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REGISTERED NUMBER: 05894178 (England and Wales)













Financial Statements

for the Year Ended 1 August 2023

for

Clumber Court Management Company Limited

Clumber Court Management Company Limited (Registered number: 05894178)






Contents of the Financial Statements
for the Year Ended 1 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clumber Court Management Company Limited

Company Information
for the Year Ended 1 August 2023







DIRECTORS: Mr G Fisher
Professor P D Bartlett
Mr C Brown
Ms S K Kaner





REGISTERED OFFICE: Franklin Management
Unit 133
1 Hanley Street
NOTTINGHAM
NG1 5BL





REGISTERED NUMBER: 05894178 (England and Wales)





ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN

Clumber Court Management Company Limited (Registered number: 05894178)

Balance Sheet
1 August 2023

1/8/23 1/8/22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,236 8,236

CURRENT ASSETS
Debtors 5 27,429 27,890
Cash at bank 5,641 3,867
33,070 31,757
CREDITORS
Amounts falling due within one year 6 21,233 20,750
NET CURRENT ASSETS 11,837 11,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,073

19,243

CAPITAL AND RESERVES
Called up share capital 26 26
Revaluation reserve 8,236 8,236
Retained earnings 11,811 10,981
20,073 19,243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 August 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.

Clumber Court Management Company Limited (Registered number: 05894178)

Balance Sheet - continued
1 August 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:





Mr G Fisher - Director


Clumber Court Management Company Limited (Registered number: 05894178)

Notes to the Financial Statements
for the Year Ended 1 August 2023

1. STATUTORY INFORMATION

Clumber Court Management Company 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Clumber Court Management Company Limited (Registered number: 05894178)

Notes to the Financial Statements - continued
for the Year Ended 1 August 2023

2. ACCOUNTING POLICIES - continued
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.

Tangible fixed assets and depreciation
Tangible fixed assets consists entirely of freehold land at Clumber Court, which is not depreciated. Freehold land is initially recorded at cost and is subsequently restated to its fair value at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 2 August 2022
and 1 August 2023 8,236
NET BOOK VALUE
At 1 August 2023 8,236
At 1 August 2022 8,236

Cost or valuation at 1 August 2023 is represented by:

Land and
buildings
£   
Valuation in 2007 8,236

Land at Clumber Court was valued on an open market basis on 1 August 2007 by the directors of the company .

The directors consider that the value of the land at the 1 August 2023 to not be materially different from the valuation carried out on 1 August 2007.

Clumber Court Management Company Limited (Registered number: 05894178)

Notes to the Financial Statements - continued
for the Year Ended 1 August 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1/8/23 1/8/22
as restated
£    £   
Trade debtors 27,257 27,722
Prepayments 172 168
27,429 27,890

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1/8/23 1/8/22
as restated
£    £   
Trade creditors 95 630
Accruals and deferred income 21,138 20,120
21,233 20,750