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REGISTERED NUMBER: 02325082 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Olton Mere Management Company Limited

Olton Mere Management Company Limited (Registered number: 02325082)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Olton Mere Management Company Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P J Bennett
J Cree
J M Clark





SECRETARY: J A D Mayers





REGISTERED OFFICE: c/o Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA





REGISTERED NUMBER: 02325082 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Olton Mere Management Company Limited (Registered number: 02325082)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 1,350 -
Cash at bank 12,471 12,353
13,821 12,353
CREDITORS
Amounts falling due within one year 5 2,470 921
NET CURRENT ASSETS 11,351 11,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,351

11,432

RESERVES
Sinking fund 4,000 4,000
Income and expenditure account 7,351 7,432
11,351 11,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 surplus or deficit 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 and expenses has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2024 and were signed on its behalf by:





J Cree - Director


Olton Mere Management Company Limited (Registered number: 02325082)

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

1. STATUTORY INFORMATION

Olton Mere Management Company Limited is a private company, limited by guarantee without share capital, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

Significant judgements and estimates
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.

Turnover
The turnover shown in the profit and loss account is the amount receivable for service charges in the period.

Turnover is recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

Taxation
As the company's business consists of the management, on a non-profit making basis, of a block or blocks of flats, apartments for the owners, lessees, or tenants of the flats or apartments and taxable profit does not exceed £100, it is not required to submit a corporation tax return. This status was confirmed by HMRC on 23rd November 2021.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,100 -
Other debtors 250 -
1,350 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,200 -
Accruals and deferred income 1,270 921
2,470 921

6. COMPANY LIMITED BY GUARANTEE

The company is a private company limited by guarantee without share capital.