REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
Brittain Court (Berkshire) Management |
Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
Brittain Court (Berkshire) Management |
Limited |
Brittain Court (Berkshire) Management |
Limited (Registered number: 01605332) |
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 | 9 |
Brittain Court (Berkshire) Management |
Limited |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Beechey House |
87 Church Street |
Crowthorne |
Berkshire |
RG45 7AW |
Brittain Court (Berkshire) Management |
Limited (Registered number: 01605332) |
Balance Sheet |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 | 80 | 80 |
Maintenance reserve | 8 | 21,952 | 13,916 |
Retained earnings | 8 | 3,534 | 15,534 |
SHAREHOLDERS' FUNDS |
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 profit or loss 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. |
Brittain Court (Berkshire) Management |
Limited (Registered number: 01605332) |
Balance Sheet - continued |
31 December 2023 |
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 |
Brittain Court (Berkshire) Management |
Limited (Registered number: 01605332) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Brittain Court (Berkshire) Management Limited is a |
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. |
Brittain Court (Berkshire) Management |
Limited (Registered number: 01605332) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
2. | ACCOUNTING POLICIES - continued |
Tangible fixed assets |
The directors consider that freehold property is maintained in such a state of repair that its residual |
value is at least equal to its net book value. As a result, the corresponding depreciation would not |
be material and therefore is not charged in the profit and loss account. |
At each balance sheet date, the Company reviews the carrying amounts of its Tangible Fixed Assets |
to determine whether there is any indication that any items have suffered an impairment loss. If any |
such indication exists, the recoverable amount of an asset is estimated in order to determine the |
extent of the impairment loss, if any. |
If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying |
amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an |
expense immediately. |
Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to |
the revised estimate of its recoverable amount, to the extent that the increased carrying amount |
does not exceed the carrying amount that would have been determined (net of depreciation) had no |
impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is |
recognised as income. |
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 form 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 11 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). |
Brittain Court (Berkshire) Management |
Limited (Registered number: 01605332) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
4. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.23 | 31.12.22 |
value: | £ | £ |
Ordinary | £5 | 80 | 80 |
Brittain Court (Berkshire) Management |
Limited (Registered number: 01605332) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
8. | RESERVES |
Retained | Maintenance |
earnings | reserve | Totals |
£ | £ | £ |
At 1 January 2023 | 15,534 | 13,916 | 29,450 |
Deficit for the year | ( |
) | ( |
) |
Transfer | (10,536 | ) | 8,036 | (2,500 | ) |
At 31 December 2023 | 3,534 | 21,952 | 25,486 |
Analysis of Maintenance Reserve |
Transfers |
At | to/from | At |
1 January | profit and | 31 December |
2023 | loss account | 2023 |
External redecoration | 4,405 | (2,500 | ) | 1,905 |
Internal redecoration | 4,352 | - | 4,352 |
Flooring | 1,560 | - | 1,560 |
General | 3,599 | 10,536 | 14,135 |
13,916 | 8,036 | 21,952 |
9. | ANALYSIS OF REPAIRS AND MAINTENANCE |
The amounts paid during the year for repairs and maintenance of the property are analysed below: |
£ |
Water leaks and damp | 440 |
Glass repairs | 240 |
Repair gutter/aerial | 1,440 |
Disposal of rubbish | 580 |
Total: | 2,700 |
10. | ANALYSIS OF DEBTORS |
£ |
Company holding element of freehold for purchase | 1,550 |
1,550 |
Brittain Court (Berkshire) Management |
Limited (Registered number: 01605332) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
11. | ANALYSIS OF CREDITORS |
£ |
Accountancy accrual | 840 |
Cleaning accrual | 72 |
Gardening accrual | 155 |
Receipts in advance | 1875 |
Light and heat accrual | 39 |
Total | 2,981 |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Brittain Court (Berkshire) Management |
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 Brittain Court (Berkshire) Management 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 Brittain Court (Berkshire) Management 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 Brittain Court (Berkshire) Management Limited and state those matters that we have agreed to state to the Board of Directors of Brittain Court (Berkshire) Management 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 Brittain Court (Berkshire) Management 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 loss of Brittain Court (Berkshire) Management Limited. You consider that Brittain Court (Berkshire) Management 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 Brittain Court (Berkshire) Management 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. |
Chartered Certified Accountants |
Beechey House |
87 Church Street |
Crowthorne |
Berkshire |
RG45 7AW |