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Company registration number: 09851549
Meadow Mews (Cannington) Management Company Limited
Company limited by guarantee
Unaudited filleted financial statements
30 November 2023
Meadow Mews (Cannington) Management Company Limited
Company limited by guarantee
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Meadow Mews (Cannington) Management Company Limited
Company limited by guarantee
Directors and other information
Directors Stephen John Rudhall
Laura Stewart (Resigned 10 July 2023)
Barry Peter Haffenden
Philip Anthony Canning
Chris Archambault (Appointed 10 July 2023)
Company number 09851549
Registered office 1 Meadow Mews
Rodway
Cannington
Bridgwater
TA5 2PJ
Accountants Michael J Dodden & Co
34 North Street
Bridgwater
Somerset
TA6 3YD
Meadow Mews (Cannington) Management Company Limited
Company limited by guarantee
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Meadow Mews (Cannington) Management Company Limited
Year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Meadow Mews (Cannington) Management Company Limited for the year ended 30 November 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf.
Michael J Dodden & Co
Chartered Accountants
34 North Street
Bridgwater
Somerset
TA6 3YD
Meadow Mews (Cannington) Management Company Limited
Company limited by guarantee
Statement of financial position
30 November 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 19 24
_______ _______
19 24
Current assets
Cash at bank and in hand 4,095 3,754
_______ _______
4,095 3,754
Creditors: amounts falling due
within one year 6 ( 1,798) ( 1,677)
_______ _______
Net current assets 2,297 2,077
_______ _______
Total assets less current liabilities 2,316 2,101
_______ _______
Net assets 2,316 2,101
_______ _______
Capital and reserves
Profit and loss account 2,316 2,101
_______ _______
Members funds 2,316 2,101
_______ _______
For the year ending 30 November 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.
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.
These financial statements were approved by the board of directors and authorised for issue on 08 January 2024 , and are signed on behalf of the board by:
Stephen John Rudhall
Director
Company registration number: 09851549
Meadow Mews (Cannington) Management Company Limited
Company limited by guarantee
Notes to the financial statements
Year ended 30 November 2023
1. General information
The company is a private company limited by guarantee, registered in United Kingdom. The address of the registered office is 1 Meadow Mews, Rodway, Cannington, Bridgwater, TA5 2PJ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
4. Limited by guarantee
The company is a private limited company and consequently does not have any share capital
5. Tangible assets
Plant and machinery Total
£ £
Cost
At 1 December 2022 and 30 November 2023 115 115
_______ _______
Depreciation
At 1 December 2022 91 91
Charge for the year 5 5
_______ _______
At 30 November 2023 96 96
_______ _______
Carrying amount
At 30 November 2023 19 19
_______ _______
At 30 November 2022 24 24
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 1,798 1,677
_______ _______