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COMPANY REGISTRATION NUMBER: 04302676
The Ryton Park Management Company Limited
Filleted Unaudited Financial Statements
30 June 2023
The Ryton Park Management Company Limited
Financial Statements
Year ended 30 June 2023
Contents
Pages
Statement of financial position
1
Notes to the financial statements
2 to 3
The Ryton Park Management Company Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
Current assets
Cash at bank and in hand
11,220
10,802
Creditors: amounts falling due within one year
4
1,973
1,547
---------
---------
Net current assets
9,247
9,255
---------
---------
Total assets less current liabilities
9,247
9,255
Provisions
5
9,232
9,240
---------
---------
Net assets
15
15
---------
---------
Capital and reserves
Called up share capital
6
15
15
---------
---------
Shareholders funds
15
15
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 7 March 2024 , and are signed on behalf of the board by:
C T Andrews
Director
Company registration number: 04302676
The Ryton Park Management Company Limited
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Ryton Park, Ryton, Shifnal, Shropshire, TF11 9NX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
No liability to UK corporation tax arose on ordinary activities for the year ended 30 June 2023 nor for the previous year ended 30 June 2022.
Revenue recognition
Turnover represents gross invoiced estate charges.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
1,973
1,547
---------
---------
The accruals and deferred income is made up of accrued expenses of £1,481 (2022: £1,194) and prepaid charges by property owners of £492 (2022: £353).
5. Provisions
Sinking fund reserve - roads
£
At 1 July 2022
9,240
Charge against provision
( 8)
---------
At 30 June 2023
9,232
---------
6. Called up share capital
Issued, called up and fully paid
2023
2022
No
£
No
£
Ordinary shares of £ 1 each
15
15
15
15
---------
---------
---------
---------
7. Related party transactions
The company was under the control of the directors during the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.