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REGISTERED NUMBER: 01251408 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 December 2023

for

Southbourne and Desborough House
Management Limited

Southbourne and Desborough House
Management Limited (Registered number: 01251408)






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


Southbourne and Desborough House
Management Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Miss T Holland
M J Mendoza
T Mottershead
M A Crowther





REGISTERED OFFICE: 10 Crendon Street
High Wycombe
Buckinghamshire
HP13 6LW





REGISTERED NUMBER: 01251408 (England and Wales)





ACCOUNTANTS: Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL

Southbourne and Desborough House
Management Limited (Registered number: 01251408)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 22,558 18,783
Cash at bank 101,246 96,673
123,804 115,456
CREDITORS
Amounts falling due within one year 5 11,153 11,144
NET CURRENT ASSETS 112,651 104,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,651

104,312

CAPITAL AND RESERVES
Called up share capital 57 57
Retained earnings 112,594 104,255
SHAREHOLDERS' FUNDS 112,651 104,312

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





Miss T Holland - Director


Southbourne and Desborough House
Management Limited (Registered number: 01251408)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Southbourne and Desborough House Management 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 represents service charges levied on residents based on budgeted expenditure for the year. This company is not registered for VAT.

Taxation
The company is a non-profit making enterprise and surpluses or deficits arising as a result of differences between service charges levied (based on estimated costs) and actual costs incurred do not fall within the scope of corporation tax. Tax is payable on investment income only.

Residential management transactions
A statutory trust is imposed over service charge monies received under Section 42 of the Landlord and Tenant Act 1987 and the company therefore acts as a trustee in this capacity. As such the closing balance of cash and other assets are held in trust by the company.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 1 2,581 2,581
Other debtors 2 2,430 2,430
Service charges due 14,302 11,288
Prepayments 3,245 2,484
22,558 18,783

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Service charges in advance 10,433 10,670
Accrued expenses 720 474
11,153 11,144