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REGISTERED NUMBER: 04278784 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

THE WICKETS (MARTON) MANAGEMENT CO LTD

THE WICKETS (MARTON) MANAGEMENT CO LTD (REGISTERED NUMBER: 04278784)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


THE WICKETS (MARTON) MANAGEMENT CO LTD

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTORS: M E Burton
D A Lennie
G Freary





SECRETARY: Town & City Secretaries Ltd





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark on Trent
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 04278784 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

THE WICKETS (MARTON) MANAGEMENT CO LTD (REGISTERED NUMBER: 04278784)

REPORT OF THE DIRECTORS
for the Year Ended 31st December 2023

The directors present their report with the financial statements of the company for the year ended 31st December 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st January 2023 to the date of this report.

M E Burton
D A Lennie

Other changes in directors holding office are as follows:

G Freary - appointed 26th April 2023
K Royal - resigned 26th April 2023

Ms Y Fell ceased to be a director after 31st December 2023 but prior to the date of this report.

The Company is limited by guarantee and has no share capital. The liability of each member is limited to £1.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M E Burton - Director


14th August 2024

THE WICKETS (MARTON) MANAGEMENT CO LTD (REGISTERED NUMBER: 04278784)

INCOME STATEMENT
for the Year Ended 31st December 2023

31/12/23 31/12/22
Notes £    £   

INCOME 53,734 49,625

Service charge expenditure 56,902 47,264
OPERATING (DEFICIT)/SURPLUS (3,168 ) 2,361

Interest receivable and similar income 320 15
(2,848 ) 2,376

Interest payable and similar expenses 1,320 1,320
(DEFICIT)/SURPLUS BEFORE
TAXATION

(4,168

)

1,056

Tax on (deficit)/surplus 4 375 316
(DEFICIT)/SURPLUS FOR THE
FINANCIAL YEAR

(4,543

)

740

THE WICKETS (MARTON) MANAGEMENT CO LTD (REGISTERED NUMBER: 04278784)

BALANCE SHEET
31st December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 30,341 30,341

CURRENT ASSETS
Debtors 6 46,345 34,067

CREDITORS
Amounts falling due within one year 7 76,125 63,778
NET CURRENT LIABILITIES (29,780 ) (29,711 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

561

630

RESERVES
Income and expenditure account 8 561 630
561 630

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 surplus or deficit 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 14th August 2024 and were signed on its behalf by:





M E Burton - Director


THE WICKETS (MARTON) MANAGEMENT CO LTD (REGISTERED NUMBER: 04278784)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

The Wickets (Marton) Management Co Ltd is a private company, limited by guarantee , 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.

Income
During the year the company received monies from lessees, as agents, in respect of service charges and related income,which are held on trust and do not constitute turnover.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

The Company owns the Freehold of the property known as The Wickets, Memorial Drive, Marton, Middlesbrough. The cost of the property is not depreciated because in the opinion of the directors it's continuing value is underwritten by the value of ground rents receivable.

Presentation of the income statement & balance sheet
The presentation of the Income Statement on page 3 has been modified from the prescribed format for Company accounts in order to provide more information to lessees and other parties who may be interested in the expenditure incurred in the management of the property. Within the Balance Sheet on page 4, the Service Charge surplus and the Reserve Fund are held on trust to the credit of lessees.

3. EMPLOYEES AND DIRECTORS

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

31/12/23 31/12/22
£    £   
Directors' remuneration - -

4. TAXATION

Analysis of the tax charge
The tax charge on the deficit for the year was as follows:
31/12/23 31/12/22
£    £   
Current tax:
UK corporation tax 375 316
Tax on (deficit)/surplus 375 316

THE WICKETS (MARTON) MANAGEMENT CO LTD (REGISTERED NUMBER: 04278784)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1st January 2023
and 31st December 2023 30,341
NET BOOK VALUE
At 31st December 2023 30,341
At 31st December 2022 30,341

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 1,958 970
Other debtors 44,387 33,097
46,345 34,067

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 45,642 38,764
Taxation and social security 375 316
Other creditors 30,108 24,698
76,125 63,778

8. RESERVES
Income
and
expenditure
account
£   

At 1st January 2023 630
Deficit for the year (4,543 )
Transfer from Service Charge
Account

4,474

At 31st December 2023 561

THE WICKETS (MARTON) MANAGEMENT CO LTD (REGISTERED NUMBER: 04278784)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

9. RELATED PARTY DISCLOSURES

During the year the Company paid to Mr N V Munkley, a director of the Company, £1,320 gross - £1,056 net, (2021 - £1,320 gross - £1,056 net) in respect of interest on a loan of £12,000 made by him to the Company to assist with the purchase of the freehold of the property in 2011. Interest on this loan is charged at 11% gross, which equates to the ground rent passing on 24 units at £55 per unit per annum, relating to the 24 lessees who did not participate in the loan scheme to purchase the freehold interest in the property.

The company is a mutual trading company and as such received income in the form of service charge from residents, some of who are directors of the company. Service charges payable by the directors are on the same basis as for all the other residents. No other transactions with related parties were undertaken such as are required to be disclosed under the FRS 102.