Registered number
04459026
Hanger Hill Management Company Limited
Unaudited Filleted Accounts
30 September 2023
Hanger Hill Management Company Limited
Registered number: 04459026
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 - 44,314
Creditors: amounts falling due within one year 4 - (228)
Net current assets - 44,086
Net assets - 44,086
Capital and reserves
Profit and loss account 5 - 44,086
Shareholders' funds - 44,086
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H S Suri
Director
Approved by the board on 19 January 2024
Hanger Hill Management Company Limited
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rental income.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Trade debtors - 823
Other debtors - 43,491
- 44,314
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors - 228
5 Profit and loss acccount 2023 2022
£ £
At 1 October 2022 44,086 44,314
Deficit for the year - (228)
Transfer to service charge accounts (44,086) -
At 30 September 2023 - 44,086
The Directors of Hanger Hill Management Company Limited authorised the transfer of funds from the company accounts to the service charge reserve fund in order to assist with the funding of reserve fund expenditure incurred in the year.
6 Controlling party
The directors do not consider there to be an ultimate controlling party.
7 Other information
Hanger Hill Management Company Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
Fairoak Estate Management Limited
Building 3 Chiswick Park
566 Chiswick High Road
London
W4 5YA
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