Harts Farm (North) Management Company Limited 04743502 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is that of management and administration, on a non profit basis, of the communal areas of the development on behalf of the property owners, lessees or tenants. Digita Accounts Production Advanced 6.30.9574.0 true 04743502 2022-06-01 2023-05-31 04743502 2023-05-31 04743502 core:OtherReservesSubtotal 2023-05-31 04743502 core:RetainedEarningsAccumulatedLosses 2023-05-31 04743502 core:CurrentFinancialInstruments 2023-05-31 04743502 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 04743502 bus:SmallEntities 2022-06-01 2023-05-31 04743502 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 04743502 bus:FullAccounts 2022-06-01 2023-05-31 04743502 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 04743502 bus:RegisteredOffice 2022-06-01 2023-05-31 04743502 bus:CompanySecretaryDirector1 2022-06-01 2023-05-31 04743502 bus:CompanyLimitedByGuarantee 2022-06-01 2023-05-31 04743502 countries:EnglandWales 2022-06-01 2023-05-31 04743502 2021-06-01 2022-05-31 04743502 2022-05-31 04743502 core:OtherReservesSubtotal 2022-05-31 04743502 core:RetainedEarningsAccumulatedLosses 2022-05-31 04743502 core:CurrentFinancialInstruments 2022-05-31 04743502 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 04743502

Harts Farm (North) Management Company Limited

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

Harts Farm (North) Management Company Limited

Contents


 

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 4

 

Harts Farm (North) Management Company Limited

Registration number: 04743502

Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

8,123

5,026

Cash at bank and in hand

 

15,543

11,344

 

23,666

16,370

Creditors: Amounts falling due within one year

5

(8,282)

(5,343)

Net assets

 

15,384

11,027

Capital and reserves

 

Reserve fund for major works

9,562

6,562

Income and expenditure account

5,822

4,465

Members' funds

 

15,384

11,027



The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

 

Harts Farm (North) Management Company Limited

Registration number: 04743502

Balance Sheet as at 31 May 2023 (continued)

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income and Expenditure Account.

Approved and authorised by the Board on 22 February 2024 and signed on its behalf by:
 


J M Poulter
Company secretary and director

 

Harts Farm (North) Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £25 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Wymondham Business Centre
1 Town Green
Wymondham
Norfolk
NR18 0PN
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the maintenance and reserve fund charges made in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Harts Farm (North) Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 4).

4

Debtors

2023
£

2022
£

Maintenance charges in arrears

4,864

4,781

Other debtors

3,259

245

Total current trade and other debtors

8,123

5,026

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

759

439

Other creditors

 

7,523

4,904

 

8,282

5,343