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 |