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REGISTERED NUMBER: 03206681 (England and Wales)
















Report of the Director and

Unaudited Financial Statements For The Year Ended 31st December 2023

for



Courtney Towers Management Company
Limited



Courtney Towers Management Company



Limited (Registered number: 03206681)








Contents of the Financial Statements

For The Year Ended 31st December 2023





Page




Company Information  

1




Report of the Director  

2




Income Statement  

3




Other Comprehensive Income  

4




Balance Sheet  

5




Statement of Changes in Equity  

6




Notes to the Financial Statements

7





Courtney Towers Management Company



Limited



Company Information

For The Year Ended 31st December 2023









DIRECTOR:

Miss P S Crader







REGISTERED OFFICE:

134 Courtney Towers


Glebelands Avenue


Ilford


Essex


IG2 7DJ







REGISTERED NUMBER:

03206681 (England and Wales)







ACCOUNTANTS:

Fredericks Limited


Chartered Accountants


106 Charter Avenue


Ilford


Essex


IG2 7AD



Courtney Towers Management Company



Limited (Registered number: 03206681)



Report of the Director

For The Year Ended 31st December 2023


The director presents her report with the financial statements of the company for the year ended 31st December 2023.


PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of residents' property management.

DIRECTOR

Miss P S Crader held office during the whole of the period from 1st 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:






Miss P S Crader - Director



18th April 2024



Courtney Towers Management Company



Limited (Registered number: 03206681)



Income Statement

For The Year Ended 31st December 2023



31.12.23


31.12.22

£   

£   



TURNOVER

21,777


20,568




Administrative expenses

21,635


23,023



142


(2,455

)



Other operating income

-


220



OPERATING PROFIT/(LOSS) and


PROFIT/(LOSS) BEFORE TAXATION

142


(2,235

)



Tax on profit/(loss)

-


-



PROFIT/(LOSS) FOR THE FINANCIAL

YEAR

142


(2,235

)




Courtney Towers Management Company



Limited (Registered number: 03206681)



Other Comprehensive Income

For The Year Ended 31st December 2023



31.12.23


31.12.22


Notes

£   

£   



PROFIT/(LOSS) FOR THE YEAR

142


(2,235

)




OTHER COMPREHENSIVE INCOME

-


-



TOTAL COMPREHENSIVE INCOME

FOR THE YEAR

142


(2,235

)




Courtney Towers Management Company



Limited (Registered number: 03206681)



Balance Sheet

31st December 2023



31.12.23

31.12.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

10,125


10,125




CURRENT ASSETS

Debtors

5

8,606


7,358



Cash at bank and in hand

3,960


5,082



12,566


12,440



CREDITORS

Amounts falling due within one year

6

1,070


1,086



NET CURRENT ASSETS

11,496


11,354



TOTAL ASSETS LESS CURRENT

LIABILITIES

21,621


21,479




CAPITAL AND RESERVES

Called up share capital

7

21


21



Capital redemption reserve

8

10,125


10,125



Retained earnings

8

11,475


11,333



SHAREHOLDERS' FUNDS

21,621


21,479




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 director acknowledges her 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.  


The financial statements were approved by the director and authorised for issue on 18th April 2024 and were signed by:






Miss P S Crader - Director




Courtney Towers Management Company



Limited (Registered number: 03206681)



Statement of Changes in Equity

For The Year Ended 31st December 2023



Called up


Capital



share


Retained


redemption


Total


capital


earnings


reserve


equity

£   

£   

£   

£   


Balance at 1st January 2022

21


13,568


10,125


23,714




Changes in equity

Total comprehensive income

-


(2,235

)

-


(2,235

)


Balance at 31st December 2022

21


11,333


10,125


21,479




Changes in equity

Total comprehensive income

-


142


-


142



Balance at 31st December 2023

21


11,475


10,125


21,621





Courtney Towers Management Company



Limited (Registered number: 03206681)



Notes to the Financial Statements

For The Year Ended 31st December 2023


1.

STATUTORY INFORMATION



Courtney Towers Management Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.


2.

ACCOUNTING POLICIES



Basis of preparing the financial statements


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



Management charges receivable


Management charges receivable is measured at the fair value of the consideration received or receivable for services rendered net of discounts and Value Added Tax.



Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  



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 balance sheet date.


Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 1 (2022 - 1 ) .



Courtney Towers Management Company



Limited (Registered number: 03206681)



Notes to the Financial Statements - continued

For The Year Ended 31st December 2023


4.

TANGIBLE FIXED ASSETS


Freehold


property

£   



COST


At 1st January 2023


and 31st December 2023

10,125




NET BOOK VALUE


At 31st December 2023

10,125




At 31st December 2022

10,125





Included in cost of land and buildings is freehold land of £ 10,125 (2022 - £ 10,125 ) which is not depreciated.


5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.12.23


31.12.22

£   

£   



Maintenance fee debtors

1,822


1,369




Prepayments

6,784


5,989



8,606


7,358




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.12.23


31.12.22

£   

£   



Accrued expenses

1,070


1,086




7.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

31.12.23


31.12.22


value:

£   

£   



21

Ordinary

£1.00

21


21




8.

RESERVES


Capital



Retained


redemption



earnings


reserve


Totals

£   

£   

£   




At 1st January 2023

11,333


10,125


21,458




Profit for the year

142


142




At 31st December 2023

11,475


10,125


21,600