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REGISTERED NUMBER: 01772493 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 December 2023

for


INGLEWOOD MANAGEMENT COMPANY LIMITED



INGLEWOOD MANAGEMENT COMPANY LIMITED (Registered number: 01772493)








Contents of the Financial Statements

for the Year Ended 31 December 2023





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

3





INGLEWOOD MANAGEMENT COMPANY LIMITED



Company Information

for the Year Ended 31 December 2023









DIRECTORS:

Mx G Yeoman


Mrs C Fairhurst







SECRETARY:

Stuarts Ltd







REGISTERED OFFICE:

7 Ambassador Place


Stockport Road


Altrincham


WA15 8DB







REGISTERED NUMBER:

01772493 (England and Wales)







ACCOUNTANTS:

HAMPSON AND COMPANY


35 Hall Pool Drive


St Johns Wood


Offerton


Stockport


Cheshire


SK2 5ED



INGLEWOOD MANAGEMENT COMPANY LIMITED (Registered number: 01772493)



Balance Sheet

31 December 2023



31.12.23


31.12.22


Notes

£   

£   


CURRENT ASSETS

Debtors

4

11,519


6,360



Cash at bank

45,756


36,384



57,275


42,744



CREDITORS

Amounts falling due within one year

5

17,426


11,004



NET CURRENT ASSETS

39,849


31,740



TOTAL ASSETS LESS CURRENT

LIABILITIES

39,849


31,740




CAPITAL AND RESERVES

Called up share capital

23


23



Sinking fund

6

39,826


16,648



Retained earnings

6

-


15,069



SHAREHOLDERS' FUNDS

39,849


31,740




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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 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.

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 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 25 July 2024 and were signed on its behalf by:





Mx G Yeoman - Director




Mrs C Fairhurst - Director




INGLEWOOD MANAGEMENT COMPANY LIMITED (Registered number: 01772493)



Notes to the Financial Statements

for the Year Ended 31 December 2023


1.

STATUTORY INFORMATION



INGLEWOOD 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.    



Turnover

Turnover 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 2 (2022 - 3 ) .


4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.12.23


31.12.22

£   

£   



Trade debtors

10,493


5,305




Prepayments

1,026


1,055



11,519


6,360




5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.12.23


31.12.22

£   

£   



Trade creditors

3,174


900




Service charge in advance

13,200


8,910




Accrued expenses

1,052


1,194



17,426


11,004




6.

RESERVES


Retained


Sinking



earnings


fund


Totals

£   

£   

£   




At 1 January 2023

15,069


16,648


31,717




Deficit for the year

(15,069

)

(15,069

)



Transfer profit and loss

-


23,178


23,178




At 31 December 2023

-


39,826


39,826




7.

RELATED PARTY DISCLOSURES



The income of the company arises from service charges made to the 22 leaseholders of flats at Inglewood, St Margaret's Road, Altrincham, Cheshire in order to cover the costs of the maintenance and upkeep of the common areas of those premises. In that regard cash held in the company's name is in fact held in trust for the leaseholders.