Registered number
03948506
Raleigh Street (Nottingham) Management Company Limited
Filleted Accounts
for the year ended
31 December 2023
Raleigh Street (Nottingham) Management Company Limited
Registered number: 03948506
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 42,000 42,000
Current assets
Debtors 4 22,363 286
Cash at bank and in hand 12,769 61,344
35,132 61,630
Creditors: amounts falling due within one year 5 (23,087) (37,148)
Net current assets 12,045 24,482
Net assets 54,045 66,482
Capital and reserves
Reserves fund for major works 6 30,042 120,000
General reserves fund 24,003 (53,518)
Member's funds 54,045 66,482
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Armstrong
Director
Approved by the board on 8 July 2024
Raleigh Street (Nottingham) Management Company Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents service charges to the leaseholders of Trinity Court, Raleigh Street.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 42,000
At 31 December 2023 42,000
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 42,000
At 31 December 2022 42,000
Land and buildings represents the freehold of Trinity Court, Raleigh Street, the purchase price was agreed at less than market value and the future policy will be to review the valuation every 3 years.
4 Debtors 2023 2022
£ £
Trade debtors 6,280 -
Other debtors 16,083 286
22,363 286
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,589 6,159
Other creditors 21,498 30,989
23,087 37,148
6 Reserves fund for major works 2023 2022
£ £
At 1 January 2023 120,000 110,000
Collected in year 13,765 10,000
Released to general reserves (103,723) -
At 31 December 2023 30,042 120,000
7 Other information
Raleigh Street (Nottingham) Management Company Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
C/O Digitus
363a Dunstable Road
Luton
LU4 8BY
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