REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
First Broom Barns Management Company |
Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
First Broom Barns Management Company |
Limited |
First Broom Barns Management Company |
Limited (Registered number: 01282193) |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Statement of Financial Position | 4 |
Notes to the Financial Statements | 6 |
First Broom Barns Management Company |
Limited |
Company Information |
for the Year Ended 31 March 2024 |
DIRECTORS: |
SECRETARY: | C Blake |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
147a High Street |
Waltham Cross |
Hertfordshire |
EN8 7AP |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
First Broom Barns Management Company |
Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of First Broom Barns Management Company Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of First Broom Barns Management Company Limited, as a body, in accordance with the terms of our engagement letter dated 6 June 2017. Our work has been undertaken solely to prepare for your approval the financial statements of First Broom Barns Management Company Limited and state those matters that we have agreed to state to the Board of Directors of First Broom Barns Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than First Broom Barns Management Company Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that First Broom Barns Management Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of First Broom Barns Management Company Limited. You consider that First Broom Barns Management Company Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of First Broom Barns Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
In our opinion the service charge statement presents a fair summary complying with the requirements of section 21(5) of the Landlord and Tenants Act 1985 and is sufficiently supported by accounts, receipts and other documents, which have been produced to us. |
Chartered Accountants |
147a High Street |
Waltham Cross |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
First Broom Barns Management Company |
Limited |
Hertfordshire |
EN8 7AP |
First Broom Barns Management Company |
Limited (Registered number: 01282193) |
Statement of Financial Position |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
First Broom Barns Management Company |
Limited (Registered number: 01282193) |
Statement of Financial Position - continued |
31 March 2024 |
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 |
First Broom Barns Management Company |
Limited (Registered number: 01282193) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
First Broom Barns Management Company Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Fees receivable is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
6. | PROVISIONS FOR LIABILITIES |
2024 | 2023 |
£ | £ |
Other provisions | 14,000 | 8,500 |
Sinking |
fund |
£ |
Balance at 1 April 2023 |
Provided during year |
Balance at 31 March 2024 |
First Broom Barns Management Company |
Limited (Registered number: 01282193) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 433 | 433 |
8. | RELATED PARTY DISCLOSURES |
Christine Blake, a director of this company, is also a director and principle shareholder of Mentor Services Limited. A management charge of £5,832 (2023: £5,832) calculated at 20% of this company's gross income is payable to Mentor Services Limited. |
9. | BALANCE OF SERVICE CHARGES SUMMARY |
The service charges in arrears as at 31 March 2024 amounted to £3,023 (2023: £1,763). |
The service charges received in advance as at 31 March 2024 amounted to £425 (2023: £425). |