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REGISTERED NUMBER: 03990379 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

HAZEL MEAD VILLAGE (STOKESLEY)
MANAGEMENT COMPANY LIMITED

HAZEL MEAD VILLAGE (STOKESLEY)
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03990379)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


HAZEL MEAD VILLAGE (STOKESLEY)
MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTORS: G E Davies CEng FlMechE ARPS
P Semp
W Horner
H G Dredge
Mrs O M Richardson
Mrs R M Mayes





SECRETARY: P W Bigge





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 03990379 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
6/8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

HAZEL MEAD VILLAGE (STOKESLEY)
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03990379)

REPORT OF THE DIRECTORS
for the Year Ended 31st December 2023

The directors present their report with the financial statements of the company for the year ended 31st December 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st January 2023 to the date of this report.

G E Davies CEng FlMechE ARPS
P Semp
W Horner
H G Dredge
Mrs O M Richardson

Other changes in directors holding office are as follows:

Mrs R M Mayes - appointed 25th April 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P Semp - Director


29th July 2024

HAZEL MEAD VILLAGE (STOKESLEY)
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03990379)

INCOME STATEMENT
for the Year Ended 31st December 2023

31/12/23 31/12/22
Notes £    £   

INCOME 10,763 10,462

Service charge expenditure 11,279 10,439
OPERATING (DEFICIT)/SURPLUS (516 ) 23

Interest receivable and similar income 46 3
(DEFICIT)/SURPLUS BEFORE
TAXATION

(470

)

26

Tax on (deficit)/surplus 4 - -
(DEFICIT)/SURPLUS FOR THE
FINANCIAL YEAR

(470

)

26

HAZEL MEAD VILLAGE (STOKESLEY)
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03990379)

BALANCE SHEET
31st December 2023

31/12/23 31/12/22
Notes £    £   
CURRENT ASSETS
Debtors 5 10,772 11,715

CREDITORS
Amounts falling due within one year 6 10,772 11,715
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

-

RESERVES
- -

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 29th July 2024 and were signed on its behalf by:





P Semp - Director


HAZEL MEAD VILLAGE (STOKESLEY)
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03990379)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Hazel Mead Village (Stokesley) Management Company Limited is a private company, limited by guarantee , 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.

Income
During the year the company received from monies lessees, as agent, relating to service charges and associated income, which are held on trust and do not constitute turnover.

Presentation of the income statement
The presentation of the Income Statement on page 3 has been modified from the prescribed format for Company accounts in order to provide more information to lessees and other parties who may be interested in the expenditure incurred in the management of the property. Within the Balance Sheet on page 4, the Reserve Fund is held to the credit of the lessees and included within creditors.

3. EMPLOYEES AND DIRECTORS

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

31/12/23 31/12/22
£    £   
Directors' remuneration - -

4. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31st December 2023 nor for the year ended 31st December 2022.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 4,067 3,036
Bank Balance held by Managing Agents 5,760 8,176
Service Charge Deficit 600 157
Prepayments 345 346
10,772 11,715

HAZEL MEAD VILLAGE (STOKESLEY)
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03990379)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 2,920 3,966
Reserve Fund 7,184 7,184
Accrued expenses 668 565
10,772 11,715

7. RESERVES
Income
and
expenditure
account
£   

Deficit for the year (470 )
Transfer (to)/from Recoverable
Service Charge Account

470

At 31st December 2023 -

8. RELATED PARTY DISCLOSURES

The company is a mutual trading company and as such received income in the form of service charge from residents, some of whom are directors of the company. Service charges payable by the directors are on the same basis as for all of the other residents. No other transactions with related parties were undertaken such as are required to be disclosed under the FRS 102.

9. LIMIT OF MEMBERS LIABILITY

The liability of the members of the company is limited by guarantee to £1 each.