REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
HERMITAGE COURT (THATCHAM) MANAGEMENT |
COMPANY LIMITED |
REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
HERMITAGE COURT (THATCHAM) MANAGEMENT |
COMPANY LIMITED |
HERMITAGE COURT (THATCHAM) MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 04746860) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 DECEMBER 2023 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Statement of Income and Retained Earnings | 3 |
Statement of Financial Position | 4 |
Notes to the Financial Statements | 5 |
HERMITAGE COURT (THATCHAM) MANAGEMENT |
COMPANY LIMITED |
COMPANY INFORMATION |
for the year ended 31 DECEMBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
1 High Street |
Thatcham |
Berks |
RG19 3JG |
HERMITAGE COURT (THATCHAM) MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 04746860) |
REPORT OF THE DIRECTORS |
for the year ended 31 DECEMBER 2023 |
The directors present their report with the financial statements of the company for the year ended 31 December 2023. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of management and administration, on a non profit making basis, on the communal areas relating to the development on behalf of the property owners, lessees or tenants. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
HERMITAGE COURT (THATCHAM) MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 04746860) |
STATEMENT OF INCOME AND |
RETAINED EARNINGS |
for the year ended 31 DECEMBER 2023 |
31.12.23 | 31.12.22 |
£ | £ |
TURNOVER |
Administrative expenses |
OPERATING SURPLUS/(DEFICIT) | ( |
) |
Interest receivable and similar income |
SURPLUS/(DEFICIT) BEFORE TAXATION |
( |
) |
Tax on surplus/(deficit) |
SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR |
( |
) |
RETAINED EARNINGS AT END OF YEAR |
( |
) |
HERMITAGE COURT (THATCHAM) MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 04746860) |
STATEMENT OF FINANCIAL POSITION |
31 DECEMBER 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Reserve fund for major works | 6 |
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 were approved by the Board of Directors and authorised for issue on |
HERMITAGE COURT (THATCHAM) MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 04746860) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Hermitage Court (Thatcham) Management Company Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents Maintenance Charges Receivable in respect of communal expenditure in the ordinary course of business. Value added tax is not charged thereon. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Trade debtors |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Other creditors |
6. | RESERVES |
Income | Reserve |
and | fund for |
expenditure | major |
account | works | Totals |
£ | £ | £ |
At 1 January 2023 |
Surplus for the year |
Surplus/deficit to reserves | ( |
) | ( |
) |
Transfer from income and |
expenditure account | - | 2,220 | 2,220 |
At 31 December 2023 | 11,410 |
7. | RELATED PARTY DISCLOSURES |
The company derives its income from its members and incurs all expenses on behalf of and for the ultimate benefit of those members. All transactions are therefore considered to be related party transactions. |
HERMITAGE COURT (THATCHAM) MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 04746860) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 DECEMBER 2023 |
8. | LIMITATION OF LIABILITY |
The Company is limited by Guarantee. |
Every member of the Company undertakes to contribute to the assets of the Company in the event of the same being wound up while he or she is a member, or within one year after he or she ceases to be a member,for the payment of the debts and liabilities of the Company, for the costs and expenses of winding up and for the adjustment of the rights of the contributories amongst themselves. Such amount as may be required not exceeding one pound. |