Company Registration No. 05527658 (England and Wales)
JACQUELINE COURT MANAGEMENT COMPANY LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 DECEMBER 2023
JACQUELINE COURT MANAGEMENT COMPANY LIMITED
COMPANY INFORMATION
Directors
N Wright
B Roberts
S Mann
D Hoggarth
Secretary
Cosec Management Services Limited
Company number
05527658
Registered office
North Point
Stafford Drive
Battlefield Enterprise Park
Shrewsbury
Shropshire
SY1 3BF
Accountants
Myers Clark
Egale 1
80 St Albans Road
Watford
Hertfordshire
WD17 1DL
JACQUELINE COURT MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Balance sheet
3
Notes to the financial statements
4 - 5
JACQUELINE COURT MANAGEMENT COMPANY LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 25 DECEMBER 2023
- 1 -
The directors present their annual report and financial statements for the year ended 25 December 2023.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
N Wright
B Roberts
S Mann
D Hoggarth
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
D Hoggarth
Director
12 August 2024
JACQUELINE COURT MANAGEMENT COMPANY LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JACQUELINE COURT MANAGEMENT COMPANY LIMITED FOR THE YEAR ENDED 25 DECEMBER 2023
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jacqueline Court Management Company Limited for the year ended 25 December 2023 set out on pages 3 to 5 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Jacqueline Court Management Company Limited, as a body, in accordance with the terms of our engagement letter dated 18 April 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Jacqueline Court Management Company Limited and state those matters that we have agreed to state to the board of directors of Jacqueline Court Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jacqueline Court Management Company Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Jacqueline Court Management Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Jacqueline Court Management Company Limited. You consider that Jacqueline Court Management Company Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Jacqueline Court Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Myers Clark
20 August 2024
Chartered Accountants
Egale 1
80 St Albans Road
Watford
Hertfordshire
WD17 1DL
JACQUELINE COURT MANAGEMENT COMPANY LIMITED
BALANCE SHEET
AS AT
25 DECEMBER 2023
25 December 2023
- 3 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
18,094
18,094
Current assets
-
-
Creditors: amounts falling due within one year
4
(18,085)
(18,085)
Net current liabilities
(18,085)
(18,085)
Net assets
9
9
Capital and reserves
-
-
Called up share capital
5
9
9
For the financial year ended 25 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These 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 12 August 2024 and are signed on its behalf by:
D Hoggarth
Director
Company registration number 05527658 (England and Wales)
JACQUELINE COURT MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 DECEMBER 2023
- 4 -
1
Accounting policies
Company information
Jacqueline Court Management Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is North Point, Stafford Drive, Battlefield Enterprise Park, Shrewsbury, Shropshire, SY1 3BF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Freehold
No depreciation is charged as in the directors' opinion it would be immaterial
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received.
JACQUELINE COURT MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
1.6
During the year the company has acted as agent for the lessees of the property at 67-69 Clarendon Road, Southsea, Portsmouth, Hampshire, PO5 2PA . The funds in relation to the maintenance of the property are held in trust.
The company therefore has no income or expenditure in its own right in relation to the maintenance of the common parts of the property held in accordance with the governing leases. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House. The accounts can be obtained from Jacqueline Court Management Company Limited.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
Tangible fixed assets
Land and buildings
£
Cost
At 26 December 2022 and 25 December 2023
18,094
Depreciation and impairment
At 26 December 2022 and 25 December 2023
Carrying amount
At 25 December 2023
18,094
At 25 December 2022
18,094
4
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
18,085
18,085
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
9
9
9
9