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REGISTERED NUMBER: 02206418 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

OPENDEED RESIDENTS MANAGEMENT LIMITED

OPENDEED RESIDENTS MANAGEMENT LIMITED (REGISTERED NUMBER: 02206418)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


OPENDEED RESIDENTS MANAGEMENT LIMITED

COMPANY INFORMATION
for the year ended 31 DECEMBER 2023







DIRECTORS: L D Burcher
B Kemp
J Edwards





SECRETARY: L J Kemp





REGISTERED OFFICE: 386 Finchampstead Road
Finchampstead
Wokingham
Berks
RG40 3LA





REGISTERED NUMBER: 02206418 (England and Wales)





ACCOUNTANTS: C B Heslop & Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

OPENDEED RESIDENTS MANAGEMENT LIMITED (REGISTERED NUMBER: 02206418)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 238 454
Cash at bank 3,827 3,013
4,065 3,467
CREDITORS
Amounts falling due within one year 5 4,061 3,463
NET CURRENT ASSETS 4 4
TOTAL ASSETS LESS CURRENT
LIABILITIES

4

4

CAPITAL AND RESERVES
Called up share capital 4 4
SHAREHOLDERS' FUNDS 4 4

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:





J Edwards - Director


OPENDEED RESIDENTS MANAGEMENT LIMITED (REGISTERED NUMBER: 02206418)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Opendeed Residents Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 238 454

Debtors includes service charges and insurance premiums due from flat owners in the sum of £238 (2022: £454).

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 4,061 3,463

Included within other creditors is an amount due to flat owners of £3,772 (2022: £3,223).

6. RESERVES
Retained
earnings
£   

Profit for the year 549
Flat-owners account (549 )
At 31 December 2023 -

7. CONTINGENT LIABILITIES

There were no contingent liabilities at 31st December 2023 or at 31st December 2022.

8. RELATED PARTY DISCLOSURES

The company derives its income from its members and incurs all expenses on behalf of and for the ultimate benefit of those members. All transactions are therefore considered to be related party transactions.

9. ULTIMATE CONTROLLING PARTY

Each flat owner is entitled to hold one share in the company and there is no ultimate controlling party.

OPENDEED RESIDENTS MANAGEMENT LIMITED (REGISTERED NUMBER: 02206418)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

10. REGISTERED CHARGES

A former shareholder holds a registered legal charge against the company secured on £77,500 due or to become due from the company to that former shareholder.