Company Registration No. 06196220 (England and Wales)
FORDCOMBE APARTMENTS MANAGEMENT CO LTD
(A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
FORDCOMBE APARTMENTS MANAGEMENT CO LTD
(A COMPANY LIMITED BY GUARANTEE)
COMPANY INFORMATION
Director
N Gray
Secretary
Mrs Tracy O'Toole
Company number
06196220
Registered office
33 Station Road
Rainham
Gillingham
ME8 7RS
Accountants
Myers Clark
Egale 1
80 St Albans Road
Watford
Hertfordshire
WD17 1DL
FORDCOMBE APARTMENTS MANAGEMENT CO LTD
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Director's report
1
Accountants' report
2
Balance sheet
3
Notes to the financial statements
4
FORDCOMBE APARTMENTS MANAGEMENT CO LTD
(A COMPANY LIMITED BY GUARANTEE)
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 1 -
The director presents his annual report and financial statements for the year ended 30 September 2023.
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
N Gray
Legal Status
The company is limited by guarantee and has no share capital.
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
N Gray
Director
18 January 2024
FORDCOMBE APARTMENTS MANAGEMENT CO LTD
(A COMPANY LIMITED BY GUARANTEE)
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FORDCOMBE APARTMENTS MANAGEMENT CO LTD FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fordcombe Apartments Management Co Ltd for the year ended 30 September 2023 set out on pages 3 to 4 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Fordcombe Apartments Management Co Ltd, as a body, in accordance with the terms of our engagement letter dated 15 March 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Fordcombe Apartments Management Co Ltd and state those matters that we have agreed to state to the board of directors of Fordcombe Apartments Management Co Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fordcombe Apartments Management Co Ltd and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Fordcombe Apartments Management Co Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Fordcombe Apartments Management Co Ltd. You consider that Fordcombe Apartments Management Co Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Fordcombe Apartments Management Co Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Myers Clark
18 January 2024
Chartered Accountants
Egale 1
80 St Albans Road
Watford
Hertfordshire
WD17 1DL
FORDCOMBE APARTMENTS MANAGEMENT CO LTD
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT
30 SEPTEMBER 2023
30 September 2023
- 3 -
2023
2022
Notes
£
£
£
£
Net assets
Members' funds
For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 18 January 2024
N Gray
Director
Company Registration No. 06196220
FORDCOMBE APARTMENTS MANAGEMENT CO LTD
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 4 -
1
Accounting policies
Company information
Fordcombe Apartments Management Co Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 33 Station Road, Rainham, Gillingham, ME8 7RS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.3
Taxation
The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.
1.4
During the year the company has acted as agent for the lessees of the property at flats 24 to 29, Mcarthur Drive, Kings Hill, West Malling, Kent, ME19 4GW. The funds in relation to the maintenance of the property are held in trust. As at 30 September 2023 the cash balance held on behalf of the lessees amounted to £1,066.
The company therefore has no income or expenditure in its own right in relation to the maintenance of the common parts of the property held in accordance with the governing leases. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House. The accounts can be obtained from Fordcombe Apartments Management Co Ltd.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.