Sapsford House (Kings Hill) Management Company Limited 06599935 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of property management services. Digita Accounts Production Advanced 6.30.9574.0 true true 06599935 2023-01-01 2023-12-31 06599935 2023-12-31 06599935 core:RetainedEarningsAccumulatedLosses 2023-12-31 06599935 core:CurrentFinancialInstruments 2023-12-31 06599935 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06599935 bus:SmallEntities 2023-01-01 2023-12-31 06599935 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06599935 bus:FullAccounts 2023-01-01 2023-12-31 06599935 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06599935 bus:RegisteredOffice 2023-01-01 2023-12-31 06599935 bus:Director1 2023-01-01 2023-12-31 06599935 bus:Director2 2023-01-01 2023-12-31 06599935 bus:Director3 2023-01-01 2023-12-31 06599935 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06599935 countries:EnglandWales 2023-01-01 2023-12-31 06599935 2022-01-01 2022-12-31 06599935 2022-12-31 06599935 core:RetainedEarningsAccumulatedLosses 2022-12-31 06599935 core:CurrentFinancialInstruments 2022-12-31 06599935 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 06599935

Sapsford House (Kings Hill) Management Company Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Sapsford House (Kings Hill) Management Company Limited

(Registration number: 06599935)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

3,801

9,738

Cash at bank and in hand

 

4,226

7,440

 

8,027

17,178

Creditors: Amounts falling due within one year

5

(6,933)

(3,173)

Net assets

 

1,094

14,005

Capital and reserves

 

Retained earnings

1,094

14,005

Shareholders' funds

 

1,094

14,005

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

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 May 2024 and signed on its behalf by:
 

.........................................
L E Marshall
Director

.........................................
J W Gardner
Director

 

Sapsford House (Kings Hill) Management Company Limited

(Registration number: 06599935)
Balance Sheet as at 31 December 2023

.........................................
Mrs D Cox
Director

 

Sapsford House (Kings Hill) Management Company Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
94 Park Lane
Croydon
Surrey
CR0 1JB

These financial statements were authorised for issue by the Board on 31 May 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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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 for each of the company's 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.

 

Sapsford House (Kings Hill) Management Company Limited

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Debtors

Current

2023
£

2022
£

Prepayments

-

4,175

Other debtors

3,801

5,563

 

3,801

9,738

5

Creditors

2023
£

2022
£

Due within one year

Trade creditors

927

1,160

Accruals and deferred income

960

1,492

Other creditors

5,046

521

6,933

3,173