Belvedere Court (Sidmouth) Management Company Ltd 06942845 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Residents Property Management Digita Accounts Production Advanced 6.30.9574.0 true true 06942845 2023-01-01 2023-12-31 06942845 2023-12-31 06942845 bus:Director10 2023-12-31 06942845 bus:Director6 2023-12-31 06942845 core:CurrentFinancialInstruments 2023-12-31 06942845 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06942845 bus:SmallEntities 2023-01-01 2023-12-31 06942845 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06942845 bus:FullAccounts 2023-01-01 2023-12-31 06942845 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06942845 bus:RegisteredOffice 2023-01-01 2023-12-31 06942845 bus:CompanySecretary1 2023-01-01 2023-12-31 06942845 bus:Director10 2023-01-01 2023-12-31 06942845 bus:Director11 2023-01-01 2023-12-31 06942845 bus:Director12 2023-01-01 2023-12-31 06942845 bus:Director2 2023-01-01 2023-12-31 06942845 bus:Director3 2023-01-01 2023-12-31 06942845 bus:Director4 2023-01-01 2023-12-31 06942845 bus:Director6 2023-01-01 2023-12-31 06942845 bus:Director8 2023-01-01 2023-12-31 06942845 bus:Director9 2023-01-01 2023-12-31 06942845 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 06942845 countries:EnglandWales 2023-01-01 2023-12-31 06942845 2022-01-01 2022-12-31 06942845 2022-12-31 06942845 core:CurrentFinancialInstruments 2022-12-31 06942845 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 06942845

Belvedere Court (Sidmouth) Management Company Ltd

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

image-name
 

Belvedere Court (Sidmouth) Management Company Ltd

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Belvedere Court (Sidmouth) Management Company Ltd

Company Information

Directors

Mr M J Matthews

Mr W I Burton

Mr K Tolley

Ms M Hanson

Mr D Lewis

Ms S J Billinghurst

Ms D S Ziegler

Ms J Howard-Williams

Company secretary

Mr S I Jarrett

Registered office

Hillsdon House
High Street
Sidmouth
Devon
EX10 8LD

Accountants

Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

 

Belvedere Court (Sidmouth) Management Company Ltd

Directors' Report for the Year Ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr M J Matthews

Mr W I Burton

Mr K Tolley

Mr P Watkins (resigned 7 June 2023)

Ms M Hanson

Mr D Lewis

Ms S J Billinghurst (appointed 19 December 2023)

Ms D S Ziegler

Ms J Howard-Williams

Principal activity

The principal activity of the company is Residents Property Management

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 24 June 2024 and signed on its behalf by:
 

.........................................
Mr S I Jarrett
Company secretary

 

Belvedere Court (Sidmouth) Management Company Ltd

(Registration number: 06942845)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

-

9,387

Cash at bank and in hand

 

-

56,536

 

-

65,923

Creditors: Amounts falling due within one year

5

-

(13,651)

Net assets

 

-

52,272

Reserves

 

Other reserves

-

44,267

Retained earnings

-

8,005

Surplus

 

-

52,272

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 24 June 2024 and signed on its behalf by:
 

.........................................
Ms S J Billinghurst
Director

 

Belvedere Court (Sidmouth) Management Company Ltd

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

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Hillsdon House
High Street
Sidmouth
Devon
EX10 8LD

These financial statements were authorised for issue by the Board on 24 June 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.

 

Belvedere Court (Sidmouth) Management Company Ltd

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

Bank, Cash and Other Assets
A statutor trust is place over service charge monies received under section 42 of the Landlord and Tenant Act 1987 and the Residential Management Company acts as a trustee in this capacity.

The closing balance of cash and other assets held on trust by the Residential Management Company are £43,156:
£8,909 Harrison Lavers & Potburys Ltd Re Belvedere Court (Sidmouth) Management Ltd Clients Account Nat West Account 56117493 (non interest bearing)
£34,247 Harrison Lavers & Potburys Ltd Re Belvedere Court (Sidmouth) Management Ltd Clients Account Nat West Account 56117582 (interest bearing)

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 8 (2022 - 8).

4

Debtors

Current

2023
£

2022
£

Other debtors

-

9,387

 

Belvedere Court (Sidmouth) Management Company Ltd

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

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

-

5,615

Other creditors

-

8,036

-

13,651