Registered number
06708541
Fallapit House Management Company Limited
Report and Unaudited Accounts
30 September 2023
Fallapit House Management Company Limited
Company Information
Directors
Mr I A D Robertson
Mrs H Mayes
Accountants
Morgan Accountants Limited
Duke Court
Bridge Street
Kingsbridge
Devon
TQ7 1HX
Registered office
Fallapit House
Fallapit Estate
East Allington
Totnes
Devon
TQ9 7AT
Registered number
06708541
Fallapit House Management Company Limited
Registered number: 06708541
Directors' Report
The directors present their report and accounts for the year ended 30 September 2023.
Principal activities
The company's principal activity during the year continued to be the management of a residential property, Fallapit House, Fallapit Estate, East Allington, Totnes, Devon.
Directors
The following persons served as directors during the year:
Mr I A D Robertson
Mrs H Mayes
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 6 February 2024 and signed on its behalf.
Mr I A D Robertson
Director
Fallapit House Management Company Limited
Profit and Loss Account
for the year ended 30 September 2023
Notes 2023 2022
£ £
Turnover 76,338 13,025
Administrative expenses (86,442) (10,527)
Operating (loss)/profit (10,104) 2,498
Interest receivable 137 2
(Loss)/profit before taxation (9,967) 2,500
Tax on (loss)/profit 1 - -
Transferred to sinking fund for future repairs 7 9,967 (2,500)
Profit for the financial year - -
Fallapit House Management Company Limited
Registered number: 06708541
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 571 833
Cash at bank and in hand 4 6,417 16,122
6,988 16,955
Creditors: amounts falling due within one year 5 (480) (480)
Net current assets 6,508 16,475
Net assets 6,508 16,475
Capital and reserves
Called up share capital 6 8 8
Sinking fund for future repairs 7 6,500 16,467
Shareholders' funds 6,508 16,475
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.
Mr I A D Robertson
Director
Approved by the board on 6 February 2024
Fallapit House 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 represents the amounts receivable for services provided during the year and an amount for future repairs.
Tangible fixed assets
The company owns the freehold of Fallapit House which was transferred to the Company at no value by the developer.
Taxation
The company had no corporation tax liability for the year.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Debtors 2023 2022
£ £
Service charge balances due 571 833
4 Bank accounts 2023 2022
£ £
Bank market call account 3,965 4,652
Bank community account 2,452 11,470
6,417 16,122
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 480 480
6 Share capital 2023 2022
£ £
Authorised Ordinary Shares of £1 1,000 1,000
Issued and Fully Paid Ordinary Shares of £1 8 8
7 Sinking funds for future repairs 2023 2022
£ £
At 1 October 2022 16,467 13,967
Transfer to Sinking fund (9,967) 2,500
At 30 September 2023 6,500 16,467
In accordance with the terms of the agreements entered into by the owners of the apartments in Fallapit House the company has a resposibility to maintain the structure of the freehold property. There is no requirement in the agreements to provide in advance for major repairs but the owners agreed that a sinking fund for future major repairs be created from 1 October 2014 at the rate of £2,500 per annum.
8 Other information
Fallapit House Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Fallapit House
Fallapit Estate
East Allington
Devon
TQ9 7AT
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