Company registration number 02156167 (England and Wales)
BROUGHTON ROAD (DALTON) MANAGEMENT COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
BROUGHTON ROAD (DALTON) MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
BROUGHTON ROAD (DALTON) MANAGEMENT COMPANY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1
1
Current assets
Debtors
4
477
438
Cash at bank and in hand
3,254
4,303
3,731
4,741
Creditors: amounts falling due within one year
5
(389)
(1,123)
Net current assets
3,342
3,618
Net assets
3,343
3,619
Capital and reserves
Called up share capital
53
53
Profit and loss reserves
3,290
3,566
Total equity
3,343
3,619
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 and delivered 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 20 August 2024 and are signed on its behalf by:
S Bolton
Director
Company registration number 02156167 (England and Wales)
BROUGHTON ROAD (DALTON) MANAGEMENT COMPANY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2022
53
2,188
2,241
Year ended 31 March 2023:
Profit and total comprehensive income
-
1,378
1,378
Balance at 31 March 2023
53
3,566
3,619
Year ended 31 March 2024:
Loss and total comprehensive income
-
(276)
(276)
Balance at 31 March 2024
53
3,290
3,343
BROUGHTON ROAD (DALTON) MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information
Broughton Road (Dalton) Management Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is 48b Broughton Road, DALTON-IN-FURNESS, LA15 8RP.
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
Turnover
Turnover represents amounts receivable for service charges from tenants.
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:
Fixtures, fittings & equipment
25% on the reducing balance
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
BROUGHTON ROAD (DALTON) MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 and 31 March 2024
166
Depreciation and impairment
At 1 April 2023 and 31 March 2024
165
Carrying amount
At 31 March 2024
1
At 31 March 2023
1
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
477
438
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
389
1,123