Company Registration No. 01339500 (England and Wales)
Basil Mansions Management Company Limited
Unaudited financial statements
for the period ended 24 March 2023
Pages for filing with the registrar
Basil Mansions Management Company Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Basil Mansions Management Company Limited
Statement of financial position
As at 24 March 2023
1
24 March 2023
25 March 2022
Notes
£
£
£
£
Reserves
3
-
-
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true
For the financial period ended 24 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 13 March 2024 and are signed on its behalf by:
Kenneth Prince-Wright
Director
Company Registration No. 01339500
Basil Mansions Management Company Limited
Notes to the financial statements
For the period ended 24 March 2023
2
1
Accounting policies
Company information
Basil Mansions Management Company Limited is a private company limited by guarantee, incorporated in England and Wales. The registered office is Third Floor, 20 Old Bailey, London, EC4M 7AN.
1.1
Reporting period
These financial statements have been prepared for a period less than one year due to a change in accounting date. Any comparative amounts are therefore not entirely comparable.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Profit and loss account
The company has not traded during the period or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
The management of Basil Mansions Management Company consider that the related service charges are independently administered by the company's appointed residential property manager.
The prior year financial statements included the service charge company transactions and not the status of the company which is dormant.
The financial statements now reflect the company's status as dormant.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
2022
Number
Number
Total
3
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.