Registered number
04777092
Lattiford Management Company Limited
Unaudited Filleted Accounts
31 December 2023
Sutcliffe and Co
Chartered Accountants
Lattiford Management Company Limited
Registered number: 04777092
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 48,750 48,750
Current assets
Debtors 4 307 310
Cash at bank and in hand 18,456 19,873
18,763 20,183
Creditors: amounts falling due within one year 5 (2,110) (1,264)
Net current assets 16,653 18,919
Total assets less current liabilities 65,403 67,669
Creditors: amounts falling due after more than one year 6 (12,779) (16,991)
Net assets 52,624 50,678
Capital and reserves
Called up share capital 14 14
Capital Redemption Reserve 7 45,500 45,500
Profit and loss account 7,110 5,164
Shareholders' funds 52,624 50,678
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr W J Wood
Director
Approved by the board on 9 July 2024
Lattiford Management Company Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Income represents flat and estate service charges received from the residents
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
During the year ended 31st May 2005 the company acquired the freehold of the apartments and common areas at Lattiford Estate from the developer at no cost. The apartments are held on 999 year leases by some of the directors and shareholders. In view of the length of these leases it is considered that the current value of the freehold is negligible. On 15th September 2006 this freehold was transferred to Lattiford House and Court (Management) Limited at nil consideration. The retained land was purchased in June 2006 for £48,750 including costs.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 48,750
At 31 December 2023 48,750
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 48,750
At 31 December 2022 48,750
4 Debtors 2023 2022
£ £
Other debtors 307 310
5 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals 2,110 1,264
6 Creditors: amounts falling due after one year 2023 2022
£ £
Sinking fund 12,779 16,991
Sinking fund
This balance represents the cumulative balance held in the bank
accounts which has been allocated to the Sinking fund.
7 Capital Redemption Reserve 2023 2022
£ £
At 1 January 2023 45,500 45,500
At 31 December 2023 45,500 45,500
8 Other information
Lattiford Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
North Lodge
South Horrington
Wells
Somerset
BA5 3DZ
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