REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
DUDSWAY COURT (FERNDOWN) MANAGEMENT |
COMPANY LIMITED |
REGISTERED NUMBER: |
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 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Reserves |
Capital redemption reserve |
Income and expenditure account |
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. |
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 |
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 |
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 |
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. | Tangible fixed assets |
Freehold |
property |
£ |
Cost |
At 1 April 2023 |
and 31 March 2024 |
Net book value |
At 31 March 2024 |
At 31 March 2023 |
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 |
Prepayments and accrued income |
6. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Maintenance contributions |
Other creditors |
Accruals and deferred income |
7. | Ultimate controlling party |
The company is controlled by the members. |