REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 MARCH 2023 |
FOR |
SHORTLANDS MANAGEMENT COMPANY LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 MARCH 2023 |
FOR |
SHORTLANDS MANAGEMENT COMPANY LIMITED |
SHORTLANDS MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02597164) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 MARCH 2023 |
Page |
Balance Sheet | 1 |
SHORTLANDS MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02597164) |
BALANCE SHEET |
24 MARCH 2023 |
2023 | 2022 |
£ | £ |
CURRENT ASSETS |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
NOTES TO THE FINANCIAL STATEMENTS |
1. | STATUTORY INFORMATION |
Shortlands Management Company Limited is a |
Registered number: |
Registered office: |
2. | AVERAGE NUMBER OF EMPLOYEES |
The average number of employees during the year was NIL (2022 - NIL). |
3. | PRIOR PERIOD ADJUSTMENT |
The accounts have been restated. |
Previously the service charge transactions of Shortlands, had been included with the company accounts. |
The company has no income or expenditure in its own right from which it derives economic benefit. Whilst certain contracts are entered into in the name of the company, the execution of those contracts and settlement of the liabilities arising are made through a Statement of Account that does not form part of the annual accounts of the company. |
Money relating to the service charge does not 'belong' to the company but is held in trust for the lessees of the property and therefore all transactions and balances related to the service charge should be excluded from the company accounts. |
Separate service charge accounts are now prepared which show transactions of the service charge fund. |
This change has reduced accumulated reserves by £30,698. |
SHORTLANDS MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02597164) |
BALANCE SHEET - continued |
24 MARCH 2023 |
The director acknowledges his 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 |