0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 05306374 2023-01-01 2023-12-31 05306374 2023-12-31 05306374 2022-12-31 05306374 2022-01-01 2022-12-31 05306374 2022-12-31 05306374 2021-12-31 05306374 bus:Director10 2023-01-01 2023-12-31 05306374 core:WithinOneYear 2023-12-31 05306374 core:WithinOneYear 2022-12-31 05306374 core:ShareCapital 2023-12-31 05306374 core:ShareCapital 2022-12-31 05306374 core:RetainedEarningsAccumulatedLosses 2023-12-31 05306374 core:RetainedEarningsAccumulatedLosses 2022-12-31 05306374 bus:SmallEntities 2023-01-01 2023-12-31 05306374 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05306374 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05306374 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05306374 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 05306374
MILLERS FORD MANAGEMENT COMPANY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 December 2023
MILLERS FORD MANAGEMENT COMPANY LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
£
£
£
CURRENT ASSETS
Debtors
4
3,082
2,898
Cash at bank and in hand
26,489
25,611
---------
---------
29,571
28,509
CREDITORS: amounts falling due within one year
5
1,188
510
---------
---------
NET CURRENT ASSETS
28,383
27,999
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
28,383
27,999
---------
---------
NET ASSETS
28,383
27,999
---------
---------
CAPITAL AND RESERVES
Called up share capital
13
13
Profit and loss account
28,370
27,986
---------
---------
SHAREHOLDERS FUNDS
28,383
27,999
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MILLERS FORD MANAGEMENT COMPANY LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 8 April 2024 , and are signed on behalf of the board by:
Mr W Platt
Director
Company registration number: 05306374
MILLERS FORD MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31st DECEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Sir Simons Arcade, Lancaster, LA1 1JL.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
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.
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the year.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. DEBTORS
2023
2022
£
£
Prepayments and accrued income
2,923
2,898
Service charge arrears
159
--------
--------
3,082
2,898
--------
--------
5. CREDITORS: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
534
510
Service charges in advance
654
--------
-----
1,188
510
--------
-----
6. RELATED PARTY TRANSACTIONS
The directors are owners of properties managed by Millers Ford Management Company Limited. The directors pay service charges for each property owned on the same basis as other owners.