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REGISTERED NUMBER: 02261377 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DUDSWAY COURT (FERNDOWN) MANAGEMENT
COMPANY LIMITED

DUDSWAY COURT (FERNDOWN) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 02261377)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance sheet 1

Notes to the financial statements 2


DUDSWAY COURT (FERNDOWN) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 02261377)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,138 2,138

Current assets
Debtors 5 1,158 475
Cash at bank 2,597 2,024
3,755 2,499
Creditors
Amounts falling due within one year 6 1,201 1,456
Net current assets 2,554 1,043
Total assets less current liabilities 4,692 3,181

Reserves
Capital redemption reserve 2,138 2,138
Income and expenditure account 2,554 1,043
4,692 3,181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





Mr B McClean - Director


DUDSWAY COURT (FERNDOWN) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 02261377)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Dudsway Court (Ferndown) Management Company Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number is 02261377. The registered office is 7 & 8 Church Street, Wimborne, BH21 1JH and business address is Dudsway Court, 76 Dudsbury Avenue, Ferndown, Dorset, BH22 8DX.

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.

The accounts have been prepared in accordance with the lease.

Income
Income represents maintenance contributions receivable in relation to the management of the block of flats.

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

Tangible fixed assets represents contributions from the members towards the Freehold and therefore is not depreciated.

Taxation
Service charge monies are held on trust in accordance with Section 42, Landlord and Tenant Act 1987.

Interest earned on service charge monies held on deposit is taxable at the basic rate of income tax.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

4. Tangible fixed assets
Freehold
property
£   
Cost
At 1 April 2023
and 31 March 2024 2,138
Net book value
At 31 March 2024 2,138
At 31 March 2023 2,138

DUDSWAY COURT (FERNDOWN) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 02261377)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. Debtors: amounts falling due within one year
2024 2023
£    £   
Maintenance contributions 600 -
Prepayments and accrued income 558 475
1,158 475

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Maintenance contributions 300 600
Other creditors 397 376
Accruals and deferred income 504 480
1,201 1,456

7. Ultimate controlling party

The company is controlled by the members.