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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

BURTON HOUSE & COURTYARD MANAGEMENT
COMPANY LIMITED

BURTON HOUSE & COURTYARD MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03433439)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BURTON HOUSE & COURTYARD MANAGEMENT
COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: R Paterson
Mrs L D Garwood
Mrs J Johnson
G Hardwicke





SECRETARY: A R Jadzevics





REGISTERED OFFICE: C/o Evans Weir
The Victoria
25 St Pancras
Chichester
West Sussex
PO19 7LT





REGISTERED NUMBER: 03433439 (England and Wales)





ACCOUNTANTS: Evans Weir
The Victoria
25 St Pancras
Chichester
West Sussex
PO19 7LT

BURTON HOUSE & COURTYARD MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03433439)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 84,619 82,684

CURRENT ASSETS
Debtors 5 2,918 3,452
Cash at bank 191,743 186,273
194,661 189,725
CREDITORS
Amounts falling due within one year 6 32,681 69,788
NET CURRENT ASSETS 161,980 119,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

246,599

202,621

CREDITORS
Amounts falling due after more than one
year

7

79,000

79,000
NET ASSETS 167,599 123,621

CAPITAL AND RESERVES
Called up share capital 26 26
Sinking Fund 8 167,573 123,595
SHAREHOLDERS' FUNDS 167,599 123,621

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 profit or loss 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.

BURTON HOUSE & COURTYARD MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03433439)

BALANCE SHEET - continued
31ST DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th March 2024 and were signed on its behalf by:




R Paterson - Director Mrs J Johnson - Director




G Hardwicke - Director Mrs L D Garwood - Director


BURTON HOUSE & COURTYARD MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03433439)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Burton House & Courtyard Management Company Limited is a private company, limited by shares , 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.

Turnover
The turnover shown in the income and expenditure account represents amounts invoiced during the year.

Tangible fixed assets
Depreciation is calculated on a straight line basis so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & equipment - 20%
Furniture & fixtures - 20%

Depreciation is not provided in respect of freehold property. The directors consider that the residual value is at least equal to cost.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Sinking fund
Transfers are made to a special reserve for future maintenance projects and capital expenditure as well as in respect of income earned from investment of these funds, after provision for any Corporation tax payable thereon. Transfers are made as and when expenditure is incurred.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors

3. EMPLOYEES AND DIRECTORS

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

BURTON HOUSE & COURTYARD MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03433439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023 79,000 13,142 92,142
Additions - 4,750 4,750
At 31st December 2023 79,000 17,892 96,892
DEPRECIATION
At 1st January 2023 - 9,458 9,458
Charge for year - 2,815 2,815
At 31st December 2023 - 12,273 12,273
NET BOOK VALUE
At 31st December 2023 79,000 5,619 84,619
At 31st December 2022 79,000 3,684 82,684

Land and buildings represents the freehold interests in Burton House, Biddulph Mews and Boderton Mews which were acquired by the company in 2007.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,278 2,409
Other debtors 640 1,043
2,918 3,452

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,811 8,820
Taxation and social security 472 16
Other creditors 26,398 60,952
32,681 69,788

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 79,000 79,000

Other creditors are represented by loan notes repayable to the shareholders of the company and are interest free. The repayment schedule of the loan notes is determined by the directors.

BURTON HOUSE & COURTYARD MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03433439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

8. RESERVES

Income &
ExpenditureSinking
AccountFundTotals
£££

At 1 January 2023-123,595123,595
Surplus for the year43,978-43,978
Current year transfer(43,978)43,978-
At 31 December 2023-167,573167,573

9. RELATED PARTY DISCLOSURES

The company is a non-profit making entity and each member has one share. The turnover of the company comprises only service charges and contributions receivable from members.

10. SINKING FUND RESERVE

2023 2022
£    £   
Provision for maintenance projects and capital expenditure
At 1st January 2023 123,595 88,553
Transfer to Income and Expenditure Account 43,978 35,042
At 31st December 2023 167,573 123,595
Represented by:
Communal 54,336 36,635
Burton House 64,398 36,400
Boderton Mews 22,054 29,678
Biddulph Mews 26,785 20,882
167,573 123,595