St Michaels Close (2016) Limited 10402866 true 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is residents property management. Digita Accounts Production Advanced 6.30.9574.0 true Mrs M P A Skinner Mrs R Vaughan Ms J K Harbinson 10402866 2022-11-01 2023-10-31 10402866 2023-10-31 10402866 core:ShareCapital 2023-10-31 10402866 core:FurnitureFittingsToolsEquipment 2023-10-31 10402866 bus:FRS102 2022-11-01 2023-10-31 10402866 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10402866 bus:FullAccounts 2022-11-01 2023-10-31 10402866 bus:RegisteredOffice 2022-11-01 2023-10-31 10402866 bus:CompanySecretary1 2022-11-01 2023-10-31 10402866 bus:Director1 2022-11-01 2023-10-31 10402866 bus:Director2 2022-11-01 2023-10-31 10402866 bus:EntityNoLongerTradingButTradedInPast 2022-11-01 2023-10-31 10402866 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10402866 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 10402866 countries:EnglandWales 2022-11-01 2023-10-31 10402866 2022-10-31 10402866 core:FurnitureFittingsToolsEquipment 2022-10-31 10402866 2021-11-01 2022-10-31 10402866 2022-10-31 10402866 core:ShareCapital 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 10402866

St Michaels Close (2016) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

St Michaels Close (2016) Limited

Profit and Loss Account for the Year Ended 31 October 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

St Michaels Close (2016) Limited

(Registration number: 10402866)
Balance Sheet as at 31 October 2023

Note

2023
£

(As restated)

2022
£

Current assets

 

Cash at bank and in hand

 

13

13

Capital and reserves

 

Called up share capital

13

13

Shareholders' funds

 

13

13

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.

Approved and authorised by the Board on 30 July 2024 and signed on its behalf by:
 

.........................................
Mrs M P A Skinner
Director

 

St Michaels Close (2016) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
31A Charnham Street
Hungerford
Berkshire
RG17 0EJ
United Kingdom

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.

Changes in accounting policy

New standards, interpretations and amendments effective

The following have been applied for the first time from 1 November 2022 and have had an effect on the financial statements:

Change in Accounting Policy

The company acts as a trustee of a statutory trust in respect of service charge monies collected for the maintenance of St Michaels Close, Lambourn, Hungerford. The company has changed its accounting policy to exclude these funds from the company's accounts as separate service charge accounts are prepared and certified.

The company was dormant throughout the year ending 31 October 2023.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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.

 

St Michaels Close (2016) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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.

 

St Michaels Close (2016) Limited

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

Service Charges

The company is responsible for the management of St Michaels Close, Lambourn, Hungerford and collects service charges from lessees in order to fund expenditure incurred in the management of the property. These service charge funds are held in trust for the lessees as required by the Landlord & Tenants Act 1987. Transactions relating to the management of the property are reported separately to the lessees and are excluded from the company's finanical statements.

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

1,491

1,491

Disposals

(1,491)

(1,491)

At 31 October 2023

-

-

Depreciation

Carrying amount

At 31 October 2023

-

-

4

Cash and cash equivalents

2023
£

(As restated)

2022
£

Cash on hand

13

13

5

Creditors

2023
£

2022
£

6

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).