0 false false false false false false false false false false false false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 8,191 8,191 xbrli:pure xbrli:shares iso4217:GBP 02796075 2023-01-01 2024-03-31 02796075 2024-03-31 02796075 2022-12-31 02796075 2022-01-01 2022-12-31 02796075 2022-12-31 02796075 2021-12-31 02796075 core:PlantMachinery 2023-01-01 2024-03-31 02796075 bus:Director7 2023-01-01 2024-03-31 02796075 core:WithinOneYear 2024-03-31 02796075 core:WithinOneYear 2022-12-31 02796075 core:PlantMachinery 2024-03-31 02796075 core:ShareCapital 2024-03-31 02796075 core:ShareCapital 2022-12-31 02796075 bus:SmallEntities 2023-01-01 2024-03-31 02796075 bus:AuditExemptWithAccountantsReport 2023-01-01 2024-03-31 02796075 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-03-31 02796075 bus:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 02796075 bus:FullAccounts 2023-01-01 2024-03-31
COMPANY REGISTRATION NUMBER: 02796075
MEATHOP GRANGE MANAGEMENT COMPANY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 March 2024
MEATHOP GRANGE MANAGEMENT COMPANY LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
31 Mar 24
31 Dec 22
Note
£
£
£
CURRENT ASSETS
Stocks
2,873
2,371
Debtors
5
9,550
3,958
Cash at bank and in hand
9,487
23,327
---------
---------
21,910
29,656
CREDITORS: amounts falling due within one year
6
21,891
29,637
---------
---------
NET CURRENT ASSETS
19
19
-----
-----
TOTAL ASSETS LESS CURRENT LIABILITIES
19
19
-----
-----
NET ASSETS
19
19
-----
-----
CAPITAL AND RESERVES
Called up share capital
19
19
-----
-----
SHAREHOLDERS FUNDS
19
19
-----
-----
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 comprehensive income has not been delivered.
For the period 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 period 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 .
MEATHOP GRANGE 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 23 June 2024 , and are signed on behalf of the board by:
Mr P Wright
Director
Company registration number: 02796075
MEATHOP GRANGE MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 JANUARY 2023 TO 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 12 Sun Street, Lancaster, LA1 1EW.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is the value of service charges demanded.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Plant & Machinery
-
10% 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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks of calor gas are valued at cost.
4. TANGIBLE ASSETS
Plant and machinery
Total
£
£
Cost
At 1 January 2023 and 31 March 2024
8,191
8,191
--------
--------
Depreciation
At 1 January 2023 and 31 March 2024
8,191
8,191
--------
--------
Carrying amount
At 31 March 2024
--------
--------
At 31 December 2022
--------
--------
5. DEBTORS
31 Mar 24
31 Dec 22
£
£
Trade debtors
4,186
3,958
Prepayments and accrued income
5,364
--------
--------
9,550
3,958
--------
--------
6. CREDITORS: amounts falling due within one year
31 Mar 24
31 Dec 22
£
£
Accruals and deferred income
1,289
685
Service charges in advance
5,041
Other creditors
15,561
28,952
---------
---------
21,891
29,637
---------
---------
Other creditors relates to the money held by the company on behalf of the property owners (shareholders) of Meathop Grange Management Company Limited.