Registered number
00697348
Southborough Court Management Company Limited
Filleted Accounts
31 October 2023
Southborough Court Management Company Limited
Registered number: 00697348
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 157,789 157,789
157,789 157,789
Current assets
Debtors 4 437 1,014
Cash at bank and in hand 74,160 69,253
74,597 70,267
Creditors: amounts falling due within one year 5 (2,701) (903)
Net current assets 71,896 69,364
Total assets less current liabilities 229,685 227,153
Provisions for liabilities 6 (213,539) (211,539)
Net assets 16,146 15,614
Capital and reserves
Profit and loss account 16,146 15,614
Shareholders' funds 16,146 15,614
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. The profit and loss account has not been delivered to the Registrar of Companies.
S D Turner
Director
Approved by the board on 29 February 2024
Southborough Court Management Company Limited
Notes to the Accounts
for the year ended 31 October 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 represents subscription contributions of tenants.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 1 year
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2022 157,789 332 - 158,121
At 31 October 2023 157,789 332 - 158,121
Depreciation
At 1 November 2022 - 332 - 332
At 31 October 2023 - 332 - 332
Net book value
At 31 October 2023 157,789 - - 157,789
At 31 October 2022 157,789 - - 157,789
4 Debtors 2023 2022
£ £
Other debtors 437 1,014
437 1,014
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,701 903
2,701 903
6 Provisions for Liabilities and Charges 2023 2022
£ £
Maintenance Provision
At 1 November 2022 60,392 55,392
Provision Utilised - -
60,392 55,392
Provision charge for the year 2,000 5,000
At 31 October 2023 62,392 60,392
Shareholders Loans 151,147 151,147
213,539 211,539
7 Other information
Southborough Court Management Company Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
Middle House
Rannoch Road
Crowborough
East Sussex
TN6 1RA
Southborough Court Management Company Limited 00697348 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts October 2023 release 2 S D Turner No description of principal activity 00697348 2021-11-01 2022-10-31 00697348 core:WithinOneYear 2022-10-31 00697348 core:AfterOneYear 2022-10-31 00697348 core:RetainedEarningsAccumulatedLosses 2022-10-31 00697348 2022-11-01 2023-10-31 00697348 bus:CompanyLimitedByGuarantee 2022-11-01 2023-10-31 00697348 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 00697348 bus:Director40 2022-11-01 2023-10-31 00697348 2 2022-11-01 2023-10-31 00697348 countries:England 2022-11-01 2023-10-31 00697348 bus:FRS102 2022-11-01 2023-10-31 00697348 bus:FullAccounts 2022-11-01 2023-10-31 00697348 2023-10-31 00697348 core:WithinOneYear 2023-10-31 00697348 core:AfterOneYear 2023-10-31 00697348 core:RetainedEarningsAccumulatedLosses 2023-10-31 00697348 core:LandBuildings 2023-10-31 00697348 core:PlantMachinery 2023-10-31 00697348 core:Vehicles 2023-10-31 00697348 2022-10-31 00697348 core:LandBuildings 2022-10-31 00697348 core:PlantMachinery 2022-10-31 00697348 core:Vehicles 2022-10-31 iso4217:GBP xbrli:pure