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COMPANY REGISTRATION NUMBER: 04315841
North Bay Management Company Limited
Filleted Unaudited Financial Statements
For the year ended
31 March 2024
North Bay Management Company Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
£
Current assets
Debtors
5
9,545
5,790
Cash at bank and in hand
5,168
8,920
--------
--------
14,713
14,710
Creditors: amounts falling due within one year
6
10,012
9,073
--------
--------
Net current assets
4,701
5,637
-------
-------
Total assets less current liabilities
4,701
5,637
-------
-------
Capital and reserves
Called up share capital
11
11
Profit and loss account
4,690
5,626
-------
-------
Shareholders funds
4,701
5,637
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 March 2024 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 July 2024 , and are signed on behalf of the board by:
D F E Thompson
Director
Company registration number: 04315841
North Bay Management Company Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 7A, Bessingby Industrial Estate, Bridlington, East Yorkshire, YO16 4SJ.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the year. Income from maintenance fees is recognised in accordance with the agreed terms of the relevant agreements.
(c) Income tax
No liability to UK corporation tax arose on ordinary activities for the year ended 31 March 2024 nor for the year ended 31 March 2023.
(d) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year, including the directors, amounted to 2 (2023: 2 ).
5. Debtors
2024
2023
£
£
Other debtors
9,545
5,790
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
10,012
9,073
--------
-------