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COMPANY REGISTRATION NUMBER: 2323758
Blakespool Park Management Company Limited
Filleted Unaudited Financial Statements
31 March 2024
Blakespool Park Management Company Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
27
82
Current assets
Debtors
5
4,576
5,625
Cash at bank and in hand
54,622
45,016
--------
--------
59,198
50,641
Creditors: amounts falling due within one year
6
11,761
13,076
--------
--------
Net current assets
47,437
37,565
--------
--------
Total assets less current liabilities
47,464
37,647
--------
--------
Net assets
47,464
37,647
--------
--------
Capital and reserves
Called up share capital
7
75
75
Profit and loss account
47,389
37,572
--------
--------
Shareholders funds
47,464
37,647
--------
--------
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 statement of income and retained earnings 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 .
Blakespool Park Management Company Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 5 August 2024 , and are signed on behalf of the board by:
Mr P R Legg
Director
Company registration number: 2323758
Blakespool Park 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 61 Macrae Road, Pill, Bristol, BS20 0DD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Tangible assets
Equipment
£
Cost
At 1 April 2023 and 31 March 2024
1,398
-------
Depreciation
At 1 April 2023
1,316
Charge for the year
55
-------
At 31 March 2024
1,371
-------
Carrying amount
At 31 March 2024
27
-------
At 31 March 2023
82
-------
5. Debtors
2024
2023
£
£
Trade debtors
81
346
Other debtors
4,495
5,279
-------
-------
4,576
5,625
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
11,761
13,076
--------
--------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
75
75
75
75
----
----
----
----
8. Related party transactions
During the year the following amounts were paid to directors of the company:
2024 2023
£ £
Kay Cox - administration services 2,400 2,400
Peter Legg T/A Property Management Services
Cleaning & waste 7,175 7,275
Gardening 8,900 9,355
Repairs and maintenance 5,155 12,230
Annual service charges of £850 were received from each of the serving directors.