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REGISTERED NUMBER: 03506148 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Shaw Park (Crowthorne) Management Co.
Limited

Shaw Park (Crowthorne) Management Co.
Limited (Registered number: 03506148)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Shaw Park (Crowthorne) Management Co.
Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C Potter
Dr C W Purvis
Mrs M Stalker
Ms C R Howe





SECRETARY: N J T Pedersen





REGISTERED OFFICE: 17 Dukes Ride
Crowthorne
Berkshire
RG45 6LZ





REGISTERED NUMBER: 03506148 (England and Wales)





ACCOUNTANTS: PKB Accountants Limited
Chartered Certified Accountants
Beechey House
87 Church Street
Crowthorne
Berkshire
RG45 7AW

Shaw Park (Crowthorne) Management Co.
Limited (Registered number: 03506148)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 3,335 3,242
Cash at bank 31,102 34,667
34,437 37,909
CREDITORS
Amounts falling due within one year 5 9,911 14,220
NET CURRENT ASSETS 24,526 23,689
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,526

23,689

RESERVES
Maintenance reserve 6 23,901 23,064
Income and expenditure account 6 625 625
24,526 23,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Shaw Park (Crowthorne) Management Co.
Limited (Registered number: 03506148)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2024 and were signed on its behalf by:





Dr C W Purvis - Director


Shaw Park (Crowthorne) Management Co.
Limited (Registered number: 03506148)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Shaw Park (Crowthorne) Management Co. Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A
"Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in
the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been
prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make
judgements, estimates and assumptions about the carrying values of assets and liabilities that are
not readily apparent from other sources. The estimates and underlying assumptions are based on
historical experience and other factors that are considered to be relevant. Actual results may differ
from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised if the revision
affects only that period, or in the period of the revision and future periods if the revision affects
both current and future periods.

Turnover
Turnover represents the amount of service charges payable by residents for the upkeep of the exterior and communal areas of the property. It is accounted for on an accruals basis.

Financial instruments
Debtors relate to either unpaid service charges and are adjusted for impairment if considered necessary, or prepaid expenditure.

Cash is represented by cash equivalents and cash in hand with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors are detailed in Note 9 to these Financial Statements and are measured at present value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Shaw Park (Crowthorne) Management Co.
Limited (Registered number: 03506148)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Prepayments 3,335 3,242

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Payments on account 7,011 11,620
Other creditors 2,900 2,600
9,911 14,220

6. RESERVES
Income
and
expenditure Maintenance
account reserve Totals
£    £    £   

At 1 January 2023 625 23,064 23,689
Surplus for the year 837 837
Transfer (837 ) 837 -
At 31 December 2023 625 23,901 24,526

7. ANALYSIS OF MAINTENANCE RESERVE

Transfers
At to/from At
1 January profit and 31 December
2023 loss account 2023

External maintenance 6,495 837 7,332
Internal maintenance 16,274 16,274
Carpeting 48 48
General 247 247
23,064 23,901

Shaw Park (Crowthorne) Management Co.
Limited (Registered number: 03506148)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. ANALYSIS OF REPAIRS AND MAINTENANCE

£   

General Maintenance 3,364
Roof Repairs 330
Electrical Tests 120
Drains Clearance 732
Lighting Maintenance 295
4,841

9. ANALYSIS OF DEBTORS

£   

Insurance prepaid to 24 March 2024 3,335
3,335

10. ANALYSIS OF CREDITORS

£

Amounts received in advance from flats 7,010
Accountancy fee 780
Provision December light and heat costs 151
Provision for accrued water rates 1,454
Cleaning creditor 180
Gardening creditor 335
9,910




11. SHARE CAPITAL

The company is limited by guarantee to the extent that each member is liable on the event of liquidation to the sum of £1. The membership of the company at the year end was 33.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Shaw Park (Crowthorne) Management Co.
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shaw Park (Crowthorne) Management Co. Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the 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/rulebook.

This report is made solely to the Board of Directors of Shaw Park (Crowthorne) Management Co. Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shaw Park (Crowthorne) Management Co. Limited and state those matters that we have agreed to state to the Board of Directors of Shaw Park (Crowthorne) Management Co. Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Shaw Park (Crowthorne) Management Co. Limited 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 profit of Shaw Park (Crowthorne) Management Co. Limited. You consider that Shaw Park (Crowthorne) Management Co. Limited 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 Shaw Park (Crowthorne) Management Co. Limited. 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.






PKB Accountants Limited
Chartered Certified Accountants
Beechey House
87 Church Street
Crowthorne
Berkshire
RG45 7AW



Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Shaw Park (Crowthorne) Management Co.
Limited

13 March 2024