RO24 Harlow Management Company Limited
Registered number: 05077823
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 15,709 3,298
Cash at bank and in hand 42,029 47,102
57,738 50,400
Creditors: amounts falling due within one year 4 (17,668) (9,467)
Net current assets 40,070 40,933
Net assets 40,070 40,933
Capital and reserves
Called up share capital 18 18
Capital redemption reserve 5 1 1
Profit and loss account 40,051 40,914
Shareholders' funds 40,070 40,933
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 members have 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.
P G Channell
Director
Approved by the board on 12 July 2024
RO24 Harlow 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Taxation
The company is a property management company and corporation tax is not due on any surplus made.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Debtors 2023 2022
£ £
Trade debtors 3,900 2,922
Other debtors 11,809 376
15,709 3,298
Included in other debtors is an estimate of £10,000 provided for the potentially overcharged electricity.
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 11,561 5,205
Other creditors 6,107 4,262
17,668 9,467
5 Capital redemption reserve 2023 2022
£ £
At 1 January 2023 1 1
At 31 December 2023 1 1
6 Controlling party
The significant controlling party is Ansmann UK Limited.
7 Other information
RO24 Harlow Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Units 6a & 6b Quickbury Farm
Sheering
Sawbridgeworth
CM21 9HY
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