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REGISTERED NUMBER: 05692060 (England and Wales)















Lacemakers (Rushden) Management Co Ltd

Unaudited Financial Statements

for the Year Ended 31st December 2023






Lacemakers (Rushden) Management Co Ltd (Registered number: 05692060)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


Lacemakers (Rushden) Management Co Ltd

Company Information
for the year ended 31st December 2023







DIRECTORS: Mrs W C Gray
P A Connolly





REGISTERED OFFICE: 29 The Green
London
N21 1HS





REGISTERED NUMBER: 05692060 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Lacemakers (Rushden) Management Co Ltd (Registered number: 05692060)

Statement of Financial Position
31st December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 961 2,110

CREDITORS
Amounts falling due within one year 6 624 590
NET CURRENT ASSETS 337 1,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

337

1,520

RESERVES
Building & Maintenance Reserve 7 337 1,520
337 1,520

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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 22nd February 2024 and were signed on its behalf by:





Mrs W C Gray - Director


Lacemakers (Rushden) Management Co Ltd (Registered number: 05692060)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Lacemakers (Rushden) Management Co Ltd 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 (£).


The principal activity of the company is to maintain the common areas of the property on behalf of the tenants within the building.

2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Turnover
The turnover represents the total amount of service charges and ground rents collected for the year.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 961 2,110

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 624 590

Lacemakers (Rushden) Management Co Ltd (Registered number: 05692060)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

7. RESERVES
Income
and Building
expenditure & Maintenance
account Reserve Totals
£    £    £   

At 1st January 2023 - 1,520 1,520
Deficit for the year (1,183 ) - (1,183 )
Surplus/(deficit) transferred to
Building and Maintenance Reserve

1,183

(1,183

)

-

At 31st December 2023 - 337 337

8. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st December 2023 or 31st December 2022.

9. CAPITAL COMMITMENTS

There were no capital commitments as at 31st December 2023 or 31st December 2022.

10. SHARE CAPITAL

The company is limited by Guarantee . The liability of each member is limited to £25.