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REGISTERED NUMBER: 02459558 (England and Wales)

















BIDWELL HOUSE MANAGEMENT COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






BIDWELL HOUSE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02459558)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


BIDWELL HOUSE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02459558)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,295 9,295

CURRENT ASSETS
Debtors 5 1,580 1,388
Cash at bank 40,193 38,679
41,773 40,067
CREDITORS
Amounts falling due within one year 6 5,511 6,106
NET CURRENT ASSETS 36,262 33,961
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,557

43,256

RESERVES
Members deposit reserve 7 1,000 1,000
Redecoration reserve 582 582
Income and expenditure account 43,975 41,674
MEMBERS' FUNDS 45,557 43,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 surplus or deficit 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





R Rudland - Director


BIDWELL HOUSE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02459558)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Bidwell House Management Company Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02459558

Registered office: Clare House
24 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Service charge income
Service charges recoverable - income from the residents/tenants that is recoverable under their purchase agreement/lease is accounted for on an accruals basis. Over/under accruals from previous periods are dealt with in the following year in the profit and loss account.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

Depreciation is not provided on freehold land because, in the opinion of the directors', the realisable value is higher than the book value and the residual value of the property will be at least equal to the book value.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


BIDWELL HOUSE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02459558)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold
land
£   
COST
At 1 April 2023
and 31 March 2024 9,295
NET BOOK VALUE
At 31 March 2024 9,295
At 31 March 2023 9,295

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 70 97
Prepayments 1,510 1,291
1,580 1,388

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,541 3,306
Accruals and deferred income 3,970 2,800
5,511 6,106

BIDWELL HOUSE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02459558)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. RESERVES
Members
deposit
reserve
£   
At 1 April 2023
and 31 March 2024 1,000

8. CONTROLLING PARTY

The company is owned equally by its twenty members. There is no controlling party.

9. LIMITED BY GUARANTEE

The company is limited by guarantee and therefore has no share capital.