Mr Alan Paul Lacey Hill

Mr Gary David Fletcher

Company secretary

Mr Stuart Michael Reynolds

Registered office

Regent Court
204 North Promenade
Blackpool
Lancashire
FY1 1RT

Accountants

Beckett Rawcliffe Limited
Chartered Accountants
Unit 17, Beckett House
Sovereign Court
Wyrefields
Poulton Le Fylde
Lancashire
FY6 8JX

 

Regent Court (Blackpool) Management Company Limited

trading as Regent Court (Blackpool) Management Co. Ltd

(Registration number: 01141823)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,942

3,942

Current assets

 

Debtors

5

19,083

15,265

Cash at bank and in hand

 

30,252

26,995

 

49,335

42,260

Creditors: Amounts falling due within one year

6

(10,055)

(3,464)

Net current assets

 

39,280

38,796

Total assets less current liabilities

 

43,222

42,738

Creditors: Amounts falling due after more than one year

6

(5,580)

(5,580)

Net assets

 

37,642

37,158

Reserves

 

Other reserves

30,217

30,217

Retained earnings

7,425

6,941

Surplus

 

37,642

37,158

For the financial 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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 6 March 2024 and signed on its behalf by:
 

.........................................
Mr Stuart Michael Reynolds
Company secretary and director

   
     
 

Regent Court (Blackpool) Management Company Limited

trading as Regent Court (Blackpool) Management Co. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Regent Court
204 North Promenade
Blackpool
Lancashire
FY1 1RT

These financial statements were authorised for issue by the Board on 6 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Regent Court (Blackpool) Management Company Limited

trading as Regent Court (Blackpool) Management Co. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Land

No provision

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

Regent Court (Blackpool) Management Company Limited

trading as Regent Court (Blackpool) Management Co. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2023

3,942

3,942

At 31 December 2023

3,942

3,942

Depreciation

Carrying amount

At 31 December 2023

3,942

3,942

At 31 December 2022

3,942

3,942

Included within the net book value of land and buildings above is £3,942 (2022 - £3,942) in respect of freehold land and buildings.
 

5

Debtors

Current

2023
£

2022
£

Trade debtors

12,161

10,309

Prepayments

6,922

4,956

 

19,083

15,265

 

Regent Court (Blackpool) Management Company Limited

trading as Regent Court (Blackpool) Management Co. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

118

18

Taxation and social security

1,811

1,346

Accruals and deferred income

8,126

2,100

10,055

3,464

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Other non-current financial liabilities

5,580

5,580