Registration number:
The Square (Banbury Village) Management Company Limited
for the Year Ended 31 December 2023
The Square (Banbury Village) Management Company Limited
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
The Square (Banbury Village) Management Company Limited
Company Information
Directors |
Kevin Mayo Charlotte Brind Amanda Assheton James Duong |
Company secretary |
R. Jackson |
Registered office |
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Solicitors |
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Accountants |
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The Square (Banbury Village) Management Company Limited
Directors' Report for the Year Ended 31 December 2023
The directors present their report and the financial statements for the year ended 31 December 2023.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is the provision of management service to and the collection of ground rent and service charges from houses and flat owners at The Square, Banbury Village, Southam Road, Banbury. Each purchaser is required to become a member of the company
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Square (Banbury Village) Management Company Limited
for the Year Ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Square (Banbury Village) Management Company Limited for the year ended 31 December 2023 as set out on pages 4 to 6 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 at http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of The Square (Banbury Village) Management Company Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Square (Banbury Village) Management Company Limited and state those matters that we have agreed to state to the Board of Directors of The Square (Banbury Village) Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Square (Banbury Village) 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 The Square (Banbury Village) Management Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of The Square (Banbury Village) Management Company Limited. You consider that The Square (Banbury Village) 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 accounts of The Square (Banbury Village) 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 accounts.
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Chartered Accountants
Banbury
Oxfordshire
OX16 9AA
The Square (Banbury Village) Management Company Limited
Profit and Loss Account for the Year Ended 31 December 2023
Note |
2023 |
2022 |
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Turnover |
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Administrative expenses |
( |
( |
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Operating profit/(loss) profit/(loss) |
- |
- |
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Profit/(loss) before tax |
- |
- |
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Profit/(loss) for the financial year |
- |
- |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
The Square (Banbury Village) Management Company Limited
(Registration number: 02530297)
Balance Sheet as at 31 December 2023
2023 |
2022 |
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Capital and reserves |
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Shareholders' funds/(deficit) |
- |
- |
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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The Square (Banbury Village) Management Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
General information |
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Control |
The company is controlled by the leaseholders of The Square (Banbury Village).
Company status |
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.