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Registration number: 05519133

Butcher's Square Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

Butcher's Square Management Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Butcher's Square Management Limited

Company Information

Director

T Tambaros

Company secretary

T Tambaros

Registered office

11 Meden Avenue
Brough
East Yorkshire
HU15 1GH

 

Butcher's Square Management Limited

(Registration number: 05519133)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

86

65

Cash at bank and in hand

 

1,948

1,881

 

2,034

1,946

Creditors: Amounts falling due within one year

5

(2,026)

(1,938)

Net assets

 

8

8

Capital and reserves

 

Called up share capital

8

8

Shareholders' funds

 

8

8

For the financial year ending 31 July 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 January 2024
 

.........................................
T Tambaros
Company secretary and director

 

Butcher's Square Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 05519133.

The address of its registered office is:
11 Meden Avenue
Brough
East Yorkshire
HU15 1GH

These financial statements were authorised for issue by the director on 5 January 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover arises from the provision of flat management income. Turnover is measured at the fair value of the consideration received or receivable and represents amounts for the rendering of services in the normal course of business, net of discounts and other sales-related taxes.

Turnover from the provision of flat management income is recognised when the service is performed.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met of each of the companies activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Butcher's Square Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2022 - 1).

4

Debtors

2023
£

2022
£

Other debtors

86

65

86

65

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Accruals and deferred income

 

564

564

Other creditors

 

1,397

1,258

Other borrowings

6

65

116

 

2,026

1,938

6

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

65

116

Included within other borrowings are unsecured amounts due to participators.

7

Related party transactions

Transactions with the Director

2023

At 1 August 2022
£

Advances to Director
£

Repayments by Director
£

At 31 July 2023
£

T Tambaros

65

1,047

(1,026)

86

         
       

 

Other transactions with the Director

 

Butcher's Square Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

At the year end the director owed the company £86 (2022: £65). Loans with the director are unsecured, interest free and repayable on demand.

Summary of transactions with other related parties

At the year end, participator loans amounted to £65 (2022: £116). This amount is unsecured, interest free and repayable on demand.