REGISTERED NUMBER: |
Report of the Director and |
Unaudited Financial Statements For The Year Ended 31st December 2023 |
for |
Courtney Towers Management Company |
Limited |
REGISTERED NUMBER: |
Report of the Director and |
Unaudited Financial Statements For The Year Ended 31st December 2023 |
for |
Courtney Towers Management Company |
Limited |
Courtney Towers Management Company |
Limited (Registered number: 03206681) |
Contents of the Financial Statements |
For The Year Ended 31st December 2023 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Income Statement | 3 |
Other Comprehensive Income | 4 |
Balance Sheet | 5 |
Statement of Changes in Equity | 6 |
Notes to the Financial Statements | 7 |
Courtney Towers Management Company |
Limited |
Company Information |
For The Year Ended 31st December 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
106 Charter Avenue |
Ilford |
Essex |
IG2 7AD |
Courtney Towers Management Company |
Limited (Registered number: 03206681) |
Report of the Director |
For The Year Ended 31st December 2023 |
The director presents her report with the financial statements of the company for the year ended 31st December 2023. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of residents' property management. |
DIRECTOR |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
Courtney Towers Management Company |
Limited (Registered number: 03206681) |
Income Statement |
For The Year Ended 31st December 2023 |
31.12.23 | 31.12.22 |
£ | £ |
TURNOVER |
Administrative expenses |
142 | (2,455 | ) |
Other operating income |
OPERATING PROFIT/(LOSS) and |
PROFIT/(LOSS) BEFORE TAXATION | ( | ) |
Tax on profit/(loss) |
PROFIT/(LOSS) FOR THE FINANCIAL YEAR | ( | ) |
Courtney Towers Management Company |
Limited (Registered number: 03206681) |
Other Comprehensive Income |
For The Year Ended 31st December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ |
PROFIT/(LOSS) FOR THE YEAR | ( | ) |
OTHER COMPREHENSIVE INCOME | - | - |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | ( | ) |
Courtney Towers Management Company |
Limited (Registered number: 03206681) |
Balance Sheet |
31st December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 | 21 | 21 |
Capital redemption reserve | 8 |
Retained earnings | 8 |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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 profit or loss 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 were approved by the director and authorised for issue on |
Courtney Towers Management Company |
Limited (Registered number: 03206681) |
Statement of Changes in Equity |
For The Year Ended 31st December 2023 |
Called up | Capital |
share | Retained | redemption | Total |
capital | earnings | reserve | equity |
£ | £ | £ | £ |
Balance at 1st January 2022 | 21 | 13,568 | 10,125 | 23,714 |
Changes in equity |
Total comprehensive income | - | (2,235 | ) | - | (2,235 | ) |
Balance at 31st December 2022 | 21 | 11,333 | 10,125 | 21,479 |
Changes in equity |
Total comprehensive income | - | 142 | - | 142 |
Balance at 31st December 2023 | 21 | 11,475 | 10,125 | 21,621 |
Courtney Towers Management Company |
Limited (Registered number: 03206681) |
Notes to the Financial Statements |
For The Year Ended 31st December 2023 |
1. | STATUTORY INFORMATION |
Courtney Towers Management Company Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Management charges receivable |
Management charges receivable is measured at the fair value of the consideration received or receivable for services rendered net of discounts and Value Added Tax. |
Tangible fixed assets |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Courtney Towers Management Company |
Limited (Registered number: 03206681) |
Notes to the Financial Statements - continued |
For The Year Ended 31st December 2023 |
4. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST |
At 1st January 2023 |
and 31st December 2023 |
NET BOOK VALUE |
At 31st December 2023 |
At 31st December 2022 |
Included in cost of land and buildings is freehold land of £ 10,125 (2022 - £ 10,125 ) which is not depreciated. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Maintenance fee debtors |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Accrued expenses |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.23 | 31.12.22 |
value: | £ | £ |
21 | Ordinary | £1.00 | 21 | 21 |
8. | RESERVES |
Capital |
Retained | redemption |
earnings | reserve | Totals |
£ | £ | £ |
At 1st January 2023 | 11,333 | 10,125 | 21,458 |
Profit for the year | 142 | 142 |
At 31st December 2023 | 11,475 | 10,125 | 21,600 |